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Analyst: BTC price may further decline to $76,000

bitcoin news Market Analysis

2026-01-08 15:38:29

BTC0.40%

Odaily Planet Daily reports that Bitcoin recently faced resistance at $95,000 after a rebound. Analyst Roman posted on X platform stating that he still believes BTC will reach $76,000. He mentioned that the current sideways consolidation is just a reset for a potential decline, with no signs of reversal observed, and that the higher timeframes remain very bearish. Additionally, Keith Alan, co-founder of Material Indicators, indicated that BTC's first breakout attempt has been confirmed as a failure, and currently focuses on technical support levels between $87,500 and $89,000. As a macro death cross forms on the weekly chart later this month, he views any subsequent upward movement as a selling opportunity. Furthermore, trader Daan Crypto Trades also believes that the monthly lows are unlikely to hold and leans toward a price drop below these lows, creating conditions for a bottoming process. (Cointelegraph)

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