Bitcoin rebounds by 1% after decline, but still needs to hold the $87,787 support level

ZkSnarker · 2026-01-22T13:00:10+00:00

Bitcoin, after experiencing six days of consecutive decline, rose by 1% yesterday, influenced by Trump's positive remarks at the Davos Forum. However, the $90,000 barrier has not yet been broken, and the spot Bitcoin ETF continues to see outflows of $7.08 billion, with the market still under pressure. The key support level is at $87,787, and a break below could lead to a further dip to $92,044. The overall market remains in a state of indecision between bulls and bears.

ZkSnarker

2026-01-22 13:00:10

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【Crypto World】Bitcoin has finally held up. A 1% increase over the past day is considered a halt to the six-day consecutive decline. Behind this rebound, former US President Trump’s remarks at the Davos Forum indeed gave the market a boost—he hinted at reaching a framework agreement on the Greenland issue and also expressed a positive attitude towards cryptocurrency policies, causing global risk appetite to spike instantly.

But don’t celebrate too early. The $90,000 barrier has not been crossed yet, and spot Bitcoin ETFs are actually continuing to bleed, with a net outflow of $708.71 million in the past 24 hours. From a technical perspective, the key support level is at $87,787. If this level doesn’t hold, the next target is $92,044. Currently, bulls and bears are at a stalemate, and it will depend on how the capital flows develop.

BTC-0,88%

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DuckFluff

· 8h ago

Trump's words instantly boosted the coin's value; this move is quite brilliant.

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DegenDreamer

· 8h ago

Trump can easily manipulate the market with a word, while ETFs are still crashing. Can we trust this rebound?

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BearHugger

· 9h ago

Whenever Trump makes a statement, the market rebounds. We've seen this trick too many times, and I don't believe it anyway.

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SmartContractPlumber

· 9h ago

ETF continues to bleed $700 million, is this rebound really reliable? It feels like patching a broken contract—surface-level stop-loss but still leaking underneath. 87787 must hold firm.

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ForkPrince

· 9h ago

Trump's bluster saves the market, but ETFs are still bleeding. How long this rebound can last is really hard to say.

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