Bitcoin has fallen below $92,000! Analysts say $85,000 is support, and the second half of the month will see a range-bound fluctuation.
On January 19, Bitcoin briefly fell below $92,000, with a total liquidation amount exceeding $865 million in 24 hours, causing market sentiment to tighten instantly.
Fisher Capital investment analyst Lai Yuen pointed out that this drop is mainly due to the resurgence of the US-EU trade war, coupled with market concerns over Trump’s new tariff proposal, leading to a double whammy.
Bitget chief analyst Ryan Lee also added that this correction is more a result of global risk sentiment fluctuations rather than fundamental issues in the crypto market.
The increase in macro uncertainty, combined with a large profit-taking wave after the previous surge, has made investors cautious across various markets such as stocks, commodities, and digital assets, further suppressing coin prices.
Regarding future trends, Lee provided a clear judgment: Bitcoin is expected to maintain a range-bound pattern in the second half of January, with a support level likely around $85,000.
This means that it will be difficult for the coin price to reach new highs in the short term, and it will more likely fluctuate between key price levels.
In simple terms, Bitcoin is currently under dual pressure from “macro headwinds + profit-taking”, with $85,000 becoming an important defense line for bulls.
If this support level can be maintained in the future, the market may gradually digest selling pressure during fluctuations; once it fails to hold, the extent of the correction may further expand. @阿二说趋势
