Why is Bitcoin falling?
Bitcoin is falling for the sixth consecutive session (longest streak since November 2024), dropping to $89,369 on January 20, 2026, driven by Trump tariff threats on European nations and risk-off sentiment.
Why is Bitcoin going down today?
Bitcoin fell 3.44% to $89,369 (intraday low $89,162) as "the tariff baton has been swung once again overnight and pulled all risk assets lower with European equities trading almost 2% down," explains Paul Howard from Wincent.
How low can Bitcoin go?
According to my technical analysis, immediate target is $84,000 (consolidation lower band, -6%). Medium-term: $74,000 (April lows matching year low $74,420, head and shoulders target, -17%). Bearish scenario: $61,000 (-32%). Extreme Fibonacci extension: $50,000 (100% extension, -44% from current $89,369).
Is Bitcoin in a bear market?
Yes, according to technical indicators. As I show on my chart, Bitcoin trades 15.5% below 200 EMA ($105,731) with death cross active since November 16.
Will Bitcoin break $100,000?
Not in near-term. Bitcoin currently trades at $89,369, 10.6% below $100K. "Breaking $100,000 is going to be far more macro-led than previous rallies," says Howard from Wincent.
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