Bitcoin peaks at $95,000 then pulls back; technical analysts warn of weekly death cross risk

2026-01-08 15:34:13

【Blockchain Rhythm】Bitcoin yesterday briefly surged close to $95,000 before quickly retreating to levels near the beginning of the year. Intraday volatility was evident, with the possibility of testing below $90,000.

Regarding this wave of market movement, Material Indicators co-founder Keith Alan bluntly stated: “Bitcoin’s first attempt to break upward has been completely rejected.” He had previously detected bearish signals on higher timeframes. The key technical support levels now lie between $87,500 and $89,000, which has become the last line of defense for the bulls.

What is even more concerning is the risk of a death cross, as Alan pointed out. He noted that a macro death cross signal is about to appear on the weekly chart at the end of the month, “Once it appears, I will treat any subsequent rebound as an opportunity to sell high. Unless there is clear evidence to break this expectation, I will remain bearish.”

Senior trader Roman also reiterated his short position. After warning multiple times about macro downside risks in 2025, he continues to target a short-term goal of $76,000—the last time this level was seen was in April. Roman’s view is straightforward: “Currently stuck around $89,000, the probability of further decline is high. I am very confident in the $76,000 target. The current sideways consolidation is just preparing for a final drop there. There are no signs of reversal at the moment; the bearish signals on higher timeframes remain strong.”

BTC-0,02%

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SeasonedInvestor

· 01-09 03:28

Once again a fake move, 95000 is just a bait --- If the death cross really occurs, we should be cautious of this rebound --- I just want to know if 87500 can hold, otherwise I really have to be bearish --- Is Keith's signal reliable this time? How did he say it last time --- Is this a high-selling opportunity? Why do I feel it's a trapping opportunity --- Once the weekly death cross appears, bulls should stop messing around --- Talking about technicals again, I still rely on the news; anyone who believes otherwise will lose --- This drop is normal; the previous rally was too crazy --- Can the support around 90000 rebound? Is anyone buying the dip --- Death cross at the end of the month? Then I should reduce my position this week

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MevShadowranger

· 01-08 18:28

95k was hammered back, this wave really hurts... If the 87.5k-89k line can't hold, it will be uncomfortable later on. --- Is the death cross coming? Alan is so definitive, feels like there's more to the story. --- A rebound is a good opportunity to sell high, in other words, it still needs to go lower, the logic is clear. --- The last line of defense for the bulls has been marked out, is it time to run... --- Such violent short-term moves, the weekly chart is about to signal, looks like I need to wait before jumping in again. --- Why do I feel this wave is more like a shakeout? Being rejected at 95k so quickly is a bit abnormal. --- Death cross at the end of the month? Then this week we'll see if 87.5 can hold. If it can't, it's really time to defend.

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SchroedingerMiner

· 01-08 16:02

If 95,000 can't be held, it's really frustrating. --- Is a death cross coming? Another round of a slaughter feast scheduled. --- If 87,500 doesn't break, there's still hope; if it breaks, we really have to run. --- Every time, they say refuse to break through. Why does it feel like Bitcoin listens most to these analysts? --- End of month weekly death cross? I'll just set my stop-loss order first. --- Rebound and then sell high—that logic I've heard too many times... and the result? --- If we can't hold 87,500-89,000, we should clear our positions. --- Death cross every day, but the coin is still here. --- Are we about to see another panic sell-off? My 90,000 yuan chips are a bit shaky. --- If a weekly death cross really happens this time, all previous rebounds have indeed become a trap for the bagholders.

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screenshot_gains

· 01-08 16:02

95000 was repeatedly pulled back, truly amazing... Feels like this move is just to lure in buyers, the bears should step in now.

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IronHeadMiner

· 01-08 16:00

Is the death cross coming again? I'm tired of hearing this explanation. As the old saying goes, technical analysis is just armchair quarterbacking after the fact. Just break through it. Who cares about the 87,500 defense line? History has already proven that the "last line of defense" for bears is the least reliable. Anyway, I don't believe in weekly death crosses. Bitcoin is just used for oscillation and shakeouts. Let's wait and see. This guy has been calling for a short at high levels all along. Why haven't I seen him call it right a few times? Seems a bit fishy. The true bottom won't be predicted by so many people. The more people are bearish, the more likely it is to turn around. Forget it, I'll just keep lying low. Anyway, even if it drops, it won't reach my cost basis. Just wait patiently.

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MetaverseHermit

· 01-08 15:59

95k being rejected so decisively feels a bit upsetting If the death cross really occurs, this rebound might be the time to consider running away That 87500 level seems hard to hold... This technical analysis looks a bit hopeless Just sell on the rebound, brothers, don't be greedy

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MoonBoi42

· 01-08 15:57

Is it coming back to push up and then dump again? Wanting to dump at 95k, hilarious --- Death cross is here, this time it really will drop --- Alan is quite blunt, but can 87.5k hold? --- Weekly death cross... here comes another theory, anyway I’m definitely not bottom fishing --- Pushing to 95k and then dropping back to around 89k, the whales really know how to play --- This wave feels a bit fake, I think it still needs to drop further --- Confident in a rebound to sell high, with such strong weekly signals, you’d be crazy not to believe --- If 87.5k breaks, it’s time to look at 80k --- How many times has the death cross appeared, and it still rose --- Refusing to break through is normal, but bears may not necessarily hold until the weekly death cross

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GasGasGasBro

· 01-08 15:52

95k has been pushed back again, this time really out of strength Such obvious bearish signals and still pushing in? I think it's time to wake up Death cross appears, and then it rebounds and crashes immediately. Alan's theory, I respect it Can 87,500 really hold? Feels like a gamble Starting to stay up late again watching the market, so annoying

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0xInsomnia

· 01-08 15:46

The death cross has appeared. Is it really going to drop now... Can 87,500 hold?

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