Deep Tide TechFlow News, January 08, According to Cointelegraph, Bitcoin recently faced resistance at $95,000 after a rebound and has now fallen back to around $90,000. Some analysts maintain a bearish stance, predicting the price could further decline to the $76,000 level. Technical analysis shows support levels between $87,500 and $89,000. Several traders believe that the current sideways consolidation is merely a "reset" before a decline. Market data indicates that while open interest has hit new highs, the price is slowly declining, showing dominance by the bears. Some analysts even suggest that a drop below the January low of $87,500 could help establish a more solid foundation for a long-term rebound.