2026-01-08 17:27:37

Bitcoin showing signs of potential downside movement ahead. Technical analysts are flagging a key level around $89K on the daily timeframe—specifically where the Bollinger Band moving average sits. This zone could serve as the next target if selling pressure continues. The setup suggests traders should be watching this support level closely over the coming days. Whether BTC bounces or breaks through this price point will likely influence the near-term momentum for the broader market.

BTC0,71%

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RugpullTherapist

· 19h ago

Can that 89K level really hold? It feels a bit uncertain.

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Degen4Breakfast

· 19h ago

Is the 89K level really that critical? It seems like every time someone calls out a support level, it still breaks anyway.

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0xDreamChaser

· 19h ago

Is the 89K line really that strong? It feels like every day someone says it's a key level, but as soon as it's touched, it breaks.

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FreeRider

· 19h ago

The 89K threshold is really a bit risky; it feels like it could be broken through at any moment.

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CoconutWaterBoy

· 19h ago

89K, it feels like we're about to see another drama of "break or not break"... Every time at critical points, it's always the main force's pretense in the end.

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BearEatsAll