Analyst: BTC has technical bearish signals, and the next low may be around 88,000 USD

ChainCatcher news, Intouch Capital Markets senior forex analyst Piotr Matys stated that Bitcoin may have now formed what is known as a head and shoulders pattern, indicating a trend shift from bullish to bearish. Matys noted that a drop below the key support level of $91,600 signals "strong technical bearish signals for Bitcoin." Fxpro chief market analyst Alex Kuptsikevich added that if bearish sentiment prevails, the next low for Bitcoin could be around $88,000, with a possibility of a quick rebound from there to around $74,000.

Last year, the debut of the U.S. ETF directly linked to Bitcoin, along with President-elect Trump's outspoken support for the digital asset industry, pushed Bitcoin to an all-time high. However, this optimism has waned in 2025, with some analysts indicating that traders are waiting for certainty after Trump's inauguration on January 20. (Jin Shi)