Yes

>>Bitcoin falls to $87K as the trendline stays firm: recovery rally—what’s next for BTC? Jan 22 technical analysis.

Bitcoin falls to $87K as the trendline stays firm: recovery rally—what’s next for BTC? Jan 22 technical analysis.

crypthub

1/22/2026, 2:30:34 PM

Market Reaction to Trump’s Davos Speech

Bitcoin plunged over $3,000 as investors feared new punitive tariffs from President Trump. The dip was triggered by his initial threat, pushing BTC below the $90,000 level. After Trump softened his stance at Davos, the market quickly recovered, bringing Bitcoin back to the $90,000 resistance.

Current Technical Landscape

The chart shows a sharp wick down from above $90K, with price now trading sideways above an ascending trendline. A Fibonacci retracement places the recent low at the 0.618 level, suggesting a healthy bounce. However, the 50‑day and 100‑day SMAs cluster near $90,350, creating a strong barrier, while Stochastic RSI signals a possible upward turn.

Outlook and Risks

Crypto sentiment remains in “Extreme Fear,” and a further drop below $87,000 could cement a bearish trend. Bulls must break the $90K resistance and convert it into support to avoid a bear market confirmation. The next moves will determine whether Bitcoin stages a rally or succumbs to continued downside pressure.

Bitcoin falls to $87K as the trendline stays firm: recovery rally—what’s next for BTC? Jan 22 technical analysis.

Market Reaction to Trump’s Davos Speech

Current Technical Landscape

Outlook and Risks

Bitcoin falls to $87K as the trendline stays firm: recovery rally—what’s next for BTC? Jan 22 technical analysis.