BTC may retest the support level of $87,000

Ser_Liquidated · 2026-01-30T23:01:40+00:00

The cryptocurrency market is facing challenges, with Bitcoin losing momentum and dropping to $84.13K. Analyst Ted Pillows suggests it may retest critical support at $87,000-$87,500 before potential growth. If it falls below this level, risks of further decline increase.

Ser_Liquidated

2026-01-30 23:01:40

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The cryptocurrency market is experiencing a challenging period. After Bitcoin demonstrated dominance over stocks last week, the asset lost its upward momentum and erased most of its gains earlier this year. Analyst Ted Pilloos on X (formerly Twitter) noted that BTC may retest the critical support level in the $87,000-$87,500 range before making the next move upward.

Current Price Dynamics and Loss of Momentum

Currently, Bitcoin is trading at $84.13K, down 0.34% over the past 24 hours. This indicates continued pressure on the asset. The loss of positive momentum occurred after BTC previously showed stronger results than traditional financial instruments. However, the development of events suggests that the upward trend is losing stability.

Key Support Levels and Analyst Forecasts

According to Ted Pilloos’s analysis, Bitcoin may retest the support level at $87,500 to stabilize its position before the next wave of growth. This range is critical for determining the direction of future price movement. If the asset breaks below this level, the risks of further decline will significantly increase. Testing support often precedes a recovery, which can provide analysts and traders with important information about the intentions of major market participants.

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