Bitcoin Holds $87K, But Is an $85K Breakdown Coming?

 Key Insights:

• Bitcoin trades near $87,900 after weak bounce, with $90K still acting as strong resistance.
• Traders watch $85K as next support if Bitcoin fails to clear the $90K–$92K zone soon.
• Daily momentum remains bearish, with RSI under 50 and MACD showing no bullish reversal signs.

Bitcoin was trading near $87,897 as of January 27, 2026. Earlier today, the price dropped to retest $87,000 but found some buying interest. The level has served as a short-term base over the past few sessions.

Even so, the recovery has been limited. Over the last 24 hours, BTC rose just 0.2%. In the past seven days, it’s down 3.6%. The narrow price range and weak bounce suggest buyers remain cautious. Attention is now turning to whether this support can keep holding or if further downside is on the way.

$90K Remains a Key Resistance Zone

At the same time, Bitcoin continues to face resistance just below $90,000. This level has blocked several recent attempts to move higher. The range between $90,000 and $92,000 remains an area where sellers have been active.

Without a clear move above this range, the risk of a drop toward $85,000 grows.

Trader TedPillows commented, 

“Bulls still need to do a lot of work to push Bitcoin above the $90,000 level. If this doesn’t happen, a sweep of the $85,000 support zone is highly likely to happen.”

If the price does climb above $90,000, the next levels to watch are near $98,000 and $102,250. But for now, the market remains under pressure.

Lower Support Zones Still in View

On the weekly chart, broader support levels remain in play. One sits between $78,000 and $80,000. Another, deeper zone, is between $68,000 and $73,000. These areas marked earlier consolidation phases where buying picked up.

If current support at $87,000 breaks, traders may begin watching these zones more closely. As Aman noted, 

“Daily wedge failing, weekly liquidity looming — re-accumulation underway.”

 This suggests the price could move lower before larger buyers return.

Momentum Indicators Stay Weak

Technical signals on the daily chart show no sign of a shift. The Relative Strength Index is at 41.41, which remains below the midpoint of 50. That suggests sellers are still in control, and buyers haven’t gained traction.

The MACD is also still negative. Both the main and signal lines are falling, and the histogram continues to show red bars. There’s no sign of reversal at the moment.

By then, Bitcoin is holding its ground near $87,000. But if it fails to push higher soon, a test of $85,000 may be the next step.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.