Bitcoin Targets $87,600 Downside After Breaching $92,155 Support, Analyst Warns

On Jan. 8, Bitcoin fell to around $91,000 after breaking key 4-hour support at $92,155, reinforcing bearish sentiment, according to analyst Lennaert Snyder, cited by BlockBeats. Snyder targets $87,600 near the monthly open, with interim take-profit levels, noting shorts could be invalidated by a strong bounce from $90,500. A bullish reversal would require a decisive break above $96,500.