Bitcoin (BTC) price dips 1.03% on January 22 as traders watch $88,500 support zone

On January 22, Bitcoin's price declined by 1.03% and was trading near $88,785, with intraday action showing a false break below local support at $89,974. If the daily candle finishes around or under that level, charts indicate potential downside toward $88,500 and a possible range between $88,000 and $90,000 through the end of the week. Midterm readings also show BTC retreating after a failed move above resistance at $94,652, keeping focus on lower support areas for the rest of the month.