Bitcoin traders stick to $76K downside target after $95K setback in January 2026

On January 8, 2026, traders on X reiterated bearish views after Bitcoin failed to clear $95,000 and drifted back toward its yearly open near $90,000, according to TradingView. Several participants highlighted support at $87.5k–$89k and warned of a potential slide toward $76,000, citing a developing weekly "Death Cross" as a reason to sell strength.