Analysis: BTC has strong technical bearish signals, the next low point may be around $88,000

PANews reported on January 13 that Piotr Matys, senior forex analyst at Intouch Capital Markets, stated that BTC may have formed a so-called head and shoulders pattern, indicating a shift in trend from bullish to bearish. Matys noted that breaking below the key support level of $91,600 suggests “BTC is sending strong bearish technical signals.” Alex Kuptsikevich, Chief Market Analyst at Fxpro, added that if bearish sentiment prevails, the next low for BTC could be around $88,000, with a potential quick pullback to around $74,000. Last year, the debut of the US ETF directly linked to BTC, as well as President Trump’s outspoken support for the digital asset industry, pushed BTC to a historic high. However, this optimism has weakened in 2025, with some analysts suggesting that traders are waiting for certainty after Trump’s inauguration ceremony on January 20th.