The digital asset market faces a severe correction this January 8, 2026, reinforcing the Bitcoin price target at 76,000 dollars. According to analysts Keith Alan from Material Indicators and Roman, the rejection at 95,000 dollars confirms an imminent bearish trend. The official source warns that the main cryptocurrency is losing the key supports reached during its recent annual recovery.
Bitcoin retreated by a significant percentage after nearly reaching the psychological 95,000 dollars mark recently. Selling pressure increased drastically near the all-time highs of this period. Likewise, trading volume reflects a lack of buying interest at the current upper resistance levels. Therefore, the asset now sits dangerously close to its 2026 yearly opening price.
Keith Alan noted that there is a cluster of critical technical support in the 87,500 dollars range. However, the appearance of a macro death cross on the weekly charts generates great concern. Any temporary rally should be considered a sell opportunity before the decline deepens further. Thus, technical indicators suggest that the market structure is seriously damaged.
The path toward final capitulation in the crypto asset market
Trader Roman, who predicted the macroeconomic imbalance throughout 2025, maintains his negative stance. He ensures that the sideways movement is a simple necessary reset for the price to seek deeper lows. Therefore, the support level from last April is emerging as the final destination of the current descent. Additionally, high-timeframe metrics show structural weakness that cannot be easily ignored.
On the other hand, open interest in futures contracts is reaching new all-time highs today. However, the price is slowly sliding down while exchanges show significant discounts. Bears dominate the global market sentiment for cryptocurrencies after the failure of the last bullish breakout. Thus, the divergence between trader interest and the actual price is alarming.
Will technical support be able to stop the fall toward yearly lows?
Analysts like Daan Crypto Trades consider it unlikely that January’s monthly low will hold for long. According to their analysis, all monthly candles usually leave deep wicks below the initial opening price. Fresh volatility is necessary to find a floor that is truly firm and reliable for everyone. Therefore, a drop below 87,500 dollars could be healthy in the long run.
In summary, the inability to overcome the 95,000 dollars resistance has left the market in a vulnerable position. Buyer exhaustion is evident across all timeframes analyzed by financial experts. Finally, the resolution of the current bearish structure will depend on how the price reacts at institutional demand levels. Uncertainty is expected to continue until the asset finds solid and validated support.
