Bitcoin has the potential to continue its decline toward the nearest support level on Friday, January 23, 2026.

[Ben Graham]

[Bitcoin]

Although RSI(14) is in the Neutral-Bullish level, but both EMAs remain in a Death Cross, which indicates that sellers are still quite dominant so that there is a potential for Bitcoin to weaken toward its nearest support level.

Key Levels

1. Resistance. 2 : 91250.58

2. Resistance. 1 : 90259.77

3. Pivot : 89387.45

4. Support. 1 : 88396.64

5. Support. 2 : 87524.32

Tactical Scenario

Pressure Zone: If the price breaks down below 89,387.45, there is potential pressure pushing Bitcoin toward 88,396.64.

Momentum Extension Bias: If 88,396.64 is broken to the downside, Bitcoin could test 87,524.32.

Invalidation Level / Bias Revision

The downside bias is restrained if Bitcoin breaks out and closes above 91,250.58.

Technical Summary

EMA(50) : 89624.46

EMA(200): 90754.69

RSI(14) : 56.62

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - Flash Manufacturing PMI - 21:45 WIB

US - Flash Services PMI - 21:45 WIB

US - Revised UoM Consumer Sentiment - 22:00 WIB

US - Revised UoM Inflation Expectations - 22:00 WIB

US - CB Leading Index m/m - Tentative

The material has been provided by InstaForex Company - www.instaforex.com