Bitcoin price is once again under pressure after failing to hold its early-2026 recovery. Bearish sentiment is returning across the market as BTC was rejected near the $95,000 resistance zone and slipped back toward its yearly open. Traders now argue that the recent rebound was not the start of a new uptrend, but a reset within a broader bearish structure.
Bitcoin price loses momentum after $95K rejection
After briefly pushing toward $95,000, BTC/USD has retreated close to $90,000, raising concerns that bulls are losing control. Data from TradingView shows price hovering near the 2026 open, with intraday action threatening a deeper breakdown.
According to Keith Alan, the latest move higher failed to confirm a bullish breakout. In a post on X, he described the rejection as decisive and warned that downside risk remains elevated.
Alan pointed to a key technical support cluster between $87,500 and $89,000. He also highlighted the development of a potential macro “death cross” on the weekly chart, suggesting that any short-term bounce could still be a selling opportunity rather than the start of a sustained rally.
Bitcoin bears keep control across higher timeframes
Bearish Bitcoin price forecasts are not limited to one voice. Longtime market skeptic Trader Roman reiterated his view that BTC is headed significantly lower in the coming weeks.
With Bitcoin now trading below $90,000, Roman maintained his near-term target of $76,000, a level last seen in April. He described the current sideways movement as a pause before continuation lower, emphasizing that higher timeframes remain decisively bearish with no clear signs of trend reversal.
In his view, the failure to reclaim key resistance levels confirms that the broader Bitcoin market structure is still weak.
Why a deeper BTC pullback could be healthy
Not all traders see downside volatility as entirely negative. Daan Crypto Trades argued that January’s trading range is unlikely to hold, based on historical price behavior.
He noted that every month over the past two years has produced a deeper wick below the monthly open than seen so far this month. This pattern, he explained, often signals that early strength can be misleading and followed by sharper moves later.
January’s current low sits just below $87,500. Daan suggested that a clean break below this level could help Bitcoin form a stronger long-term base, reducing the risk of a larger reversal further down the line.
Bitcoin outlook remains cautious into 2026
With BTC price struggling below major resistance and bearish signals building on higher timeframes, traders remain cautious about calling a trend reversal. For now, many see the market as consolidating before another decisive move, with $76,000 increasingly discussed as a potential downside target.
Until Bitcoin can reclaim key levels above the 2026 open and show sustained strength, the dominant narrative remains one of risk management rather than renewed bullish confidence.
