Bitcoin’s major safety net just snapped. Why a drop below $85,000 might risk more selloff

Market Intelligence Analysis

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Why This Matters

Bitcoin's price has fallen below a key support level of $85,000, potentially risking further selloffs and a drop to $75,000.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Bitcoin price just fell through that price floor it's been bouncing off for two months. Now charts might be pointing to $75,000 as next level to watch.

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Original article published by CoinDesk on January 29, 2026.
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