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Analyst: Bitcoin Support Level Around $85,000, Range-Bound Movement Expected in the Second Half of the Month

2026-01-19 04:03

BlockBeats News, January 19th, according to Decrypt, Bitcoin briefly fell below $92,000, with a 24-hour network-wide liquidation of over $865 million. Fisher8 Capital investment analyst Lai Yuen stated that the crypto market's decline was mainly due to the resurgence of the US-Europe trade war and market concerns about Trump's new round of tariff proposals.


Bitget's Chief Analyst Ryan Lee said: "The recent pullback in Bitcoin is more driven by changes in global risk sentiment rather than the cryptocurrency market's own fundamentals. Rising macroeconomic uncertainty, combined with profit-taking after the previous sharp rise, has led investors to adopt a more cautious strategy across various markets such as stocks, commodities, and digital assets." Looking ahead, Lee expects Bitcoin to maintain a range-bound pattern in the second half of January, with support possibly forming around $85,000.

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