Bitcoin fell below $90,000 on Tuesday amid global market jitters tied to US‑EU tensions and moves in Japanese bond markets. The decline followed weekend trading near $95,000 and left BTC testing support around $87,000.
Daily charts show a bear-flag pattern after a nearly 32% fall from about $126,000 to $85,000. As posted by Crypto Patel, “$BTC is testing critical $87K bear flag channel support. Breakdown and sustained close below this level opens path to $60K liquidity zone.”
Veteran trader Peter Brandt also flagged risk of a drop into the $58,000–$62,000 range. That target would mark roughly another 31% decline from current levels.
Michaël van de Poppe said the chart shows fresh lows and RSI near oversold readings. He tweeted, “We could see a short-term bounce, not a reversal.”
Bond yields rose while gold gained, and geopolitical concerns weighed on sentiment ahead of Davos. Traders expect more volatility as world leaders meet this week.
CoinGlass data showed over $1 billion in leveraged crypto positions were wiped out during the slide. Data shows increased large‑wallet activity and net taker volume on Binance Futures fell about $319 million, signaling heavy selling pressure.
