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2% drop, and challenges bottom trendline of bearish reversal pattern called head and shoulder.
Coinglass * The crypto market was flooded with the liquidation of more than 226,164 traders today’s sell-off, and total liquidations at $1. 1 billion – 01 billion.
- A sentiment shift marked Bitcoin’s weakest social outlook since November 21, 2025.
Crypto market A major sell-off pushed the Bitcoin price below $84,000 on Thursday, January 29th as it was sold to the crypto market. With Fed’s rate stopped at 3 because of a slowdown, the rapid bearish momentum can be blamed on macro economic headwinds. 50-3,. dissent for cuts and 75% of s reinforced warning. Furthermore, the market was reformed as investors fled risk assets such as stocks and cryptocurrencies to traditional money like Gold. Will $BTC price loss be a result of ?
$BTC Under Pressure as Fed Signals Caution and Spot ETF Outflows Persist
At $84,288, the Bitcoin price trades at 84,000-288 by the press time, a intraday loss of 5-5 for each day. 5 per cent . The slash was consistent with continued caution in world financial markets after the Federal Reserve decision to maintain its target interest rate range of 3 (the move lower). Paraphrasing 50-3, 3. 73 per cent of s, 75 percent.
Several Fed officials recently sent messages suggesting a cautious approach to future changes, including prohibiting forward-looking expectation of rapid policy loosening and encouraging reposition away from risk-sensitive positions. ’ .
Moreover, the U.S. The large outflows of last January were still seen in S-based place $BTC ETF, where a significant number of outpourings continued to occur. And Sosovalue says that these ETFs collectively witnessed an -$19 per cent of the total number of members. Wednesday’s outflow of 64 million was another step in re-inforcing the market selling pressure on sellers.
In a recent tweet, on-chain analytics platform Santiment, there was clearly an explosion of negative comments towards Bitcoin that reached the most bearish outlook so far in 2026. As the price entered the $84,200 zone – its lowest reading since last November 21, 2025, positive-to-negative commentary ratio on the platform dramatically dropped with negative sentiment volumes spiking prominently.
This pattern was similar to previous times of sharp negativity experienced during similar pullbacks such as mid-December 2025.
Further considerations were varying performances in other asset classes equity indices came under pressure from some of the corporate updates, while precious metals had interim reversals after earlier advances, leading to uneven flows that affected crypto dynamics.
Trading liquidity in the digital asset venues remained relatively thin, with continued cross-market movement and persistence of high short-term volatility.
Bitcoin Price Risk Major Downturn As Head and Shoulders Pattern Emerges
The Bitcoin price has lost 14% of its value, with a V-top reverse from $97,340 to $84,300 in the past two weeks. But this pullback shows a new low-level formation, which suggests’sell-the-bounce sentiment still exists among market participants in its sell-to-bet.
This slashed $BTC price, supported by growing trading volume (backed by the lower dollar) further emphasizes the seller’s belief to drive a long decline. But if the coin price goes down another 2% and continues to sell, it could challenge a long-running support trendline at $82,600 with continued selling.
This support trendline is part of a traditional reverse pattern called head and shoulders, according to an analysis of the daily chart. Chart setup Three peaks are found in the chart setup; left shoulder, middle head and right shoulder.
But if the pattern is true, then the coin price would drop below bottom trendline and accelerate market selling pressure. Post-breakdown fall could push the price to $80,500 and a dip to $75, 500.
The momentum indicator ADX at 25% indicates that the sellers have sufficient room to drive a prolonged downtrend.
$BTC
/USDT -1d Chart
The reverse is that if buyers were to hold the same trendline, then Bitcoin price could go into a short-consolidation phase in order to recover its bullish momentum.
Thanks for reading Bitcoin Price Challenge Key Support as Risk-Off Mood Intensifies
