Bitcoin (BTC) Price Prediction: BTC Tests Critical Floor After Failed January Bounce
Bearish four-hour structure persists as Bitcoin stays below all major EMAs near term.
Failure at key Fibonacci levels signals heavy supply and limited rebound strength.
Rising outflows and easing open interest reflect defensive positioning, not capitulation.
Bitcoin entered late January under visible pressure as sellers kept control on the four-hour chart. After failing near the recent $97,900 peak, price action shifted decisively lower. Market participants observed a steady pattern of lower highs and lower lows.
Consequently, short-term sentiment turned cautious as Bitcoin traded beneath every major exponential moving average. This alignment reinforced expectations of further downside risk unless buyers regain critical levels.
Short-Term Structure Remains Fragile
Price behavior continues to reflect a bearish market structure. Bitcoin remains capped below th…
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