**Bitcoin Struggles Near Key Support, Bearish Signs Point to Further Drop**

Over the weekend, Bitcoin stayed relatively calm, hovering around $90,000. But now, it’s slipping again and testing the critical $88,000 support level. As of now, Bitcoin is trading near $88,700. Experts are warning that upcoming global economic events could drive more price drops soon.

### Bitcoin Facing Key Resistance and Downward Pressure

Bitcoin has tried several times to break past the $94,000 resistance level—but failed each time. Every failed attempt makes the support weaker and raises the chances of a breakdown. On top of that, Japan might raise interest rates soon, which could unsettle global markets. Meanwhile, investors are watching U.S. job and inflation data closely. Another concern is the MSCI’s decision on January 15 to possibly remove MicroStrategy (MSTR), a major Bitcoin holder, from its index. All of this is making investors nervous.

Bitcoin has been stuck in a narrow trading range for a while, and this kind of tight movement usually leads to a breakout—either up or down. Right now, most signs suggest a downside move is more likely. Crypto analyst Crypto Tony says he’s waiting for a clear breakout before taking any positions. He’s watching two levels closely: $90,600 on the upside and $89,800 on the downside.

With prices now dipping below support, selling pressure could push Bitcoin down even further—possibly testing the $81,000 range. The market is cautious right now, and without strong buying interest, it’s getting harder for bulls to push prices higher.

### Analysts Predict Bitcoin Could Fall to $50,000

According to analysis on CryptoQuant, Bitcoin is showing clear signs of weakness. The price is trading below all key moving averages—short-term (7-day), medium-term (14-day), and long-term (30-day). These moving averages are also sloping downward, which is a bearish signal. Every time Bitcoin tries to rise, it hits resistance from these moving averages and fails to break through.

The lack of volume on these attempts shows that there isn’t much buying power behind them. That’s a red flag for anyone hoping for a rebound.

### Ethereum Shows Relative Strength but Lacks Momentum

Ethereum is holding up a bit better than Bitcoin and appears stronger on charts like Binance’s. But it’s still not showing enough momentum to confirm a real trend reversal. While Ethereum isn’t crashing, it also isn’t rallying either. Like Bitcoin, its price is still under key resistance levels and long-term moving averages are pointing down.

Overall trading volume remains low across the board, which means the market doesn’t have enough energy right now to fuel a big rally.

### What’s Next?

CryptoQuant analysts believe that Bitcoin’s recent rally is effectively over. Unless something changes fast—like a surge in buying volume or a strong shift in market sentiment—Bitcoin could fall much further. Their target? Around $50,000 before we see another strong upward movement.

Key phrases:
– Bitcoin support level
– Bitcoin resistance
– Ethereum price movement
– Crypto market outlook
– Bearish trend
– Moving averages
– Low volume
– Japan interest rate impact
– MSCI MSTR delisting
– U.S. inflation data

Stay cautious—this market may be headed for a deeper correction before any real recovery begins.