TL;DR
- Peter Brandt says Bitcoin stays bearish inside a bear channel unless it reclaims and holds $93,000 after falling more than 5.2% over seven days.
- BTC traded between $86,003.71 and $88,839.22, sitting near $87,933.88, up 0.27%, and Brandt says rallies stay noise until $93,000 to stabilize above it.
- Volume jumped 188.96% to $47.4 billion and ETF withdrawals ran for five straight days, leaving January at risk of a fourth monthly decline.
Bitcoin has spent January wobbling lower, and veteran chartist Peter Brandt has put a level at the center of the next decision. Brandt’s roadmap is simple: Bitcoin needs to reclaim $93,000 or the rebound stays unconvincing. Over the past seven days BTC is down more than 5.2%, and his read is that sellers still dictate structure until price can close and hold above that threshold. It is not a call for fireworks, but for confirmation that the market has changed. For risk managers, that line becomes a clear trigger for de-risking or re-levering.
Yet another sell signal in Bitcoin as a bear channel has been completed. Remember that charts can always morph. Price needs to reclaim $93k to negate $BTC pic.twitter.com/cD5PrUIkTr
— Peter Brandt (@PeterLBrandt) January 25, 2026
$93,000 Rebound Threshold
Brandt anchors the $93,000 marker to what he describes as a bear channel, a downward corridor of lower highs and lower lows. His point is that the channel’s moves look “completed,” so the default bias remains bearish. In that setup, price can drift, pause, or even bounce, yet still behave like a market preparing another leg down. The only way to invalidate the pattern, in his framing, is for buyers to push through $93,000 and then stabilize above it. Until it happens, he treats rallies as noise and keeps burden of proof on bulls.
On social media he called the structure “yet another sell signal,” while leaving room for charts to morph if price improves. That nuance matters because a reclaim of $93,000 would flip his story from defense to offense. In the last 24 hours, Bitcoin traded between $86,003.71 and $88,839.22. At the quoted snapshot, BTC sat near $87,933.88, up 0.27% on the day, still well below the level he wants to see. For now, that keeps momentum traders cautious. The takeaway is a market that can bounce, but has not yet earned the label of trend reversal.
Flow and activity metrics add urgency to the level watch. With volume up 188.96% to $47.4 billion, the tape suggests participation is rising even as conviction looks split. The figures cited alongside Brandt’s view tie the surge to institutional selling pressure, and they also point to ETF withdrawals for five consecutive days. If Bitcoin closes the month in the red, it would mark a fourth straight monthly decline. That backdrop turns $93,000 into a practical line for desks, a threshold that can reset sentiment, stabilize positioning, and reopen risk budgets swiftly. Risk budgets respond quickly.
