Turmoil in Bitcoin Market: A Grim Outlook?

Bitcoin‘s price has plummeted to a concerning low of $89,311, struggling to breach back past the critical threshold of $91,000. With the cryptocurrency’s continuous downward trend, investor sentiment remains bleak, exacerbated by falling trading volumes and open positions. However, what guidance does the crypto oracle offer amid this turbulence?

What Does the Crypto Oracle Foresee?

Roman Trading, a renowned figure in crypto analysis, emphasizes caution. Known for his past accurate forecasts, he interprets current price hikes as mere opportunities to offload investments. Previously, when Bitcoin soared above $120,000, he had cautioned of a steep drop to $80,000. Presently, Roman Trading predicts Bitcoin could slip below even the $89,000 mark.

His latest prediction suggests a target of $76,000, with the potential for an even more drastic fall to about $56,000.

“Currently at the $89,000 level, I believe it will fall further. I still anticipate a drop to the $76,000 level, and this lateral movement is merely a reset to reach there,”

he explains.

Should Roman Trading’s analysis hold true, the cryptocurrency market could encounter severe disruptions in 2026. For altcoins, this might mean losses surpassing 90%. Nonetheless, given the ongoing intense selling pressure, a temporary market pause spanning several weeks seems imminent; this reprieve might commence as early as next week.

What Are the Key Events to Watch?

Anticipation builds toward White House spokesperson Leavitt’s announcements at 21:00, with no other major events slated for the day. However, tomorrow could spark notable volatility, being packed with employment data releases and a crucial Supreme Court decision. Any pro-Trump ruling could alleviate stress on risk markets.

Over recent hours, some pivotal developments have emerged:

• A prohibition by Trump on institutional home purchases shook both real estate and Wall Street, as defense company dividends were rescinded but counterbalanced with pledged defense expenditure.
• Nvidia felt the pinch as China halted its H200 chip orders, affecting the AI sector.
• An impending January 15 joint session between Senate Committees to discuss crypto market structures, with progress noted in the CLARITY initiative.
• Senator Lummis announced nearing consensus on U.S. crypto regulation frameworks.
• An application for a banking license by Trump-linked World Liberty Financial is in process.
• Polymarket’s collaboration with Dow Jones aims to supply prediction data to high-profile publications.
• Ripple, foregoing a public offering, refocuses on internal growth and solidified finances.
• Rumble’s addition of Bitcoin tipping features, facilitated by MoonPay, benefits content creators.

Although the crypto landscape appears fraught with challenges, these developments are pivotal in understanding the market’s current trajectory and the potential shifts on the horizon.