Bitcoin Bears Face Extreme Pressure as Price Holds $86,400 Support, Analyst Says

Crypto market analyst Axel Adler Jr. said on Jan. 27 that Bitcoin has entered a key decision zone, with $86,400 acting as critical support separating bullish and bearish scenarios. A breakdown below $86,400 could open a path toward lower channel reassessment, while holding this level may allow a bottom to form and set the stage for a potential reversal, Adler Jr. said. The Bitcoin derivatives market pressure index shows selling pressure at an extreme, yet price has not fallen in tandem, suggesting either active absorption of sell orders at current levels or a build-up that could trigger a sharp decline if support fails. The market is in a tense balance, with the strongest monthly selling pressure facing resistance that could reflect either strong support or a final pause before a possible breakdown, he said.