The post Bitcoin Price Prediction: BTC Price Must Reclaim $94K Golden Pocket to Avoid Further Drop appeared on BitcoinEthereumNews.com.

Bitcoin is approaching a key technical threshold as it attempts to reclaim the $94,000 Golden Pocket, a level that could determine whether short-term bullish momentum is restored. In January 2026, BTC experienced significant volatility, with price action fluctuating between $83,000 and $96,000. Traders and analysts are closely monitoring this period as it may define Bitcoin’s immediate trend. Observations from real-time trading charts and historical EMA reactions suggest that reclaiming $94,000 is crucial for avoiding further downside pressure. Current Market Structure and Key Levels BTC/USD has been trading within a descending channel on the daily and 4-hour charts, showing a clear pattern of lower highs and lower lows over the past several weeks. On January 21–25, Bitcoin attempted to break above the $94,000 level (the Golden Pocket) but stalled, with declining trading volume indicating a lack of conviction behind the move. Bitcoin struggles to reclaim $94K as support at $85,800 is tested, with risk of a drop toward $74,500. Source: aj_texas on TradingView “On the 4-hour chart, BTC briefly reclaimed the prior trade zone on lower volume before stalling—suggesting participation remains cautious rather than conviction-driven,” noted crypto trader Shardi B, known for her multi-cycle EMA-based BTC analysis. The Golden Pocket corresponds to the 0.618 Fibonacci retracement of Bitcoin’s recent impulse move, a level that has historically acted as both support and resistance during trend reversals. When BTC failed to sustain a close above this zone on January 13, the area shifted from support to resistance, limiting immediate bullish momentum. Short-Term Support Challenges Below the Golden Pocket, Bitcoin is testing the 0.786 Fibonacci retracement near $85,800—a historically reactive level where trend continuation or breakdown has previously occurred (notably in Q3 2023 and Q1 2024 post-impulse consolidations). An X post warns Bitcoin may retest $83K–$85K if it fails to break $90K after a…

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Filed under: News - @ January 29, 2026 6:21 am