Analyst: Bitcoin's Bounce Momentum Weakens, Could Fall to $76,000

**Bitcoin Pulls Back Toward Year’s Open After Near-$95k Peak (Jan 8) – Cointelegraph** Bitcoin has fallen back to near its year-opening price after climbing to nearly $95,000, with intraday risks of dipping below $90,000, per Cointelegraph. Material Indicators co-founder Keith Alan noted: *“Bitcoin’s initial breakout attempt has been clearly rejected.”* Earlier this week, he flagged bearish pressure on higher timeframes, highlighting key technical support in the $87,500–$89,000 range. Alan added: *“A macro death cross is likely to form on the weekly chart later this month. Any upcoming rebounds should be treated as a ‘sell the high’ opportunity unless evidence suggests otherwise.”* Trader Roman—who has repeatedly warned of Bitcoin’s 2025 macro downside risk—reiterated a short-term target of $76,000 (last seen in April this year). *“At ~$89,000 now, downside remains intact,”* he said. *“I still expect $76k to hit—this consolidation is just a reset to get there. No reversal signs yet, and higher timeframes stay very bearish.”*