Bitcoin stayed within a broader uptrend on Jan. 19 despite a sharp one day decline that pushed prices lower across the session.
On the daily BTCUSD chart from Bitstamp, Bitcoin closed near $92,595, down about $1,041, or roughly 1.11%, from the previous day.
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The drop followed a short term rejection near recent highs, yet price action continued to respect rising structure on the higher time frame, pointing to a corrective move rather than a trend reversal.
The chart shows Bitcoin still trading above its rising trendline that has guided price since the late November low. Even after yesterday’s decline, price held above the 50 day exponential moving average, which sat near $92,344 at the time of the close.
That level has acted as dynamic support during prior pullbacks and remains intact. As a result, the broader bullish structure remains valid, with higher lows still visible on the daily timeframe.
From a structure perspective, Bitcoin previously broke down from a descending resistance line drawn from the October peak.
However, that breakdown transitioned into consolidation rather than sustained selling.
Price has since moved sideways to slightly higher, forming a shallow corrective range above key horizontal support zones. The area around $91,600 to $92,300 has absorbed repeated tests, signaling continued demand during dips.
Volume during the latest decline remained moderate and did not spike to levels typically associated with distribution.
That behavior supports the view that the move lower reflects profit taking after recent gains, not aggressive exit flows. In prior corrective phases within this trend, Bitcoin showed similar volume patterns before resuming upside movement.
Momentum indicators also point to consolidation rather than trend damage. The daily RSI eased to around 51.9 after briefly moving above 58 earlier in the week. While momentum cooled, it stayed well above oversold territory.
This reset allows the market to relieve short term pressure while maintaining room for another attempt higher if buying interest returns.
Key resistance remains layered above the market. Levels near $95,900 and $101,100 mark previous reaction zones that capped price during earlier advances. A sustained close above these areas would strengthen the bullish continuation case.
On the downside, a clean break below the rising trendline and the 50 day EMA would be required to challenge the current uptrend structure.
Overall, Bitcoin’s latest pullback fits the pattern of a corrective move within an established uptrend.
Despite losing ground over the past day, price continues to hold critical support levels. As long as those levels remain intact, the broader trend bias stays tilted to the upside rather than signaling a shift in direction.
Analyst Flags Bear Pattern as Bitcoin Tests Long Term Averages
A market analyst who posts on X as King of the Charts said Bitcoin has already peaked and started a new bear phase, citing a bear flag pattern on the weekly chart and repeated reactions around long term moving averages.
In a Jan. post, the analyst said Bitcoin “bounced off the 100 Week MA” and then formed what he described as a bear flag, a chart pattern often viewed as a continuation setup after a decline.
The analyst linked the setup to a measured move projection and said the pattern points to a downside target near $61,000. He wrote that such a move would bring Bitcoin back toward a lower rising trendline on his chart and closer to the 200 week moving average.
He also claimed that a drop to that area would match prior cycle drawdowns, saying Bitcoin has fallen a little over 50% at the start of earlier bear markets, based on his historical framing.
He described the current advance as a smaller relief rally rather than a larger rebound and said he expects a stronger bear market rally only after a deeper decline.
In his view, that later bounce would move price back toward the 50 week moving average. He also said he turned bearish after what he called a confirmed top on Oct. 6, 2025, adding that he used signals on both daily and weekly timeframes and that Bitcoin rejected two resistance trendlines around that period.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: January 19, 2026 • 🕓 Last updated: January 19, 2026
