BITCOIN PRICE FORECAST: ETF SELLING ACCELERATES AS DAVOS DISCUSSIONS SPOTLIGHT $86K
Bitcoin is facing renewed pressure around the $89,800 level as several negative factors hit the market at the same time. Investor sentiment has weakened due to rising macroeconomic uncertainty, continued ETF outflows, and growing technical weakness on the charts.
SOUTH KOREAN CUSTOMS CRACK DOWN ON $101.7M CRYPTO FRAUD OPERATION
Concerns intensified after a heated debate at the Davos forum questioned Bitcoin’s long-term role, while US stock markets fell sharply following fresh tariff-related fears. Adding to the pressure, nearly $500 million flowed out of Bitcoin ETFs, signaling caution among institutional investors.
Still, the broader picture is not entirely bearish. Large holders continue to accumulate Bitcoin, and its fixed supply narrative remains a strong long-term support. However, from a technical perspective, analysts are now closely watching $86,000 as a key downside level that could be tested if selling pressure continues.
Coinbase CEO Defends Bitcoin at Davos: “There Is No Issuer”
At the World Economic Forum in Davos, Coinbase CEO Brian Armstrong strongly defended Bitcoin during a heated exchange with François Villeroy de Galhau, Governor of France’s central bank. The debate unfolded during a panel on tokenization, where the French official questioned Bitcoin’s legitimacy and said he trusted independent central banks more than what he described as “private issuers” of cryptocurrency.
Armstrong pushed back by stressing that Bitcoin has no issuer at all. He highlighted BTC’s fixed supply and the absence of any “money printer,” arguing that Bitcoin, much like gold, acts as a safeguard against excessive government spending and monetary expansion.
Despite recent market volatility, Armstrong reaffirmed his long-term outlook, repeating his view that Bitcoin could reach $1 million by 2030. He encouraged investors to look beyond short-term price swings and focus on long-term adoption. Such high-profile debates continue to strengthen Bitcoin’s image as a neutral, decentralized asset, supporting broader acceptance over time.
Bitcoin and Ether ETFs Face Heavy Outflows as Institutions Turn Defensive
Institutional investors have recently pulled back from crypto exposure, leading to sharp outflows from spot ETFs. On Tuesday alone, $483 million exited spot Bitcoin ETFs, with Grayscale’s GBTC and Fidelity’s FBTC accounting for most of the withdrawals. Ether ETFs also saw $230 million in outflows, ending a five-day inflow streak. XRP ETFs recorded their largest withdrawals on record, while Solana ETFs saw only modest inflows.
This shift reflects rising caution as global macroeconomic risks grow. Increasing US–EU trade tensions, tariff concerns, and a sell-off in Japanese government bonds have tightened global liquidity. As a result, Bitcoin slipped below $89,000, while Ether fell under $3,000.
Still, on-chain data shows that large Bitcoin holders continue to accumulate. While ETF outflows may weigh on prices in the short term, whale activity suggests long-term confidence remains intact. Institutional demand could return quickly once macro uncertainty eases.
Bitcoin Price Prediction: $89K Breakdown Brings $86K Support Into View
Bitcoin’s technical outlook has turned bearish after BTC failed to hold above $92,000–$93,000 and slipped toward $89,800. On the 2-hour chart, the price broke below the January uptrend’s rising trendline, signaling a loss of structure rather than a simple pullback.
The decline unfolded inside a descending channel, with both the 50-EMA and 200-EMA now acting as resistance near $92,000. The move aligns with a 38.2% Fibonacci retracement, reinforcing the current consolidation zone. Key support levels sit at $87,400 and $85,900, while resistance remains at $90,400 and $92,300.
The RSI has rebounded from oversold conditions near 25 but remains below 50, suggesting weak momentum and no clear trend reversal yet.
Trade idea:
- Sell below: $90,500
- Target: $86,000
- Stop-loss: $92,600
Bitcoin Hyper ($HYPER): Bringing Solana-Speed Innovation to Bitcoin
Bitcoin Hyper ($HYPER) aims to introduce a new layer of functionality to the Bitcoin ecosystem. While Bitcoin is known for its unmatched security, Bitcoin Hyper focuses on what BTC has historically lacked—speed and flexibility. By combining Bitcoin’s security with Solana-level performance, the project enables fast, low-cost smart contracts, decentralized apps, and even meme coin creation.
The project has been audited by Consult, highlighting its focus on security and scalability. Investor interest is already strong, with the presale raising more than $30.8 million so far. Tokens are currently priced at $0.013605, ahead of the next price increase.
As demand grows for efficient Bitcoin-based applications, Bitcoin Hyper positions itself as a bridge between two of crypto’s largest ecosystems. If Bitcoin laid the foundation, Bitcoin Hyper could help make it faster, more versatile, and more engaging for the next wave of users.
