BitcoinMarketsSolana
|3 min ReadBitcoin Plunges Below 90,000 as Experts Eye 75,000 Bottom
Carter Hayes
Senior Analyst
Published
Jan 16, 2026
Bitcoin has dropped below $90,000 for the first time in seven months. It is ugly out there. We are looking at a daily drop of almost 6 percent and we are down nearly 30 percent from the highs. Everyone is asking the same question: When does the bleeding stop? The smart money is analyzing the crash, and some of them think we have a lot lower to go before we see the moon again.
The Road to 75,000
The bears are making a lot of noise right now. Chris Burniske from Placeholder VC says the top is in. He is waiting for Bitcoin to fall all the way to $75,000—or even lower—before he starts buying again. He says the October crash did lasting damage to the market. It is hard to find buyers right now. He points to cracks in the monthly charts for BTC and ETH. Look at MicroStrategy stock slipping. Look at gold. Look at the credit markets. These are warning signs of a much broader correction.
Economist Hong Hao agrees. He says Bitcoin falling to $92,000 is just the start. He believes we won't see meaningful support until we hit the $70,000 range. That is a long way down.
Even the technical analysts are seeing a grind. Chinese analyst Banmuxia predicts a complex, messy road ahead. We might dip to $94,500, bounce back to $116,000 to trap the bulls, and then slowly bleed out to $84,000. It is going to be a bumpy ride.
The Setup for a Massive Rally
But you know Arthur Hayes. He always has a plan. The BitMEX co-founder thinks Bitcoin will test $80,000 to $85,000 first. He sees a credit event brewing because stocks are high while Bitcoin is dumping. But here is the catch: if the risk markets crash, the Fed and the Treasury will have to turn on the money printers. If they accelerate the printing, Hayes predicts Bitcoin could rocket to $200,000 or even $250,000 by the end of the year.
Yi Lihua from Liquid Capital is telling everyone to stay calm. He says this is the absolute best time to buy spot. Be greedy when others are fearful. The bad news is out. Buying here is a much better choice than selling.
Waiting for Thanksgiving
So when do we get relief? Tom Lee from Bitmine says we need six to eight weeks to fix the liquidity gaps in the market. The market makers took a hit. But he expects things to calm down after Thanksgiving. He says the pain is short-term and the Ethereum supercycle is still alive. Wall Street is still building.
Some traders aren't waiting. Eugene Ng Ah Sio says he is already going long on ETH and SOL. The indicators are oversold. He thinks it is time to take some risk while everyone else is panicked.
Disclaimer: This document is intended for informational and entertainment purposes only. The views expressed in this document are not, and should not be taken as, investment advice or recommendations. Recipients should do their own due diligence, taking into account their specific financial circumstances, investment objectives and risk tolerance, which are not considered here, before investing. This document is not an offer, or the solicitation of an offer, to buy or sell any of the assets mentioned.