NewsBTC
Jan 22, 2026
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Bitcoin Price Dips Below $89,000 Amid Consolidation Efforts

Bitcoin's price has experienced a decline, falling below key support levels such as $90,000 and $89,500. Currently, Bitcoin is trading under $90,500 and the 100 hourly Simple Moving Average.

  • Bitcoin dropped to a low of $87,200 and is now consolidating losses.
  • Resistance levels are forming at $90,300 and $93,000 on the BTC/USD hourly chart.
  • The price could attempt a recovery if it stabilizes above $88,000, with immediate resistance near $90,500.
  • A close above $91,350 may lead to further gains towards $93,000, $94,000, and potentially $95,500.

Bitcoin Price

If Bitcoin cannot surpass the $91,350 resistance, it may face further declines. Key support levels are at $89,150, $88,000, and $87,200. Losses beyond these points could push the price towards $86,500 and possibly $85,500.

  • The MACD indicator is losing momentum in the bearish zone.
  • The RSI for BTC/USD is above 50, indicating potential stabilization.
  • Major support levels: $89,150, $88,000.
  • Major resistance levels: $91,350, $92,000.