NewsBTC
Jan 21, 2026
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Bitcoin Price Drops Below $90K as Decline Continues

Bitcoin Price Analysis

  • Bitcoin experienced a sharp decline below $92,000 and $90,000.
  • The price is currently trading under $90,000 and the 100 hourly Simple Moving Average.
  • A bearish trend line shows resistance at $94,200 on the BTC/USD hourly chart.
  • BTC risks further decline if it stays below the $92,000 level.

Current Price Movements

  • Bitcoin fell below key support levels of $92,500, $91,000, and $90,500.
  • A low was formed at $87,784, with minor recovery above $88,500.
  • The price remains below the 23.6% Fib retracement from $95,475 to $87,784.
  • Immediate resistance levels are at $89,600 and $90,000.
  • Further resistance could be at $91,650 and potentially $92,000.

Bitcoin Price

Potential Decline

  • If Bitcoin fails to surpass the $91,650 resistance, another decline may occur.
  • Immediate support exists at $88,800 and major support at $88,000.
  • Further declines could target supports at $87,500 and $86,200, with main support at $85,000.

Technical Indicators

  • MACD is gaining momentum in the bearish zone.
  • RSI for BTC/USD is below the 50 level.
  • Major support levels: $88,800 and $88,000.
  • Major resistance levels: $91,650 and $92,000.