NewsBTC
Jan 19, 2026
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Bitcoin Price Declines Below $93,500 Amid Risk of Further Losses

Bitcoin Price Analysis:

  • Bitcoin is experiencing a decline, trading below $95,000 and $94,000.
  • The price is currently below $93,500 and the 100 hourly Simple Moving Average (SMA).
  • A break occurred below a declining channel with support at $93,550 on the BTC/USD hourly chart.
  • If Bitcoin remains under the $95,000 zone, further declines are possible.

Current Price Movements

  • Bitcoin dropped beneath key support levels at $94,500 and $93,500.
  • The price fell below the 61.8% Fib retracement from $89,995 to $97,898.
  • A spike was observed below $92,000, testing the 76.4% Fib level of the same range.
  • Bitcoin is now below $93,500 and the 100-hour SMA.

Bitcoin Price

Potential for Recovery

  • If Bitcoin remains stable above $92,000, a rebound could occur.
  • Resistance levels are at $93,000 and $93,500.
  • Breaking above $94,000 may lead to further gains towards $95,000 and potentially $96,200-$96,400.

Downside Risks

  • Failure to surpass $93,500 could trigger another drop.
  • Support levels are at $92,000, $91,800, and $90,500.
  • Main support is at $90,000; falling below this could accelerate losses.

Technical Indicators:

  • Hourly MACD: Losing momentum in the bearish zone.
  • Hourly RSI: Below 50, indicating weakness.
  • Key Support Levels: $92,000, $91,800.
  • Key Resistance Levels: $93,000, $93,500.