NewsBTC
Jan 8, 2026
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Bitcoin Price Struggles Below $92,000 Amid Downside Correction

Bitcoin is experiencing a downside correction, dropping below critical levels.

  • BTC traded under $92,000 and the 100 hourly Simple Moving Average.
  • A bearish trend line is forming with resistance at $92,650 on the BTC/USD hourly chart.
  • The price tested the $90,650 level, forming a low at $90,666 before consolidating losses.

Current Market Analysis

  • Immediate resistance levels are at $91,400 and $92,200, with further barriers at $93,050 and potentially up to $94,500.
  • If BTC remains stable above $90,500, it may attempt a rebound.

Bitcoin Price

Potential Downside Risks

  • If BTC fails to break the $92,500 resistance, it could decline further.
  • Key support levels are at $90,500 and $90,000, with additional support at $89,000.
  • Further declines might push the price towards $87,200 or even $86,000.

Technical indicators suggest bearish momentum:

  • Hourly MACD is gaining pace in the bearish zone.
  • Hourly RSI is below the 50 level.