Jan 21, 2026
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Bitcoin Drops to $90,600; Retest Zone May Determine Future Trend
Bitcoin Price Movement Analysis
- Bitcoin is under pressure, sliding toward the $90,600 region. This move raises concerns about short-term sentiment.
- The price is nearing a critical retest zone which will determine if this dip is a shakeout or the start of a deeper correction.
Recent Developments
- Bitcoin has dropped to approximately $90,623, indicating near-term weakness. The US market opening may exacerbate this pressure.
- A potential bullish setup could emerge if Bitcoin reclaims the $91,265 level, targeting resistance near $93,377.
- Bears consider current prices too low for aggressive shorts, focusing instead on the $93,000 resistance zone for potential rejection confirmation.
- If $93,377 is reclaimed, it signals a potential continuation to monthly highs. Without a bullish reversal, Bitcoin may remain range-bound and decline gradually.
Future Scenarios
- Path A: A bullish scenario where Bitcoin breaks through the $94,000 resistance and continues toward $100,000+, marking recent declines as a shakeout.
- Path B: A bearish scenario where a fakeout at $94,000 leads to a breakdown below $90,000, possibly dropping to the $88,000 area.
The $94,000 resistance zone remains crucial. Whether Bitcoin confirms strength or faces rejection will guide its next major move.