{"id":125507,"date":"2026-01-08T02:32:27","date_gmt":"2026-01-08T02:32:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=125507"},"modified":"2026-01-08T02:32:27","modified_gmt":"2026-01-08T02:32:27","slug":"bitcoin-price-dips-further-setting-up-a-high-stakes-support-moment","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=125507","title":{"rendered":"Bitcoin Price Dips Further, Setting Up a High-Stakes Support Moment"},"content":{"rendered":"

Bitcoin price started a downside correction from $94,500. BTC is now struggling and might dip toward the key support at $89,000.<\/em><\/p>\n

Bitcoin started a downside correction and traded below the $92,000 zone.
\nThe price is trading below $92,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $92,650 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move down if it stays below the $92,500 zone.<\/p>\n

Bitcoin Price Starts Downside Correction<\/h2>\n

Bitcoin price failed to stay above $94,000 and started a downside correction<\/a>. BTC dipped below $93,200 and $92,500 to enter a short-term bearish zone.<\/p>\n

The price even dipped below $92,000 and tested $90,650. A low was formed at $90,666 and the price is now consolidating losses. It tested the 23.6% Fib retracement level of the recent decline from the $93,771 swing high to the $90,666 low.<\/p>\n

Bitcoin is now trading below $92,000 and the 100 hourly Simple moving average<\/a>. Besides, there is a bearish trend line forming with resistance at $92,650 on the hourly chart of the BTC\/USD pair.<\/p>\n

If the price remains stable above $90,500, it could attempt a fresh increase. Immediate resistance is near the $91,400 level. The first key resistance is near the $92,200 level and the 50% Fib retracement level of the recent decline from the $93,771 swing high to the $90,666 low.<\/p>\n

<\/a><\/p>\n

The next resistance could be $92,500. A close above the $92,500 resistance might send the price further higher. In the stated case, the price could rise and test the $93,050 resistance. Any more gains might send the price toward the $93,800 level. The next barrier for the bulls could be $94,000 and $94,500.<\/p>\n

More Downsides In BTC?<\/h2>\n

If Bitcoin fails to rise above the $92,500 resistance zone, it could start another decline. Immediate support is near the $90,500 level. The first major support is near the $90,000 level.<\/p>\n

The next support is now near the $89,000 zone. Any more losses might send the price toward the $87,200 support in the near term. The main support sits at $86,000, below which BTC might accelerate lower in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $90,500, followed by $90,000.<\/p>\n

Major Resistance Levels \u2013 $92,200 and $92,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a downside correction from $94,500. BTC is now struggling and might dip toward the key support at $89,000. Bitcoin started a downside correction and traded below the $92,000 zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":125508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-125507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125507"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125507"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/125508"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}