{"id":128067,"date":"2026-01-19T02:51:06","date_gmt":"2026-01-19T02:51:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=128067"},"modified":"2026-01-19T02:51:06","modified_gmt":"2026-01-19T02:51:06","slug":"bitcoin-price-sharp-pullback-raises-one-question-will-92k-hold","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=128067","title":{"rendered":"Bitcoin Price Sharp Pullback Raises One Question: Will $92K Hold?"},"content":{"rendered":"

Bitcoin price started a fresh decline below $95,000. BTC is consolidating losses and remains at risk of more losses if it dips below $92,000.<\/em><\/p>\n

Bitcoin started a sharp decline below $95,000 and $94,000.
\nThe price is trading below $93,500 and the 100 hourly Simple moving average.
\nThere was a break below a declining channel with support at $93,550 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 $954000 zone.<\/p>\n

Bitcoin Price Dips Sharply<\/h2>\n

Bitcoin price failed to stay above the $94,500 support<\/a> and started a fresh decline. BTC declined sharply below the $94,000 and $93,500 support levels.<\/p>\n

There was a move below the 61.8% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high. Besides, there was a break below a declining channel with support at $93,550 on the hourly chart of the BTC\/USD pair.<\/p>\n

The price even spiked below $92,000. It tested the 76.4% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high. Bitcoin is now trading below $93,500 and the 100 hourly Simple moving average<\/a>.<\/p>\n

If the price remains stable above $92,000, it could attempt a fresh increase. Immediate resistance is near the $93,000 level. The first key resistance is near the $93,500 level.<\/p>\n

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

The next resistance could be $94,000. A close above the $94,000 resistance might send the price further higher. In the stated case, the price could rise and test the $95,000 resistance. Any more gains might send the price toward the $95,500 level. The next barrier for the bulls could be $96,200 and $96,400.<\/p>\n

Downside Continuation In BTC?<\/h2>\n

If Bitcoin fails to rise above the $93,500 resistance zone, it could start another decline. Immediate support is near the $92,000 level. The first major support is near the $91,800 level.<\/p>\n

The next support is now near the $91,300 zone. Any more losses might send the price toward the $90,500 support in the near term. The main support sits at $90,000, below which BTC might accelerate lower in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing 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 $92,000, followed by $91,800.<\/p>\n

Major Resistance Levels \u2013 $93,000 and $93,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline below $95,000. BTC is consolidating losses and remains at risk of more losses if it dips below $92,000. Bitcoin started a sharp decline below $95,000 and $94,000. The price is trading below $93,500 and the 100 hourly Simple moving average. There was a break below a declining channel with […]<\/p>\n","protected":false},"author":0,"featured_media":128068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128067","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\/128067"}],"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=128067"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128068"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}