{"id":128322,"date":"2026-01-20T02:43:19","date_gmt":"2026-01-20T02:43:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=128322"},"modified":"2026-01-20T02:43:19","modified_gmt":"2026-01-20T02:43:19","slug":"bitcoin-price-action-turns-unsteady-downside-threat-grow","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=128322","title":{"rendered":"Bitcoin Price Action Turns Unsteady, Downside Threat Grow"},"content":{"rendered":"

Bitcoin price started a fresh decline below $94,000. BTC is consolidating losses and remains at risk of more losses if it dips below $91,500.<\/em><\/p>\n

Bitcoin started a sharp decline below $94,000 and $93,000.
\nThe price is trading below $93,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $94,600 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 $94,000 zone.<\/p>\n

Bitcoin Price Turns Red<\/h2>\n

Bitcoin price failed to stay above the $93,500 support and started a fresh decline<\/a>. BTC declined sharply below the $93,000 and $92,500 support levels.<\/p>\n

The bears even pushed the price below $92,000. A low was formed at $91,866, and the price is now consolidating losses. There was a minor recovery wave above the 23.6% Fib retracement level of the recent decline from the $95,475 swing high to the $91,866 low.<\/p>\n

However, the bears remained active near $93,200. Besides, there is a bearish trend line<\/a> forming with resistance at $94,600 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $93,000 and the 100 hourly Simple moving average. If the price remains stable above $92,000, it could attempt a fresh increase. Immediate resistance is near the $92,800 level. The first key resistance is near the $93,200 level.<\/p>\n

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

The next resistance could be $93,650 or the 50% Fib retracement level of the recent decline from the $95,475 swing high to the $91,866 low. A close above the $93,650 resistance might send the price further higher. In the stated case, the price could rise and test the $94,000 resistance. Any more gains might send the price toward the $94,500 level. The next barrier for the bulls could be $95,000 and $95,500.<\/p>\n

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

If Bitcoin fails to rise above the $93,650 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 $91,200 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 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 $92,000, followed by $91,800.<\/p>\n

Major Resistance Levels \u2013 $93,650 and $94,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline below $94,000. BTC is consolidating losses and remains at risk of more losses if it dips below $91,500. Bitcoin started a sharp decline below $94,000 and $93,000. The price is trading below $93,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":128323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128322","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\/128322"}],"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=128322"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128323"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}