Why did Bitcoin USD drop 0.79% on January 8, 2026?

Bitcoin declined due to profit-taking after rallying near $95,000 earlier in the week. ETF outflows of $243 million and liquidations exceeding $440 million accelerated the pullback. Technical overbought conditions (CCI at 189.44) also triggered selling pressure as traders locked in gains.

What is the Bitcoin USD price forecast for 2026?

Monthly forecast: $95,858.57 (2.12% upside). Quarterly: $135,658.38 (44.4% gain). Yearly: $93,717.01 (consolidation). Three-year: $117,056.86. Five-year: $140,315.28. Forecasts depend on regulatory clarity and institutional adoption.

Is Bitcoin USD overbought or oversold right now?

Bitcoin shows mixed signals. RSI at 55.08 is neutral, but CCI at 189.44 and Stochastic %K at 84.71 indicate overbought conditions. This suggests short-term consolidation is likely before the next directional move.

What are the key support and resistance levels for Bitcoin USD?

Support: $91,479.28 (day low), $89,243.98 (50-day MA), $84,187.70 (Bollinger lower band). Resistance: $94,825.27 (day high), $96,541.14 (Keltner upper), $106,601.45 (200-day MA).

How are Bitcoin ETFs performing as of January 8, 2026?

Mixed flows: BlackRock's IBIT saw $228M inflows, but Fidelity's FBTC led redemptions at $312M. Net outflows totaled $243M on Tuesday, reflecting profit-taking and position rotation among institutional investors.

What catalysts could push Bitcoin USD higher in 2026?

Senate vote on the Clarity Act (expected next week), Morgan Stanley's spot Bitcoin ETF approval, stable equity markets, and reduced regulatory uncertainty. Positive developments could drive Bitcoin toward $100,000 and beyond.

Crypto Insights

Bitcoin USD Dips 0.79% as ETF Outflows Signal Profit-Taking

ByDanny Kontos January 8, 2026January 8, 2026

Bitcoin USD (BTCUSD) is trading at $93,870.06 as of January 8, 2026, down 0.79% over the past 24 hours. The decline comes after a brief rally that pushed the asset near $95,000 earlier this week. Market data shows Bitcoin ETF outflows of $243 million on Tuesday, with liquidations exceeding $440 million across derivatives markets. This pullback reflects profit-taking pressure following Bitcoin’s 7% gain since the start of 2026. Analysts note that while the broader trend remains supportive, short-term consolidation is likely as traders reassess positions ahead of key regulatory developments.