Why did Bitcoin USD drop 0.79% despite earlier gains?

Bitcoin USD failed to sustain momentum above $95,000, triggering profit-taking and liquidations. Over $477 million in leveraged positions were liquidated in 24 hours, creating a cascade of forced selling that accelerated the downside move. This pullback is typical after rapid rallies when resistance levels reject price action.

What is the key support level for Bitcoin USD right now?

The critical support level is $91,479.28, which represents the day's low. Below this, the 50-day moving average at $89,211.16 provides the next support zone. A break below $89,000 could trigger additional selling toward the 200-day average at $106,546.70.

Is Bitcoin USD overbought or oversold based on RSI?

No. The RSI at 50.61 indicates neutral momentum, meaning Bitcoin USD is neither overbought (above 70) nor oversold (below 30). This neutral reading suggests the market lacks conviction and could move in either direction depending on the next catalyst.

What do technical indicators suggest about Bitcoin USD's next move?

The ADX at 27.93 confirms a strong trend is in place, but the MACD histogram at 882.33 with a negative signal line suggests bearish momentum is building. The Bollinger Bands show price is above the middle line but below the upper band, indicating room for either direction.

Could Bitcoin USD reach $135,000 in the next quarter?

The quarterly forecast targets $135,658.38, representing a 44.46% gain. This would require Bitcoin USD to break above $95,000 resistance and sustain buying pressure. However, forecasts may change due to market conditions, regulations, or unexpected events.

Crypto Insights

Bitcoin USD Retreats Below $94K as Liquidations Exceed $477M

ByDanny Kontos January 9, 2026January 9, 2026

Bitcoin USD (BTCUSD) is experiencing a pullback after failing to sustain momentum above $95,000. As of January 9, 2026, the cryptocurrency trades at $93,870.06, down 0.79% over the past 24 hours despite a 2.84% gain earlier in the week. The broader crypto market has cooled significantly, with total liquidations exceeding $477 million as traders unwind leveraged positions. Market data shows Bitcoin’s year-to-date performance remains positive at 11.39%, but the recent rejection at resistance levels has sparked debate about whether the early-year rally can recover. Understanding the technical setup and market dynamics behind this pullback is essential for tracking Bitcoin’s next major move.