Bitcoin is currently trading near $90,000 after recently failing to break through the $94,000 level. This indicates some hesitation from buyers near recent highs, though it doesn’t yet confirm a breakdown of the positive price trend.
Market analyst KillaXBT notes that Bitcoin is at a critical point, with equal potential for either a bullish or bearish outcome.
Bitcoin Aims for a Retest of $94,000, but a Drop to $87,000 is Possible
In a post on January 9, KillaXBT explained that Bitcoin’s price structure remains clear despite recent volatility, as it continues to react to well-defined technical levels. According to the analysis, $90,000 is a pivotal support level, which also aligns with a CME futures gap—an area traders often watch for potential price movements.
If Bitcoin loses support at $90,000, the next floor is around $87,500, corresponding to the 2026 yearly open. A break below that could lead to a further decline toward $86,800, an area identified as demand where buyers are expected to become more active. Such a move would confirm ongoing rejection at higher prices and reinforce short-term weakness.
Conversely, if Bitcoin holds above $90,000, it would signal acceptance at current levels, suggesting the market is comfortable trading here. In that case, a retest of the supply zone between $94,000 and $95,000 is possible, where sellers previously halted the rally. While another rejection could occur, this scenario would point to consolidation rather than distribution.
Bitcoin Could Fall to $75,000 if Key Condition Fails
In a separate post, KillaXBT shared additional insights, noting they maintain a short position opened around $93,900. However, they still expect Bitcoin to eventually push above recent highs, indicating they are not permanently bearish.
That said, if Bitcoin fails to establish a lower high within the next 30 days, KillaXBT forecasts a potential drop to $75,000—a decline of about 16.67% from current levels.
At the time of writing, Bitcoin is trading at $90,500, down 0.76% over the past 24 hours. Daily trading volume has decreased by 11.6% to $38.95 billion. Bitcoin remains the largest cryptocurrency with a market cap of $1.8 trillion, accounting for 58.5% of the total market.
Frequently Asked Questions
Frequently Asked Questions Bitcoin Holds Steady Around 90000
BeginnerLevel Questions
1 What does it mean when Bitcoins price holds steady
It means the price isnt making big moves up or down Its trading in a relatively narrow range like between 89500 and 90500 showing a period of balance between buyers and sellers
2 Why is the 90000 level significant
Large round numbers like 90000 often act as psychological barriers They can be areas where many traders place buy or sell orders making them key levels to watch for potential breakouts or rejections
3 Who is an analyst in this context and should I trust their price predictions
An analyst is typically someone who studies market trends charts and data to forecast potential price movements Their predictions are educated opinions not guarantees Its wise to consider multiple sources and do your own research
4 What are potential price levels
These are specific price points that analysts identify as likely targets if the price breaks out of its current range or key support levels where it might find a floor if it drops
5 Is now a good time to buy Bitcoin if its steady at 90000
Theres no onesizefitsall answer A steady price can indicate consolidation before a big move but the direction is unknown It depends on your investment strategy risk tolerance and whether you believe in the longterm value
Advanced Practical Questions
6 What technical indicators might analysts be looking at for these price levels
Analysts often look at
Support Resistance Previous highslows and consolidation zones
Moving Averages Like the 50day or 200day MA to gauge trend direction
Volume Trading volume during the consolidation to see if interest is building or fading
Onchain data Such as exchange inflowsoutflows or the number of addresses in profit
7 What typically happens after a period of consolidation like this
The price usually experiences increased volatility and makes a significant move either up or down The direction often depends on broader market sentiment