{
    "id": 59778,
    "date": "2026-01-20T10:08:34",
    "date_gmt": "2026-01-20T03:08:34",
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    "slug": "bitcoin-price-action-turns-unsteady-downside-threat-grow",
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        "rendered": "Bitcoin Price Action Turns Unsteady, Downside Threat Grow"
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        "rendered": "<div id=\"ftwp-postcontent\">\n<p><em>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<ul>\n<li>Bitcoin started a sharp decline below $94,000 and $93,000.<\/li>\n<li>The price is trading below $93,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $94,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might continue to move down if it stays below the $94,000 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Turns Red<\/h2>\n<p>Bitcoin price failed to stay above the $93,500 support and started a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-sharp-pullback-92k\/\" target=\"_blank\">fresh decline<\/a>. BTC declined sharply below the $93,000 and $92,500 support levels.<\/p>\n<p>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<p>However, the bears remained active near $93,200. Besides, there is a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-blinks-95k\/\" target=\"_blank\">bearish trend line<\/a> forming with resistance at $94,600 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>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<figure id=\"attachment_877095\" aria-describedby=\"caption-attachment-877095\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Bitcoin_e90002.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Bitcoin_e90002.png?resize=1024%2C488\" alt=\"Bitcoin Price\" width=\"1024\" height=\"488\"><\/a><figcaption id=\"caption-attachment-877095\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>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<h2 id=\"ftoc-heading-2\">Downside Break In BTC?<\/h2>\n<p>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<p>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<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $92,000, followed by $91,800.<\/p>\n<p>Major Resistance Levels \u2013 $93,650 and $94,000.<\/p>\n<\/p><\/div>",
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