{"id":58870,"date":"2026-01-08T09:56:32","date_gmt":"2026-01-08T02:56:32","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-price-dips-further-setting-up-a-high-stakes-support-moment\/"},"modified":"2026-01-08T09:56:32","modified_gmt":"2026-01-08T02:56:32","slug":"bitcoin-price-dips-further-setting-up-a-high-stakes-support-moment","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/bitcoin-price-dips-further-setting-up-a-high-stakes-support-moment\/","title":{"rendered":"Bitcoin Price Dips Further, Setting Up a High-Stakes Support Moment"},"content":{"rendered":"<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price started a downside correction from $94,500. BTC is now struggling and might dip toward the key support at $89,000.<\/em><\/p>\n<ul>\n<li>Bitcoin started a downside correction and traded below the $92,000 zone.<\/li>\n<li>The price is trading below $92,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $92,650 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 $92,500 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Starts Downside Correction<\/h2>\n<p>Bitcoin price failed to stay above $94,000 and started a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-signs-of-pullback-94k\/\" target=\"_blank\">downside correction<\/a>. BTC dipped below $93,200 and $92,500 to enter a short-term bearish zone.<\/p>\n<p>The price even dipped below $92,000 and tested $90,650. A low was formed at $90,666 and the price is now consolidating losses. It tested the 23.6% Fib retracement level of the recent decline from the $93,771 swing high to the $90,666 low.<\/p>\n<p>Bitcoin is now trading below $92,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-extends-surge-95k\/\" target=\"_blank\">100 hourly Simple moving average<\/a>. Besides, there is a bearish trend line forming with resistance at $92,650 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>If the price remains stable above $90,500, it could attempt a fresh increase. Immediate resistance is near the $91,400 level. The first key resistance is near the $92,200 level and the 50% Fib retracement level of the recent decline from the $93,771 swing high to the $90,666 low.<\/p>\n<figure id=\"attachment_873760\" aria-describedby=\"caption-attachment-873760\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Bitcoin_874032.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Bitcoin_874032.png?resize=1024%2C488\" alt=\"Bitcoin Price \" width=\"1024\" height=\"488\"><\/a><figcaption id=\"caption-attachment-873760\">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 $92,500. A close above the $92,500 resistance might send the price further higher. In the stated case, the price could rise and test the $93,050 resistance. Any more gains might send the price toward the $93,800 level. The next barrier for the bulls could be $94,000 and $94,500.<\/p>\n<h2 id=\"ftoc-heading-2\">More Downsides In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $92,500 resistance zone, it could start another decline. Immediate support is near the $90,500 level. The first major support is near the $90,000 level.<\/p>\n<p>The next support is now near the $89,000 zone. Any more losses might send the price toward the $87,200 support in the near term. The main support sits at $86,000, 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 $90,500, followed by $90,000.<\/p>\n<p>Major Resistance Levels \u2013 $92,200 and $92,500.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a downside correction from $94,500. BTC is now struggling and might dip toward the key support at [&hellip;]<\/p>","protected":false},"author":5,"featured_media":58871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-58870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/58870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=58870"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/58870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/58871"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=58870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=58870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=58870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}