NewsBTC •
January 20, 2026 at 03:00 •
Analysis
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. Bitcoin started a sharp decline below $94,000 and $93,000. The price is trading below $93,000 and the 100 hourly Simple moving average. 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). The pair might continue to move down if it stays below the $94,000 zone. Bitcoin Price Turns Red Bitcoin price failed to stay above the $93,500 support and started a fresh decline. BTC declined sharply below the $93,000 and $92,500 support levels. The bears even pushed the price below $92,000. A low was formed at $91,866, and the price is now consolidating losses. Th...
