{"id":9470,"date":"2026-01-19T05:11:05","date_gmt":"2026-01-19T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-sharp-pullback-raises-one-question-will-92k-hold\/"},"modified":"2026-01-19T05:11:05","modified_gmt":"2026-01-19T05:11:05","slug":"bitcoin-price-sharp-pullback-raises-one-question-will-92k-hold","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-sharp-pullback-raises-one-question-will-92k-hold\/","title":{"rendered":"Bitcoin Price Sharp Pullback Raises One Question: Will $92K Hold?"},"content":{"rendered":"<p><em>Bitcoin price started a fresh decline below $95,000. BTC is consolidating losses and remains at risk of more losses if it dips below $92,000.<\/em><\/p>\n<ul>\n<li>Bitcoin started a sharp decline below $95,000 and $94,000.<\/li>\n<li>The price is trading below $93,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a declining channel with support at $93,550 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 $954000 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Sharply<\/h2>\n<p>Bitcoin price failed to stay above the $94,500 support and started a fresh decline. BTC declined sharply below the $94,000 and $93,500 support levels.<\/p>\n<p>There was a move below the 61.8% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high. Besides, there was a break below a declining channel with support at $93,550 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>The price even spiked below $92,000. It tested the 76.4% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high. Bitcoin is now trading below $93,500 and the 100 hourly Simple moving average.<\/p>\n<p>If the price remains stable above $92,000, it could attempt a fresh increase. Immediate resistance is near the $93,000 level. The first key resistance is near the $93,500 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-876357\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Bitcoin_f505f8.png?resize=1024%2C488\" alt=\"Bitcoin Price \" width=\"1024\" height=\"488\" \/><\/p>\n<p>The next resistance could be $94,000. A close above the $94,000 resistance might send the price further higher. In the stated case, the price could rise and test the $95,000 resistance. Any more gains might send the price toward the $95,500 level. The next barrier for the bulls could be $96,200 and $96,400.<\/p>\n<h2>Downside Continuation In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $93,500 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 $91,300 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 losing 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 $93,000 and $93,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh decline below $95,000. BTC is consolidating losses and remains at risk of more losses if it dips below $92,000. Bitcoin started a sharp decline below $95,000 and $94,000. The price is trading below $93,500 and the 100 hourly Simple moving average. There was a break below a declining channel with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9471,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-9470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=9470"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9471"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}