TLDR:
- Bitcoin suffered a 3% drop after hitting the key resistance level of $95,000.
- MSCI’s decision regarding companies with cryptocurrency treasuries is generating mixed market sentiment.
- Technical indicators suggest that if Bitcoin loses the $90,000 mark, the price could seek support at $85,000.
The cryptocurrency market has experienced a day of high volatility this Wednesday, January 7. The Bitcoin price today 2026 slipped below the psychological mark of $91,000 after facing a severe rejection at the $95,000 resistance level.
This 3% drop during the U.S. trading session has handed the momentum back to the bears, who are looking to regain control following the brief rally at the beginning of the week.
Despite touching lows of $90,986, bulls have shown some resilience, managing to stabilize the price slightly above $91,300. However, market sentiment remains fragile and is heavily influenced by macroeconomic and regulatory factors.
Uncertainty over MSCI and Technical Warning Signs
One of the catalysts for this instability was the announcement from MSCI. Although the index provider decided not to remove MicroStrategy and other firms with digital asset treasuries from its benchmarks, analysts like Maartunn from CryptoQuant warn that this is not a definitive “green light,” but rather a “warning shot.”
The pending review on how to classify these “crypto-heavy” companies has generated caution among institutional investors.
On a technical level, the outlook for the Bitcoin price today 2026 presents significant challenges. The RSI and MACD indicators on the 4-hour chart suggest that sellers currently hold the upper hand. If the pressure persists and the asset falls below the critical support of $90,000, the market could witness a deeper correction toward $87,000 or even $85,000.
Conversely, to regain bullish conviction, Bitcoin needs a decisive close above $92,500. Only then would the door open once again for a retest of $95,000, with eyes set on the historic six-figure milestone.
In the meantime, the $91,000 zone will act as the pivotal point defining the trend in the short term.
