Bitcoin (BTC) Price Analysis for January 7
Analysis
Price Impact
MedBitcoin has fallen 2.37% over the last day, with technical analysis indicating a bearish trend and potential tests of support levels at $90,000 and even $89,000.
Trustworthiness
MedThe analysis is based on technical chart patterns and support/resistance levels provided by u.today, reflecting current market sentiment but not fundamental news.
Price Direction
BearishBtc shows bearish signs on hourly and larger timeframes after a false breakout of resistance at $94,652. the price is currently testing lower support at $90,536, with potential for further correction towards $89,000-$90,000.
Time Effect
ShortThe analysis focuses on immediate chart movements, hourly trends, and midterm resistance/support levels, suggesting potential price action within a short timeframe.
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Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The prices of the majority of the coins are falling today, according to CoinStats . Advertisement BTC chart by CoinStats BTC/USD The rate of Bitcoin (BTC) has fallen by 2.37% over the last day. Image by TradingView On the hourly chart, the price of BTC keeps looking bearish. If the rate fixes below the local support at $91,302, traders may see a test of the $90,000 zone soon. Image by TradingView On the bigger time frame, the decline of the main crypto continues after a false breakout of the resistance at $94,652. At the moment, one should focus on the nearest level at $90,536. You Might Also Like Tue, 01/06/2026 - 16:15 Bitcoin (BTC) Price Analysis for January 6 By Denys Serhiichuk If the candle closes below it, the accumulated energy might be enough for a move to the $89,000-$90,000 zone. Image by TradingView From the midterm point of view, the price of BTC has bounced off the resistance of $94,652. If buyers cannot seize the initiative and the candle closes far from that mark, traders may see a further correction. Bitcoin is trading at $91,445 at press time. #Bitcoin Price Prediction