Bitcoin Maintains Mid-$90k Levels: Possible Price Targets — Analyst

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin is presently trading around the $90,000 price mark after a recent failure to break past $94,000 price barrier. Notably, the move suggests hesitation from buyers near recent highs, but not yet a confirmed breakdown of positive price momentum.  According to the popular market analyst with X username KillaXBT, Bitcoin is at a critical junction with equal potential for a bullish or bearish market outcome. Related Reading Bitcoin Risks Drop To $69,000 If Pennant Support Breaks, Analyst Warns 17 hours ago Bitcoin Eyes $94,000 Retest, But $87,000 Price Drop Remains Feasible In an X post on January 9, KillaXBT explains that the Bitcoin price structure remains quite clean despite recent volatile movements. This is because the price is still reacting clearly to well-defined technical levels, making near-term scenarios easier to outline. According to the presented analysis, $90,000 represents a pivotal price level that presently acts as near-term price support.  In addition, this level aligns with a CME futures gap, an area traders often watch for potential price reactions. Source: @KillaXBT on X In a bearish scenario where Bitcoin loses the support at $90,000, KillaXBT explains that the next price floor sits around $87,500, which corresponds to the 2026 yearly open (YO). If that level fails, price could slide further toward $86,800, an area identified as demand, where buyers are expected to step in more aggressively. The realization of this bearish pathway would confirm that Bitcoin continues to suffer rejection from higher prices and reinforce short-term weakness. On the other hand, if Bitcoin continues to hold above $90,000, KillaXBT states it would signal acceptance at current levels, meaning the market is comfortable trading here rather than initiating a rejection. In that case, Bitcoin could retest supply near the $94,000–$95,000 range, where sellers previously capped the rally. While there is potential for another rejection at this level, this bullish scenario would suggest consolidation rather than distribution. Related Reading Solana Accumulation Narrative Strengthens With Big Institutions, A Rally Imminent? 19 hours ago Bitcoin Headed For $75,000 If Condition Fails In a separate post, KillaXBT shares further insights on Bitcoin price structure. Notably, the analyst reveals they continue to maintain a short position they opened around $93,900. However, they still expect the asset to push above recent highs at some point, indicating they are not permanently bearish. However, if Bitcoin is unable to create a lower high in the next 30 days, KillaXBT forecasts a free price fall to $75,000, suggesting a potential 16.67% decline from current market prices. Source: @KillaXBT on X At press time, Bitcoin exchanges hands at $90,500, reflecting a price loss of 0.76% in the past day. Meanwhile, the daily trading volume is down by 11.6% and valued at $38.95 billion. Bitcoin continues to rank as the largest cryptocurrency with a market cap of $1.8 trillion, representing 58.5% of the total market cap. BTC trading at $90,505 on the daily chart | Source: BTCUSDT chart on Tradingview.com Featured image from Shutterstock, chart from Tradingview