- Bitcoin’s price slipped slightly and was trading near $91,300 at the time of writing.
- Tuesday’s gains followed bullish news from MSCI.
- Will BTC reclaim $94,000, or will another rejection push prices below $90,000?
Bitcoin dipped below $91,000 after facing another rejection near the $95,000 resistance level.
The decline occurred during the initial U.S. trading session on January 7, 2026, when the cryptocurrency indicator fell about 3%.
Market data showed Bitcoin dropping to a low of $90,986 across major exchanges. However, bulls showed resilience as the price recovered back above $91,300 at the time of writing.
Mixed market sentiment as Bitcoin slips to $91,000
Bitcoin came under fresh selling pressure on Wednesday as bearish forces regrouped and attempted to retake control after a brief crypto market rally.
JUST IN: Bitcoin falls under $91,000 pic.twitter.com/4h25NgQydh
— Watcher.Guru (@WatcherGuru) January 7, 2026
On Tuesday, Bitcoin had climbed to nearly $95,000 before meeting renewed resistance.
The slide below $91,000 highlighted mixed market sentiment after MSCI announced it would not remove Strategy and other digital-asset treasury firms from its benchmarks.
Across the market, that decision eased concerns about forced selling from passive funds, fueling optimism and contributing to BTC’s temporary surge.
Morgan Stanley’s application for spot Bitcoin and Solana ETFs also provided an added tailwind.
However, amid outflows from spot Bitcoin ETFs, the bullish sentiment soon gave way to uncertainty. Bulls hesitated as investors weighed MSCI’s plans ahead of its next review.
While many celebrated the announcement, some pointed to caveats in the index’s statement.
CryptoQuant analyst Maartunn shared a cautious perspective via X:
“MSCI has not ruled out the idea of excluding highly crypto-active companies. They are merely delaying a decision and planning a broader review of investment-style firms,” he wrote. “This looks more like a warning shot than a green light.”
Nervousness around Bitcoin’s price
The next move in Bitcoin will be critical for both bulls and bears.
Trading volumes remained elevated over the past 24 hours despite the weakness and mixed macro readings. A rebound driven by buyers could accelerate a fresh rally.
But sustained bearish pressure could trigger another rejection. The RSI and MACD on the 4-hour chart indicate that sellers currently hold the advantage.
If prices fall below $90,000, a deeper correction could test support around $87,000 and then $85,000.
In the short term, the $91,000 area will act as key support.
A decisive move and close above $92,500 could signal renewed bullish conviction, potentially paving the way for a retest of $95,000 and higher targets toward $100,000.