- Bitcoin’s price experienced a modest pullback and was trading around $91,300 at the time of writing.
- Tuesday’s rally followed optimistic news from MSCI.
- Will BTC reclaim $94,000, or will another rejection push prices below $90,000?
Bitcoin slipped below $91,000 after another rejection near the $95,000 resistance level.
The decline came amid a roughly 3% drop in the leading cryptocurrency during the U.S. trading session on January 7, 2026.
Market data show Bitcoin touched lows of $90,986 on major exchanges. Bulls, however, showed some resilience, pushing the price back above $91,300 by the time this article was published.
Mixed market sentiment as Bitcoin falls toward $91K
Bitcoin faced renewed selling pressure on Wednesday as bears regrouped and sought to regain control following a brief upswing in the crypto market.
JUST IN: Bitcoin falls under $91,000 pic.twitter.com/4h25NgQydh
— Watcher.Guru (@WatcherGuru) January 7, 2026
On Tuesday, Bitcoin had surged toward $95,000 before encountering another rejection.
The retreat below $91,000 reflected mixed market outlooks following MSCI’s announcement that the index provider would not remove certain strategy and treasury firms from its benchmarks.
That decision eased concerns about forced selling by passive funds, sparking optimism that briefly boosted BTC.
Applications from Morgan Stanley for spot Bitcoin and Solana ETFs also provided a short-term tailwind.
However, with outflows reported from spot Bitcoin ETFs, the positive sentiment soon gave way to caution. Bulls hesitated as investors weighed MSCI’s plans ahead of a broader review.
While many welcomed the announcement, some market participants pointed out caveats in the index composition.
CryptoQuant analyst Maartunn shared a cautious take on X:
“MSCI did not rule out the possibility of excluding firms that primarily operate in crypto. They have simply delayed the decision and plan a broader review of investment-style companies,” he wrote. “This reads more like a warning shot than a green light.”
Bitcoin price volatility
The next move for Bitcoin will be critical for both bulls and bears.
Trading volumes remained elevated over the past 24 hours despite the broader weakness and macroeconomic headwinds. A strong rebound after the pullback could accelerate a fresh rally.
Continued bearish pressure, however, could trigger another rejection. The 4-hour RSI and MACD indicators currently favor sellers.
If prices break below $90,000, a deeper correction could push support back to the $87,000 area and then toward $85,000.
In the near term, the $91,000 zone will serve as a key support level.
A decisive move and close above $92,500 could signal a restoration of bullish confidence, potentially paving the way for a renewed test of $95,000 and higher targets toward $100,000.
Traders will be watching volume and momentum indicators closely to gauge whether bulls can sustain upside pressure or if bears will force a deeper pullback.