- Bitcoin’s price eased slightly and was trading around $91,300 at the time of writing.
- Tuesday’s gains followed bullish headlines from MSCI.
- Will BTC rebound and retake $94,000, or will another rejection push prices below $90,000?
Bitcoin slipped below $91,000 after meeting fresh resistance near the $95,000 level.
The decline came amid a roughly 3% drop for the cryptocurrency in early U.S. trading on January 7, 2026.
Market data show Bitcoin fell to lows of $90,986 on major exchanges. Bulls, however, showed resilience as the price had reclaimed levels above $91,300 at the time of writing.
Mixed market sentiment as Bitcoin dips to $91k
Bitcoin faced renewed selling pressure on Wednesday as bearish forces regrouped and tried to regain control following a brief rally 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 fresh rejection.
The drop below $91,000 reflected a mixed market outlook in response to MSCI’s announcement that the index provider would not remove Strategy and other firms focused on digital asset custody from its benchmarks.
As seen in markets, that decision eased fears of forced selling by passive funds, triggered optimism, and helped fuel a temporary uptick in BTC.
Morgan Stanley’s filing for spot Bitcoin and Solana ETFs also provided additional tailwinds.
However, early flows out of spot Bitcoin ETFs soon cooled some of the positive sentiment. Bulls showed hesitancy as investors weighed MSCI’s intentions ahead of an upcoming review.
While many celebrated the news, some pointed to the caveats in the index provider’s statement.
CryptoQuant analyst Maartunn shared a cautious take on X:
“MSCI did not rule out the idea of excluding firms with significant crypto exposure. They merely delayed a decision and plan a broader review of investment companies,” he said. “This reads more like a warning shot than a green light.”
Bitcoin price nerves
The next move for Bitcoin will be crucial for both bulls and bears.
Trading volumes remained elevated over the past 24 hours despite overall weakness and macroeconomic headwinds. A recovery following the dip could accelerate a fresh rally.
But sustained bearish pressure could result in further rejection. The RSI and MACD indicators on the four-hour chart suggest sellers currently have the edge.
If prices fall below $90,000, a deeper correction could send Bitcoin back to test support around $87,000 and then $85,000.
In the short term, the area just above $91,000 will act as key support.
A decisive move and close above $92,500 could signal renewed bullish momentum and open the door to another test of $95,000 and potentially higher targets toward $100,000.