- Bitcoin’s price eased slightly and was trading around $91,300 at the time of writing.
- Gains on Tuesday followed bullish news from MSCI.
- Will BTC bounce and reclaim $94,000, or will another rejection push prices below $90,000?
Bitcoin fell below $91,000 after encountering renewed rejection near the $95,000 resistance level.
The decline came amid a roughly 3% drop in the cryptocurrency during earlier U.S. trading on January 7, 2026.
Market data showed Bitcoin dipping to lows of $90,986 on major exchanges. Bulls, however, showed some resilience as the price climbed back above $91,300 at the time of writing.
Mixed market sentiment as Bitcoin slips to $91,000
Bitcoin faced fresh selling pressure on Wednesday as bearish forces regrouped and tried to regain 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 surged toward nearly $95,000 before meeting fresh rejection.
The drop below $91,000 highlighted the market’s mixed outlook after MSCI announced it would not remove Strategy and other digital-asset-focused firms from its benchmarks.
As seen in the market reaction, that decision eased fears of forced selling by passive funds, sparked optimism and helped drive a temporary BTC rally.
Morgan Stanley’s filing for spot Bitcoin and Solana ETFs also added fresh supportive momentum.
However, following outflows from spot Bitcoin ETFs, the initial positive sentiment soon gave way to some nervousness. Bulls hesitated as investors weighed MSCI’s plans before an upcoming review.
While many celebrated the announcement, some pointed to the nuances in MSCI’s statement.
CryptoQuant analyst Maartunn shared a cautious take via X:
“MSCI did not rule out removing firms with a heavy crypto focus. They are merely postponing a decision and planning a broader review of investment firms,” he wrote. “This reads more like a warning shot than a green light.”
Bitcoin price jitters
The next move for Bitcoin will be pivotal for both bulls and bears.
Trading volumes remained elevated over the past 24 hours despite overall weakness and macroeconomic uncertainty. A decisive rebound from the recent dip would accelerate renewed upside momentum.
But persistent bearish pressure could produce another rejection. The RSI and MACD on the 4-hour chart indicate sellers currently hold the edge.
If prices slip below $90,000, a deeper correction could see support retested near $87,000 and then $85,000.
In the near term, the area around $91,000 will serve as a key support level.
A push and decisive close above $92,500 could signal renewed bullish conviction, potentially opening the way for another test of $95,000 and higher targets toward $100,000.