- Bitcoin price dipped slightly, trading near $91,300 at the time of writing.
- Gains on Tuesday followed MSCI’s announcement that supported the market.
- Will BTC rebound to reclaim $94,000, or will further rejection push the price below $90,000?
Bitcoin slipped below $91,000 after encountering fresh rejection near the $95,000 resistance level.
The pullback came amid a roughly 3% downturn for the leading cryptocurrency during early U.S. trading on January 7, 2026.
Market data showed Bitcoin briefly touching a low of $90,986 across major exchanges. Still, the price demonstrated resilience by reclaiming levels above $91,300 at the time of publication.
Mixed market sentiment as Bitcoin falls toward $91k
Bitcoin faced renewed selling pressure on Wednesday as bearish forces regrouped and tried to retake control following a short-lived crypto market rally.
JUST IN: Bitcoin falls under $91,000 pic.twitter.com/4h25NgQydh
— Watcher.Guru (@WatcherGuru) January 7, 2026
Pushed higher on Tuesday, Bitcoin nearly reached $95,000 before encountering a fresh rejection.
The slide below $91,000 highlights the market’s mixed outlook following MSCI’s announcement that it would not remove Strategy and other digital-asset treasury firms from its benchmark.
Across markets, that decision eased concerns about forced selling by passive funds, briefly boosting confidence and contributing to a temporary BTC pump.
Morgan Stanley’s filing for a spot Bitcoin product and a Solana ETF also provided additional bullish momentum.
However, amid ongoing outflows from spot Bitcoin ETFs, the positive sentiment soon gave way to renewed anxiety. The rally showed signs of fragility as investors assessed what MSCI might decide ahead of a broader review.
While many welcomed the announcement, some market participants pointed to the caution embedded in the index provider’s statement.
CryptoQuant analyst Maartunn offered a cautious take via X, noting that MSCI has not ruled out excluding high-exposure crypto firms; rather, it has postponed a final decision and plans a wider review of investment-style companies. That tone read more like a warning shot than an unequivocal green light.
Downside risks for Bitcoin
Bitcoin’s next directional move will be critical for both bulls and bears. Volume remained elevated over the past 24 hours despite the weakness and prevailing macroeconomic backdrop, and a recovery from the pullback could accelerate a fresh rally.
Still, sustained downward pressure could trigger further rejections. Short-term momentum indicators, such as the RSI and MACD on the four-hour chart, point to sellers holding the edge.
If price slips beneath $90,000, a deeper correction could be in store, potentially testing support near $87,000 and then $85,000.
In the near term, the $91,000 zone will act as a key support area. A decisive move and close above $92,500 could signal renewed bullish conviction, opening the door for a retest of the $95,000 resistance and potentially higher targets toward $100,000.
Traders should monitor on-chain flows, ETF flows, and macro headlines closely, since shifts in these factors could quickly change the market’s balance. For now, caution prevails as the market digests recent developments and looks ahead to MSCI’s broader review and other institutional activity that could influence liquidity and sentiment.