Bitcoin Drops Below $90K, Analysts Predict Inevitable CME Gap Fill

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 08 2026

Should l Buy BTC?

Increased Market Volatility: Bitcoin's drop below $90,000 has prompted analysts to predict a potential CME gap fill, highlighting the market's focus on technical trading patterns amid heightened volatility.
ETF Flow Analysis: The early January ETF inflows were primarily driven by systematic portfolio rebalancing rather than a surge in bullish sentiment, indicating a more rational behavior among market participants.
Structural Changes in Institutional Participation: Larger institutions are moving beyond tentative investments, integrating Bitcoin into strategic asset allocations, which suggests a more stable long-term demand base that may reduce market volatility.
Macroeconomic Impact: Rising global debt levels continue to underscore Bitcoin's value proposition, with industry leaders asserting that short-term price fluctuations do not alter Bitcoin's core attributes as a strategic hedge.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36330.829	48165.415	61066.579	72901.165	85802.329	97636.915	110538.079
Fibonacci	48165.415	57614.471	63452.108	72901.165	82350.221	88187.858	97636.915

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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