Bitcoin Hits $94.4K, Greed Peaks, Pullback to $91.2K Signals Potential Reversal
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Greed Surge: Bitcoin briefly soared to $94.4K in early January 2026, with a flood of optimistic calls for $100K on social media, leading to a pullback to $91.2K, highlighting the contrarian nature of market sentiment.
- Market Cycle Prediction: Data from Santiment indicates that spikes in mentions of “higher” on social media typically precede price corrections, reflecting the tendency of investors to become overly optimistic at market highs, which can trigger adjustments.
- Key Support Level Analysis: Bitcoin is currently trading around $92K, with a critical support level at $90K; a break below this could exacerbate downward pressure, but Santiment's data suggests that if greed subsides, prices may resume their ascent toward $100K.
- Social Media Impact: Frequent discussions among investors on platforms like Reddit and Telegram indicate shifts in market sentiment, and Santiment advises traders to combine real-time sentiment tracking with on-chain metrics for a more comprehensive view of market dynamics.
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.
