Bitcoin Price Analysis: Key Support at $78,400 Under Scrutiny
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 05 2026- Support Level Analysis: Bitcoin price holds long-term support at the $78,400 zone despite selling pressure, indicating market focus and buying interest at this level, which could influence future price movements.
- Volatility Comparison: Bitcoin's volatility contrasts with NVIDIA's steadier upward structure post-correction from the $102 area, suggesting that Bitcoin's market sentiment is more unstable, potentially leading to significant price swings.
- Market Structure Shift: Bitcoin's failure to maintain levels above $90,000 reflects a shift in short-term market structure, which could lead to increased downward pressure, necessitating investor attention to this change in trading strategies.
- Price Range Dynamics: Bitcoin currently trades between $85,000 and $92,000, with the CME gap around $88,200 becoming a key focal point, as price direction will likely depend on a clear break from this range.
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.
