- The price of Bitcoin has seen a slight dip, hovering around $91,300 at the time of writing.
- Tuesday’s gains followed bullish news from MSCI.
- Will BTC rebound to reclaim $94,000, or will a new rejection push prices below $90,000?
Bitcoin has fallen below the $91,000 mark after facing another rejection near the key resistance level of $95,000.
This decline came amid a 3% drop in the cryptocurrency index during the first U.S. trading session on January 7, 2026.
Market data indicates that Bitcoin’s price dipped to around $90,986 on major exchanges. However, bullish operators displayed resilience as prices rallied back above $91,300 at the time of this report.
Market Sentiment Divided as Bitcoin Dips Below $91,000
Bitcoin’s price has faced renewed selling pressure on Wednesday as bearish forces regroup, attempting to reclaim control following a brief market uptick.
JUST IN: Bitcoin falls under $91,000 pic.twitter.com/4h25NgQydh
— Watcher.Guru (@WatcherGuru) January 7, 2026
On Tuesday, Bitcoin had surged close to $95,000 before experiencing another rejection.
The drop below $91,000 has revealed mixed market prospects in response to MSCI’s announcement that it would not remove Strategy and other digital asset treasury companies from its benchmark indices.
This decision alleviated fears of forced sell-offs from passive funds, generating optimism and contributing to the temporary BTC rally.
Moreover, Morgan Stanley’s demand for spot Bitcoin and Solana ETFs provided additional favorable momentum.
Nonetheless, with outflows from spot Bitcoin ETFs becoming a concerning trend, positive sentiment quickly turned to worry. Bulls expressed hesitation as investors weighed MSCI’s plans ahead of the next review.
While many welcomed the news, others questioned what the index signified.
CryptoQuant analyst Maartunn expressed a cautious viewpoint via X:
“MSCI has not dismissed the idea of excluding heavily crypto-sensitive companies. They are just delaying the decision, planning for a more comprehensive review of investment-type companies,” he said. “It sounds more like a warning shot than a green light.”
Bitcoin Price Instability
Bitcoin’s next move is crucial for both bulls and bears.
Transaction volumes remained elevated over the past 24 hours despite overall market weakness and macroeconomic readings. A rebound following this decline could spur a new rally.
However, persistent bearish pressure could lead to another rejection. The RSI and MACD indicators on the four-hour chart suggest that sellers currently hold the advantage.
If prices fall below $90,000, a deeper correction could necessitate a reassessment of support at $87,000 and then $85,000.
In the short term, the $91,000 level will act as a pivotal support zone.
A decisive rise and close above $92,500 could signal renewed bullish conviction, potentially paving the way for a bullish retest of $95,000 and higher targets towards $100,000.
