Bitcoin Holds Steady Around $90,000: Analyst Forecasts Key Price Levels

Bitcoin is currently trading in the vicinity of $90,000, after a recent attempt to surpass the $94,000 threshold fell short. This situation indicates that buyers are hesitant near recent peaks, yet it does not conclusively imply a breakdown in positive price momentum. According to a well-known market analyst under the username KillaXBT, Bitcoin finds itself at a crucial juncture, where market outcomes could swing either way – bullish or bearish.

Key Takeaways

Bitcoin is trading around $90,000 after failing to breach $94,000.
The $90,000 level acts as a crucial support zone.
A drop below this could lead prices to around $87,500 or lower to $86,800.
A sustained price above $90,000 may lead to a retest of the $94,000–$95,000 range.
Failure to create a lower high within 30 days may suggest a potential decline to $75,000.

Bitcoin

Potential Price Movements: $94,000 Test and $87,000 Drop Possible

In a post shared on January 9, KillaXBT notes that the structure of Bitcoin’s price remains relatively stable despite recent fluctuations. The price is responding to clearly defined technical levels, which simplifies the outlook for near-term scenarios. The analyst emphasizes that the $90,000 mark serves as an essential price support level. Additionally, this level coincides with a CME futures gap, a region traders closely monitor for potential price responses.

Bitcoin
Source: @KillaXBT on X

Should Bitcoin fall below the $90,000 support, KillaXBT indicates that the next likely support level is around $87,500, aligning with the yearly open (YO) for 2026. If this support fails, prices could further drop to approximately $86,800, which has been identified as a demand level where buyers might become more active. If this bearish path materializes, it would suggest that Bitcoin continues to struggle with rejecting higher price points, reinforcing short-term weaknesses.

Conversely, if Bitcoin manages to stay above $90,000, KillaXBT mentions that this would imply market acceptance at those levels rather than rejection. In such a scenario, Bitcoin could aim to retest the supply area near $94,000–$95,000, where sellers had previously limited any price increases. While there remains a possibility of a rejection at this level, a bullish outlook would indicate consolidation rather than distribution.

A Drop to $75,000 If Conditions Are Not Met

In another post, KillaXBT provides further insights into Bitcoin's price structure. The analyst mentions maintaining a short position established around $93,900, although they anticipate that the asset will eventually rise above recent high levels, indicating a non-permanent bearish stance. However, if Bitcoin fails to establish a lower high within the next 30 days, KillaXBT predicts a significant decline to $75,000, suggesting a possible 16.67% drop from current market prices.

Bitcoin
Source: @KillaXBT on X

As of now, Bitcoin is priced at $90,500, marking a 0.76% decrease in the last day. The daily trading volume has also declined by 11.6%, now valued at approximately $38.95 billion. Bitcoin remains the largest cryptocurrency by market capitalization, standing at $1.8 trillion, which accounts for 58.5% of the overall market cap.

Bitcoin
BTC trading at $90,505 on the daily chart | Source: BTCUSDT chart on Tradingview.com