Bitcoin price slips below $91,000 after $95K rejection as bears regain control

• Bitcoin price saw a slight dip and sat near $91,300 at the time of writing.
• Gains on Tuesday followed bullish news from the MSCI.
• Will BTC bounce to reclaim $94,000, or will another rejection push prices under $90,000?

Bitcoin slipped to below $91,000 after hitting a fresh rejection near the $95,000 resistance level.

The decline came amid a 3% dump for the bellwether cryptocurrency in the early US trading session on January 7, 2026.

Market data shows the price of Bitcoin fell to lows of $90,986 across major exchanges. However, bulls were showing resilience as the price moved back above $91,300 at the time of writing.

Mixed market sentiment as Bitcoin slips to $91k

Bitcoin price faced renewed selling pressure on Wednesday as bearish forces regrouped and looked to regain control after the crypto market’s brief rally.

On Tuesday, Bitcoin had jumped to near $95,000 before hitting a fresh rejection.

The dip to under $91,000 showed a mixed market outlook regarding the MSCI announcement that the index provider would not remove Strategy and other digital asset treasury companies from its benchmarks.

As seen across the market, this decision alleviated fears of forced selling by passive funds, sparking optimism and contributing to BTC’s temporary pump.

Morgan Stanley’s filing for spot Bitcoin and Solana ETFs also acted as a fresh tailwind.

However, amid outflows from spot Bitcoin ETFs, the positive sentiment soon gave way to some jitters. Bulls showed hesitation as investors weighed what the MSCI planned ahead of the upcoming review.

While many celebrated the news, some pointed to what the index noted.

CryptoQuant analyst Maartunn shared this cautious outlook via X:

Bitcoin price jitters

Bitcoin’s next move will be key for both bulls and bears.

Trading volumes have remained elevated in the past 24 hours, despite overall weakness and macroeconomic readings. A rebound from the pullback will accelerate a new rally.

But persistent bearish pressure could yet lead to another rejection. The RSI and MACD indicators on the 4-hour chart suggest sellers have an upper hand.

If prices slip under $90,000, a deeper correction may mean a revisit of support at $87k and then $85k.

In the short term, the $91,000 zone will act as a pivotal support.

An uptick and decisive close above $92,500 could signal renewed bullish conviction, potentially opening the door for a bullish retest of $95,000 and higher targets toward $100,000.

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