BTC Technical Analysis Report 7 January, 2026
Given the strength of the resistance level 95000.00 and the bearish sentiment viewn across the crypto markets today, BTC cryptocurrency can be expected to fall further to the next round support level 90000.00.
- BTC reversed from resistance zone
- Likely to fall to support level 90000.00
BTC cryptocurrency recently reversed from the resistance zone between the resistance level 95000.00 (former monthly high from December, as can be viewn from the daily BTC chart below), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from the begin of November. The downward reversal from this resistance zone stopped the earlier short-term impulse wave 3, which belongs to the intermediate impulse wave (5) from the end of November.
Given the strength of the resistance level 95000.00 and the bearish sentiment viewn across the crypto markets today, BTC cryptocurrency can be expected to fall further to the next round support level 90000.00.
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