What’s Next for the BTC Price?

Bitcoin is trading near $93K after losing key support at $95K, testing the 50-week MA as traders react to global issues and changing demand trends.

Bitcoin (BTC) is testing a key technical level after declining from recent highs. At the time of writing, the stock is trading near $93,000 with a 24-hour loss of 2%. Over the past seven days, it has remained up about 3%.

After failing to hold above $95,000, the price dropped $3,000 within hours. This latest move puts Bitcoin directly below its 50-week moving average, a level that has held support throughout the earlier stages of the current cycle.

Weekly Support Comes Under Pressure

The 50-week moving average has served as the basis for several price movements over the past year. Bitcoin’s return to this line, now from the bottom, raises questions about whether it can hold or fail. Analyst Merlijn The Trader called the setup “a make or break moment.“He said,”Also find and hold the MA50. To continue at the top,” describing the situation that could develop. If that fails, he warns of “many evils.”

Weekly BTC: make or break time.

Bitcoin is retesting the 50-week moving average.

This level has served as support many times in this cycle.

Bull case:
Also find and hold the MA50. To continue at the top.

Bear case:
Rejection at MA50. Another bad thing. pic.twitter.com/iOgG64tHzH

— Merlijn The Trader (@MerlijnTrader) January 19, 2026

The current rejection near the $95,000 area indicates that the market is cautious. Closing back above the moving average can help reset momentum. Without it, marketers may remain in control.

Despite the short-term weakness, Bitcoin continues to trade above its 21-day moving average. This level has supported the recent uptrend and shows that the momentum is not completely lost. Commentator Michaël van de Poppe expressed growing concern about the big news but suggested the trend was not breaking.

“A lot of people are afraid… I don’t think they should be,” he wrote on X.

Support is forming near $90,000, and this area could determine the next move. On the other hand, the resistance band between $100,000 and $105,700 remains in play. Unless the stock crosses that range in strong volume, the upside move may remain limited.

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BTC Price Responds to Global Headlines

The decline eased after news of new trade tariffs from the USthe markets responded to it at the beginning of a future session. Analyst Daan Crypto Trades noted,

“BTC has bottomed out from opening futures when TradFi gets a chance to react.”

He also identified the 4-hour 200EMA as short-term support. This decline shows how closely the crypto markets are now tracking major world events. With uncertainty high, traders may wait to see how US equities react in the coming sessions.

Still, some analysts point to positive signs underneath. Long-time owners seem to be selling less.

“Obviously they’re not trading as high,” said on-chain observer Crypto Tice.

According to CryptoQuant’s COINDREAM, the recent explosion was not led by the average, but by buying in the local market. They explained that the need arose first from the spot dealers before moving on to the future. That change points to early stage accumulation rather than a temporary assembly.