![\"Bitcoin](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/01\/20260113_1511_Image-Generation_simple_compose_01kevbmvk2fh7rw2v78k67h646-1.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n- \n
- Bitcoin fell to lows of $87,800 on Tuesday earlier than bouncing to above $89,000.<\/li>\n
- Losses for BTC got here as gold hit new record high above $4,870.<\/li>\n
- Galaxy Digital CEO Mike Novogratz says bulls must take out bears round $100,000-$103,000.<\/li>\n<\/ul>\n
Bitcoin dipped to round $87,800 on Tuesday, breaking decrease as danger belongings struggled.<\/p>\n
However, amid waning investor confidence within the bellwether digital asset, gold has surged to new record highs.<\/p>\n
Industry heavyweight Mike Novogratz says the flagship digital asset must reclaim the $100,000 mark to renew its uptrend.<\/p>\n
Bitcoin worth bounces off $87,800 low<\/h2>\n
Broader market uncertainty, together with geopolitical tensions, has stored Bitcoin beneath the psychologically vital $100,000 stage.<\/p>\n
In the newest session, the cryptocurrency slipped underneath $90,000, with knowledge from CoinMarketCap displaying intraday lows of $87,814 on main exchanges.<\/p>\n
Bitcoin\u2019s rally earlier this 12 months was pushed by sturdy institutional demand, however that momentum has eased in latest weeks.<\/p>\n
In distinction, gold has climbed to recent record highs above $4,870, reinforcing its position as a safe-haven asset amid heightened geopolitical dangers and ongoing macroeconomic pressures.<\/p>\n
Mike Novogratz, the outspoken CEO of Galaxy Digital Holdings, weighed in on Bitcoin\u2019s present woes by way of a post on X<\/a>.<\/p>\n
Novogratz, a veteran Wall Street dealer turned crypto evangelist,\u00a0 notes that Bitcoin might regain its upward momentum if bulls reclaim the $100,000-$103,000 stage.<\/p>\n
\n
\u201cThe gold price is telling us we are losing reserve currency status at an accelerating rate. \u00a0 The long bond selling off is not a good sign either,\u201d he posted on X. \u201cBTC is disappointing as it is still being met with selling.\u00a0 I will reiterate it has to take out 100-103k to regain its upward trend. I think it will, in time.\u201d<\/p>\n<\/blockquote>\n
Bitcoin worth technical outlook<\/h2>\n
From a technical perspective, the declines have pushed costs beneath the crucial 61.8% Fibonacci retracement stage calculated from its April low of $74,400 to October\u2019s record peak of $126,198.<\/p>\n
Bears have additionally breached the important thing help zone on the 50-day Exponential Moving Average (EMA) at $92,066 and a previous higher consolidation boundary close to $90,000.<\/p>\n
![\"Bitcoin](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/01\/bitcoin-price-chart-3.png\")
Bitcoin price chart<\/a> by TradingView<\/figcaption><\/figure>\n Other technical indicators reinforcing the pessimistic outlook embrace the Relative Strength Index (RSI), which presently stands at 42.<\/p>\n
Notably, the Moving Average Convergence Divergence (MACD) indicator has additionally flashed a bearish crossover, suggesting sellers are in management.<\/p>\n
Volume profiles point out thinning shopping for curiosity, which might exacerbate draw back dangers if headwinds persist.<\/p>\n
A sustained shut beneath $87,700 might speed up the downturn towards the decrease channel boundary at $85,450.<\/p>\n
The demand reload zone aligns with the 78.6% Fibonacci retracement stage.<\/p>\n