Bitcoin (BTC) Needs Daily Close Above $91,000 to Confirm Reclaim, Analysts Consider Dip to $87,000 Coming

Bitcoin (BTC) started the week in the red, falling to its lowest level in over a month. Amid this performance, some analysts consider BTC's price will

Bitcoin (BTC) began the week with a bearish performance, dropping 5.8% to $90,300, marking its lowest price since November 18. Amid this downturn, several analysts anticipate another dip before BTC rallies to new highs.

Bitcoin Needs A Daily Close Above $91,000

On Monday, Bitcoin erased its weekend gains, falling by 5.8% to reach $90,300, representing its lowest price since November 18. Notably, the flagship crypto concluded last week with a bullish performance, approaching $96,000 and closing Friday above $94,000.

This performance continued throughout the weekend, with Bitcoin fluctuating between the $93,700 and $95,900 price ranges over the past two days. However, this week began with seven consecutive red 1-hour candles, dropping below $91,000 for the first time since the December 19 correction and falling lower than the December 5 pullback.

Despite this bearish movement, Bitcoin managed to bounce back after dropping below this key level, recovering the recently lost mark. According to crypto analyst Rekt Capital, BTC's daily close will dictate its next move, suggesting it needs a close above $91,000 to confirm the reclaim.

The analyst explained, “Last week, Bitcoin was deviating beyond the Range High resistance of $101,000. This week, Bitcoin is potentially deviating below the Range Low support of $91,000.” He asserted that BTC closed above the $101,000 range high last Monday but failed to retest it into new support after the breakout, reverting to the $91,000-$101,000 range.

For this week, Rekt Capital added that even if Bitcoin closes the day below the $91,000 range low, it will likely need to turn that level into resistance for its price to drop into the $87,000-$91,000 range.

“A lot can change through the day, but generally speaking, Bitcoin does need to be closing above this level to persevere within the current range,” the analyst noted.

Is A Dip To $87,000 Coming?

Highlighting Bitcoin's monthly returns, which tend to be “patchy and predominately bearish” in January, Rekt Capital pointed out that CoinGlass data shows BTC has had a bearish performance most of the time in January. Since 2013, BTC has started the year in red seven times, including 2025's current performance.

According to the post, the market usually “picks up” in February. He added that the higher timeframe levels that are “teasing to be lost as support” are “likely to be reclaimed” in the future.

Meanwhile, Altcoin Sherpa considers that “1 last liquidation wick” is due before “we reverse for BTC.” The analyst also suggested that Altcoins are likely to drop another 30%-50% before the Altseason.

Similarly, Daan Crypto Trades pointed out that a “bunch of shorts have entered the market in the past few hours.” The trader noted that “price just keeps slowly dribbling back down” as these positions are usually “punished” when bulls are in control.

“At some point, the shorts will have to close out, but they probably won't do so before pushing the market down further, combined with the spot selling from Coinbase,” Daan explained. And added that “the slow grinds down end in a violent wick, after which shorts take profit, and we see a (local) bottom.”

Additionally, the trader highlighted the similarities between BTC's performance between December 2023 and January 2024 and December 2024 and January 2025. If history were to repeat, Bitcoin’s next move could be a correction to the $87,000 support, followed by a consolidation period in the new range.

As of this writing, BTC is trading at $91,700, a 2.9% decline in the daily timeframe.