Will Bitcoin (BTC) Hit a New Low of $88,000?

Jakarta, Pintu News – Bitcoin (BTC) recently experienced a significant price drop, touching below $90,000. This drop coincided with the closing of one of the two gaps that formed in CME Group’s Bitcoin (BTC) futures market over the new year period. Technical analysis suggests that the remaining gap might bring Bitcoin (BTC) price back to the $88,000 level in the near future.

This decline was also influenced by a decrease in interest in other risky assets, such as gold, which also saw a decline after a rebound earlier in the year triggered by geopolitical tensions in Venezuela. These two assets show a strong correlation in their price behavior in the global market.

Technical Analysis: Filling Gaps in the Futures Market

Gaps in the futures market often provide important clues about the direction of the Bitcoin (BTC) price in the short term. The gaps that formed during the New Year holidays have been a major focus for traders and analysts. With one gap already filled, all eyes are now on the second gap which is around $88,000.

According to data from TradingView, Bitcoin (BTC) recorded a new low of $89,530 during the Asian trading session. This drop marked the filling of the first gap and sparked speculation about the possibility of a second gap filling. If this gap is filled, it could signal a trend reversal or even set a new base for the next price cycle.

Also read: US Jobless Claims Data Rises to 208,000, Bitcoin (BTC) Plummets: What’s the Impact on the Market?

Analyst View: Potential Risks and Opportunities

An analyst using the pseudonym CW from onchain analytics platform CryptoQuant, emphasized that the unfilled gap in the futures market is a potential risk that needs to be addressed.

According to him, for a stable uptrend, it is crucial to eliminate this risk before starting a rally. This suggests that the market may need more consolidation before it can move higher sustainably.

Crypto education source, Coin Bureau, also highlighted the importance of watching this gap. They asked whether Bitcoin (BTC) will move deeper to fill the next gap. The answer to this question will largely determine the direction of the market in the coming weeks and months.

Conclusion

With the last gap in the futures market still open, the future of Bitcoin (BTC) price remains uncertain. Will this gap be filled and become a new bottom or will the market reverse course without filling it?

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Cointelegraph. Bitcoin price bottoms at $88K in next cycle as last CME gap opens. Accessed on January 8, 2026
• Featured Image: Generated by AI