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

Updated

January 9, 2026

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

Jakarta, Pintu News – Bitcoin 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.

Important day on $BTC.

It's hit the 21-Day MA and briefly dipped beneath this level.

That's not bad, it can take liquidity, although I'd favor #Bitcoin to hold this level.

In that case, we're still on track for a test at $94K in the coming week.

If not, then we might be… pic.twitter.com/Xn34b790Zx
— Michaël van de Poppe (@CryptoMichNL) January 8, 2026

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

$BTC Low timeframe liquidity clusters to watch are ~$89K & ~$92K.

As price is back in the middle of its larger range I wouldn't be surprised to see it chop around this region until the end of the week. pic.twitter.com/10AKPEn39e
— Daan Crypto Trades (@DaanCrypto) January 8, 2026

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.

The $BTC CME gap still remains, posing a potential risk.

For a stable upward trend, it's best to eliminate this risk and then start the rally.

However, if this gap isn't filled, it means the bottom of the next cycle will likely be near this point. pic.twitter.com/q5pOgvtYgL
— CW (@CW8900) January 7, 2026

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?

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*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.

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