At the beginning of the year, Bitcoin enthusiasts were optimistic as they saw the leading cryptocurrency soar to nearly $95,000. However, this surge was short-lived.
The premier digital asset is now on the verge of dropping below the crucial $90,000 threshold once more.
Since November 2025, Bitcoin has struggled to maintain its position above this vital $90,000 mark on three separate occasions.
The current gloom among investors stems from the understanding that this year’s rally may have been a “bull trap,” rather than an indication of a genuine market reversal.
CME Gaps
If there isn’t immediate confirmation with robust momentum following a breakout, it could invalidate any bullish structure in place.
The CME market is closed during weekends and holidays. This results in noticeable gaps on charts when trading resumes at significantly different prices compared to where it left off.
Traders pay close attention to these gaps due to what is known as “gap fill theory.” The market tends to psychologically and algorithmically seek out these gaps for closure.
Currently, Bitcoin traders are concentrating on filling the gap between $90,550 and $91,550. If Bitcoin manages to find support within this range and rebounds after addressing this gap, it could signal a resumption of bullish momentum. Conversely, if it breaks through that level decisively, it would indicate weakness in price action.
BROKEN NEWS: #Bitcoin’s Initial CME Gap Has Been Addressed
after declining from 94k. pic.twitter.com/w9fHDhHdgS— CryptoBB (@CryptoBB01) January 7，2026
If support at this level fails to hold up against selling pressure，the next logical target for bearish traders would be the lower gap ranging from $88，110 – $88，820。