Bitcoin Price Drops Below $92K as Rally Shows Signs of Exhaustion—Is This a Bull Trap?
January 7, 2026 · 6:28 PM
Bitcoin's price has recently fallen below $92,000 after a strong start to 2026, where it had risen for five consecutive days and gained nearly $100 billion in market capitalization. This surge sparked optimism in the crypto market, with some traders believing that the $81,000 level signifies a cycle bottom. However, analysts are cautioning that the current market conditions may indicate a potential bull trap, suggesting a need for careful evaluation of market structure and on-chain behavior.
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