---
title: "Bitcoin Price Loses $10K in 2 Days After Dropping Below $92K: Where Is the Bottom?"
url: https://diffcoin.com/bitcoin-price-loses-10k-in-2-days-after-dropping-below-92k-where-is-the-bottom/
description: "BTC slipped to a 10-day low minutes ago."
published: 2025-01-09
updated: 2025-01-09
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Price Loses $10K in 2 Days After Dropping Below $92K: Where Is the Bottom?

It has taken just over 48 hours for the primary cryptocurrency to erase all gains registered since the start of the year and dumped below $92,000.

The altcoins have also been suffering a lot lately, which begs the question (again) of whether this bull market has been halted.

![BTCUSD. Source: TradingView](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxODM1IDgxOSIgd2lkdGg9IjE4MzUiIGhlaWdodD0iODE5IiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNSUyRjAxJTJGQlRDVVNELTExLnBuZyIgZGF0YS13PSIxODM1IiBkYXRhLWg9IjgxOSIgZGF0YS1iaXA9IiI+PC9zdmc+)

BTCUSD. Source: TradingView

Ever since the all-time high registered on December 17 at over $108,000, the primary cryptocurrency has been on a predominantly bearish trajectory that drove it to $91,300 last Monday, which became a monthly low.

It managed to bounce off in the following days and even spiked above $100,000 earlier this week, but that was short-lived as the overall market sentiment remains unfavorable.

The rejection at $100,000 pushed the asset south hard, losing several grand in the past few days. Earlier today, bitcoin dumped below $92,000 for the first time this year, thus erasing more than $10,000 since the Tuesday peak.

Crypto analyst Ali Martinez warned that BTC had breached to the downside the $92,500 support level, which spells troubles for the asset. In fact, he argued that bitcoin could plunge below $90,000 and even beneath $80,000 in the next several weeks.

> The $92,500 support broke, you know where next!
> 
> — Ali (@ali_charts) [January 9, 2025](https://twitter.com/ali_charts/status/1877351887600562219?ref_src=twsrc%5Etfw)

Others were more bullish, indicating that BTC had yet to reach its peak during this cycle. Mags told their 101,000 followers on X that bitcoin is still consolidating and is now retesting the local bottom, which is actually a buying opportunity for the next leg up.

> [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) – Don’t miss the bottom again!
> 
> BTC has entered the 6th range of this cycle. Since the $15.5k bottom, every leg up has been followed by a consolidation range.
> 
> Each range = sideways price action, fakeouts (both sides), then a breakout.
> 
> We’re now in the 6th range, and… [pic.twitter.com/lbYs6w4oa7](https://t.co/lbYs6w4oa7)
> 
> — Mags (@thescalpingpro) [January 9, 2025](https://twitter.com/thescalpingpro/status/1877256713356849566?ref_src=twsrc%5Etfw)

Crypto Rover was also on the bulls’ side, indicating that the “next move higher is imminent.”

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