Bitcoin Extends Decline for Third Consecutive Day
Bitcoin has fallen to $92,000, marking its third straight day of decline and reaching its lowest level since early 2025. This drop has erased all gains from the past 10 days and pulled altcoins into the red as well.
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Market Overview
Current Price: $92,000
Recent Peak: $102,700 (January 6)
Decline: Nearly 10%
Despite this correction, analysts remain optimistic about Bitcoin’s long-term outlook:
Analyst Mags suggests that Bitcoin is in a consolidation phase, retesting a local bottom, which presents a buying opportunity ahead of the next rally.
Crypto Rover predicts a strong recovery is imminent.
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Impact on Miners
The declining price has put pressure on Bitcoin miners:
Daily Revenue: Dropped to its lowest level in 30 days.
Total Miner Revenue:
Currently at 398.2 BTC, down 24% from last week.
Revenue from transaction fees and block rewards has been steadily declining since January 2.
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Key Levels to Watch
Support Level: $90,000
A break below this level could exacerbate losses for miners and further weaken buying pressure.
Analysts suggest that while the short-term outlook appears challenging, Bitcoin has not yet peaked in this cycle, and a strong rally could be on the horizon.