Bitcoin Confirms Bearish Structure After $98,000 Rejection
A neckline rejection near $98,000 has reinforced a bearish bias as prices trade below $90,000 and macro flows favor gold over BTC [1][2].
Bitcoin reaffirmed a bearish structure after a strong rejection near $98,000, with a reported neckline rejection that locked in a bearish bias and left sellers in control, according to the analysis cited in the report [1].
That technical weakness has coincided with price action below key levels: several outlets reported BTC trading under $90,000 and around $87,600–$88,000 as markets awaited the U.S. Federal Reserve decision, reflecting near-term downside momentum and cautious investor positioning [3][4][2].
At the same time, macro flows show divergence — gold has advanced while bitcoin has underperformed, and the BTC-to-gold relative strength index recently dipped below 30 for only the fourth time in history, indicating BTC may be relatively oversold versus gold [2][5][6].
With key resistance holding and momentum tilting lower, traders are focused on where price could head next if the downside continues, per the cited technical and market updates [1][3].
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Citations
Follow the primary reporting behind this analysis. Click a citation to open the referenced source in a new tab.
- 2Bitcoin Price Outlook as US Dollar Index Hits 4-Year Low, Gold SoarsCoinGape• Jan 27, 2026
- 3Bitcoin Slips Under $88K as Markets Await Fed DecisionThe Defiant• Jan 27, 2026
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- 5Gold vs Bitcoin price prediction: Why gold is outperforming BTC right now?crypto.news• Jan 27, 2026
- 6Bitcoin RSI Against Gold Drops Below 30 for Fourth Time in HistoryThe Crypto Basic• Jan 27, 2026
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