{"id":66714,"date":"2026-01-21T11:06:50","date_gmt":"2026-01-21T11:06:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-touches-lows-of-87800-as-gold-hits-new-record-high\/"},"modified":"2026-01-21T11:06:50","modified_gmt":"2026-01-21T11:06:50","slug":"bitcoin-touches-lows-of-87800-as-gold-hits-new-record-high","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-touches-lows-of-87800-as-gold-hits-new-record-high\/","title":{"rendered":"Bitcoin touches lows of $87,800 as gold hits new record high"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/01\/20260113_1511_Image-Generation_simple_compose_01kevbmvk2fh7rw2v78k67h646-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/01\/20260113_1511_Image-Generation_simple_compose_01kevbmvk2fh7rw2v78k67h646-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/01\/20260113_1511_Image-Generation_simple_compose_01kevbmvk2fh7rw2v78k67h646-1-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/01\/20260113_1511_Image-Generation_simple_compose_01kevbmvk2fh7rw2v78k67h646-1-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin fell to lows of $87,800 on Tuesday before bouncing to above $89,000.<\/li>\n<li>Losses for BTC came as gold hit new record high above $4,870.<\/li>\n<li>Galaxy Digital CEO Mike Novogratz says bulls need to take out bears around $100,000-$103,000.<\/li>\n<\/ul>\n<p>Bitcoin dipped to around $87,800 on Tuesday, breaking lower as risk assets struggled.<\/p>\n<p>However, amid waning investor confidence in the bellwether digital asset, gold has surged to new record highs.<\/p>\n<p>Industry heavyweight Mike Novogratz says the flagship digital asset needs to reclaim the $100,000 mark to resume its uptrend.<\/p>\n<h2>Bitcoin price bounces off $87,800 low<\/h2>\n<p>Broader market uncertainty, including geopolitical tensions, has kept Bitcoin below the psychologically important $100,000 level.<\/p>\n<p>In the latest session, the cryptocurrency slipped under $90,000, with data from CoinMarketCap showing intraday lows of $87,814 on major exchanges.<\/p>\n<p>Bitcoin\u2019s rally earlier this year was driven by strong institutional demand, but that momentum has eased in recent weeks.<\/p>\n<p>In contrast, gold has climbed to fresh record highs above $4,870, reinforcing its role as a safe-haven asset amid heightened geopolitical risks and ongoing macroeconomic pressures.<\/p>\n<p>Mike Novogratz, the outspoken CEO of Galaxy Digital Holdings, weighed in on Bitcoin\u2019s current woes via a <a href=\"https:\/\/x.com\/novogratz\/status\/2013705767577092601\" target=\"_blank\" rel=\"noopener\">post on X<\/a>.<\/p>\n<p>Novogratz, a veteran Wall Street trader turned crypto evangelist,\u00a0 notes that Bitcoin could regain its upward momentum if bulls reclaim the $100,000-$103,000 level.<\/p>\n<blockquote>\n<p>\u201cThe gold price is telling us we are losing reserve currency status at an accelerating rate. \u00a0 The long bond selling off is not a good sign either,\u201d he posted on X. \u201cBTC is disappointing as it is still being met with selling.\u00a0 I will reiterate it has to take out 100-103k to regain its upward trend. I think it will, in time.\u201d<\/p>\n<\/blockquote>\n<h2>Bitcoin price technical outlook<\/h2>\n<p>From a technical perspective, the declines have pushed prices beneath the critical 61.8% Fibonacci retracement level calculated from its April low of $74,400 to October\u2019s record peak of $126,198.<\/p>\n<p>Bears have also breached the key support zone at the 50-day Exponential Moving Average (EMA) at $92,066 and a prior upper consolidation boundary near $90,000.<\/p>\n<figure id=\"attachment_358917\" aria-describedby=\"caption-attachment-358917\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-358917\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/01\/bitcoin-price-chart-3.png\" alt=\"Bitcoin Price Chart\" width=\"1057\" height=\"571\"\/><figcaption id=\"caption-attachment-358917\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">Bitcoin price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>Other technical signals reinforcing the pessimistic outlook include the Relative Strength Index (RSI), which currently stands at 42.<\/p>\n<p>Notably, the Moving Average Convergence Divergence (MACD) indicator has also flashed a bearish crossover, suggesting sellers are in control.<\/p>\n<p>Volume profiles indicate thinning buying interest, which could exacerbate downside risks if headwinds persist.<\/p>\n<p>A sustained close below $87,700 could accelerate the downturn toward the lower channel boundary at $85,450.<\/p>\n<p>The demand reload zone aligns with the 78.6% Fibonacci retracement level.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-touches-lows-of-87800-as-gold-hits-new-record-high\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin fell to lows of $87,800 on Tuesday before bouncing to above $89,000. Losses for BTC came as gold hit new record high above $4,870. Galaxy Digital CEO Mike Novogratz says bulls need to take out bears around $100,000-$103,000. Bitcoin dipped [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":66715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/66714"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=66714"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/66714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/66715"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=66714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=66714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=66714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}