Bitcoin and Ethereum Slide: Market Digests Weekly Gains, What’s Next?
This Tuesday, January 20, 2026, the cryptocurrency market continues to correct. Bitcoin (BTC) is trading at $92,558.46, down 1.3% on the day, while Ethereum (ETH) has fallen to $3,185.66, a loss of 3.0%. On the week, gains have narrowed significantly: +1.6% for BTC and -0.6% for ETH. This session marks the fourth consecutive day of decline for BTC, which has lost nearly $3,000 since its weekly high. ETH, meanwhile, has undergone a more severe correction, falling below the $3,200 support level, an important psychological level. Technically, BTC is testing the $92,500 support, a key level on the daily chart. A break below this threshold could open the door to a pullback toward $90,000. ETH, with an RSI at 45, is entering bearish territory but is not yet oversold. Trading volumes are slightly increasing, a sign of greater seller participation. Macroeconomic factors remain uncertain, with fears of monetary tightening weighing on overall sentiment. The short-term outlook is bearish, but stabilization is possible if buyers defend the $92,500 support. Next week will be crucial in determining whether this correction is a simple consolidation or the start of a deeper reversal.
