Bitcoin price analysis: Economic headwind presses the price down

• Bitcoin tested the $ 92,000 mark yesterday after it had fallen from a weekly high of $ 102,000 due to the increasing sales pressure.
• macroeconomic factors reveal doubts about the market thickness, since a persistent inflation gives rise to concern.
• Spot crypto-ETFS recorded great drains on Wednesday after the notes were published for the Fed's session.

The Bitcoin Prize has fallen from a maximum of $ 102,667, which was reached on Tuesday, January 7th, to $ 94,890.00 at the time of publication, but remains within the last H4 demand zone.

While the demand zone between $ 92,000 and $ 97,000 may be the last level of support in the H4 time frame, a broader market view shows that BTC is in the daily time frame in a premium zone, so that a decline under $ 92,000 is still bringing the price into a bullish area.

The best technical purchase levels are either the last breakthrough of the structure in the daily time frame or at the 50 %fibonacci level from the lowest point to breakthrough.

There are two fair value gaps to which the price could react. Although this is not large zones, you could support a return to the external high at $ 108,000 or a short recovery before a further sale until the first probable support zone.

This all depends on Bitcoin falls below the $ 91,000 mark.

Meanwhile, spot crypto ETFs recorded on Wednesday, January 9, after the publication of the FED session protocol, which shows that the Fed is careful with regard to inflation and the effects of Trump's impending politics.

BTC ETFs lost $ 568.8 million on Wednesday, while ETH-ETFs lost $ 159.4 million, with the greatest depression at Fidelity ($ 258.7 million for BTC and $ 147.7 million for ETH).