Bitcoin retreats to $90,000, market sentiment shifts—economic outlook determines subsequent direction

【Crypto World】The recent cryptocurrency market has been quite turbulent. Bitcoin surged to $94,000 on January 6th but then pulled back, now consolidating around $90,000, showing some signs of weakness. The entire crypto market has fallen nearly 2% within 24 hours, and the global market capitalization of cryptocurrencies has dropped to $3.2 trillion.

Speaking of which, at the beginning of January, everyone was quite optimistic—ETF funds were flowing in, and the New Year atmosphere also boosted market sentiment, which was quite positive for a while. But these good days didn’t last long. Since the crash in October 2025, the market has been significantly damaged, and investors have been feeling a bit uneasy. Many have simply shifted their focus to traditional safe-haven assets like gold and silver, which have repeatedly hit new all-time highs.

The core issue still lies in macroeconomics—uncertainty is too high, and economic growth is not ideal. These factors continue to dampen investors’ enthusiasm for risk assets. However, some analysts remain optimistic. The CoinCodex team still has a bullish outlook on Bitcoin, predicting that by January 12, 2026, Bitcoin could reattain $100,000, potentially triggering broader gains. The key still depends on whether there are signs of an economic recovery.