Bitcoin's price closed at $91,332 on January 7, marking a 2.54% decline from the previous day. The cryptocurrency experienced a high of $93,714.60 and a low of $90,624.30. The recent surge in Bitcoin's price has led to profit-taking, resulting in a short-term correction. Meanwhile, macroeconomic factors remain stable, with no significant movements in stocks or interest rates. The altcoin market is also adjusting, with funds shifting back to Bitcoin. Whale activity indicates mixed strategies, with some moving Bitcoin from unknown wallets to exchanges for short-term profit-taking and hedging, while others are absorbing dips by transferring Bitcoin from exchanges to unknown wallets. Despite these movements, there is no clear trend reversal. Market analysts note that Bitcoin is testing support levels previously seen as resistance. A break below these levels could see prices drop to the $88,000-$89,000 range. Traders are advised to monitor the buildup of long positions in derivatives, which could fuel further declines.