🤔 Bitcoin: Panic Sell or Buy the Dip? |21 Jan 26|

😰 $225 Billion Erased from the Cryptocurrency Market in a Matter of Days!

 

Welcome back to

BULL MARKET BYTES

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Your byte of cryptocurrency insight where Bitcoin’s recent nosedive has the entire cryptocurrency market guessing what will happen next . . .

Should we grab the popcorn or blood pressure medication?

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN

📊 OUR BOLD PREDICTION

Bitcoin dove into the deep end of the pool and forgot the arm floaties haha.

With its recent drop of ~$8,000 since our newsletter released on Saturday, the cryptocurrency market is spinning into a frenzy.

In the past few days alone, $225 billion has been erased from the crypto market!

It doesn’t appear that everyone is keen on selling during this turbulent time. Maybe a recovery is around the corner?

📊 KEY STATISTICS

  • Overall Market Capitalization = $3.02T

    • (200B decrease since Saturday)

  • Bitcoin Market Capitalization = $1.78T

    • (120B decrease since Saturday)

  • Bitcoin’s ROI in January = 1.95%

📊 BITCOIN’S DAILY MOVEMENT

We are getting tired of the same ole game . . .

We watch Bitcoin’s price recover slowly for weeks on end and then everything disappears in a matter of days!

With Bitcoin’s recent nosedive, everyone is jumping ship, but they are forgetting one interesting fact . . . Bitcoin is still +1.95% for January!

So, where did it all go wrong for Bitcoin? (a tad dramatic, we know haha).

World news is a driving factor in all markets, and we bear witness to that as all markets are suffering from a massive price pullback.

For cryptocurrency specifically, in a 72-hour span, Bitcoin plummeted through 5 . . . we repeat, 5 support lines!

What was our saving grace?

The major support at $88,472.61 caught Bitcoin’s freefall! We now hope that an upward price movement is the result of the overextension.

Don’t worry, we are going to get more in-depth below in our “What to Anticipate” section. Check it out!

🧠 MARKET PSYCHOLOGY

It is no surprise that the bears are controlling the Bitcoin market . . . for the time being, of course.

There are two emotions that continuously sway the market at any given time - greed and fear.

Let’s be real, cryptocurrency investors are panic selling like there is no tomorrow (insert face palm emoji, haha)!

  • Long (bullish) traders = 48.35%

  • Short (bearish) traders = 51.65%

 

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🔮 WHAT TO ANTICIPATE

As stated in Saturday’s newsletter . . .

“As Bitcoin fights tooth and nail for the next support level, we have witnessed time and again months of hard work can be lost in hours.

What could occur? Bitcoin could push back towards $92,064.05 and into the $80,000’s which could flip the market and cause mass panic . . .”

Well, this pretty much sums up the market . . .

Let’s put a point on the board for us for the prediction and take the point away in remembrance of our portfolios haha!

📈 BULLISH SCENARIO

With a drastic downward movement, it is easy to predict that an upward pullback will occur . . . but how much will Bitcoin’s price recover?

At the moment, Bitcoin’s next resistance line to overcome is $90,377.19 which is also held down by an ascending resistance . . . double whammy!

However, the next 24 hours is Bitcoin’s opportunity to have an explosive upward movement to recover loss ground.

In a best-case scenario, Bitcoin could recover to ~$92,064.05 but will need to continue sideways to confirm that resistance has converted to support.

📉 BEARISH SCENARIO

Well, there is definitely a multitude of “bearish scenarios” to go around . . .(sigh) let’s get this over with haha!

Bitcoin is holding at $88,472.61, but for how long?

Every hour that passes without Bitcoin pulling back to reclaim “lost territory,” heightens the chances of Bitcoin plummeting through $88,472.61.

If $88,472.61 does not hold, $85,938.76 is next in line to support Bitcoin before reaching $81,322.51.

If Bitcoin falls below $81,322.51 . . . bye bye, bull market! (in our opinion, of course haha).

👀 WATCH FOR THIS NEXT

It all boils down to Bitcoin’s reaction in the next 24 hours . . . yes, 24 hours!

We desperately need upward momentum to combat the recent downward overextension.

If Bitcoin breaks above $90,377.19, $92,064.05 will be the next key resistance and then $93,123.16.

If Bitcoin continues sideways with no upward momentum, Bitcoin will create a bear flag formation and breaking below $88,472.61 is inevitable!

🧠 OUR OVERALL THOUGHTS

What a start to 2026!

We thought this year may be different. Then again, we thought 2020 would be different . . . and it definitely was haha!

In all seriousness, the market has taken a tumble, but it isn’t “game over” just yet!

Bitcoin is still positive in January; it is still holding near the all-time high . . . we can’t lose faith so easily!

To our fellow bulls, trade smart, stay safe, and may the bull guide your gains!

BULL MARKET BULLETIN 📌

$1.8 Billion Liquidated in 48 Hours! The cryptocurrency market drops $225 billion alone as markets tank across the board! Time to panic or buying opportunity?

Satoshi-Era Wallet Moves $85 Million in Bitcoin! Another Satoshi-Era whale has moved 909 Bitcoin . . . this is never good for the market!

BULLISH OR BULLSH*T? 🤔

🤝 Your opinion matters (we promise)! Give us a rating below and tell us what rocked, what flopped, and what we should charge at next!