Ah, mesdames et messieurs! Gather ‘round, for we embark on a most thrilling tale of Bitcoin, that capricious creature of the digital realm, now frolicking near the audacious sum of $87,800, having momentarily graced us with its presence at $86,000-a veritable nadir in the last moon’s cycle! A week of sorrow has seen it tumble more than 5%, whilst in the past 24 hours, it has elegantly slipped a trifle, nearly 1%!
Analyst Sees a Most Curious Bounce Approaching
Enter our sage, the illustrious Crypto Analyst Junkie, who proclaims with great gusto that Bitcoin has concluded a five-wave bearish ballet à la Elliott Wave Theory, a euphemism for saying, “Oh dear, it’s time to rise again!” Our wise analyst anticipates a fleeting bounce before the next descent into the abyss.
Behold the chart, a wondrous spectacle showcasing a potential ABC correction-an exhilarating rise (A), a dramatic dip (B), and another spirited push upward (C). Should the fates align, Bitcoin may once again flirt with the trendline of yore, potentially waltzing into the $91,000 to $92,000 soirée. Hear ye what Junkie hath to say:
“We may have a bit further down to go ($84k) until 5 waves finishes but if we haven’t reversed already, we will.”
But lo! Enter stage left, The Maverick of Wall Street, a rogue and contrarian soul, who casts a shadow upon our hopes with talk of a bear flag flourishing on the weekly chart. Such a setup, akin to a dark cloud after a tempest, whispers tales of an upward channel followed by a plunge into despair.
Ah, the Bitcoin bear flag doth unfold! Prepare thyselves for the grand descent to $60k! $BTC
– The Maverick of Wall Street (@TheMaverickWS) January 25, 2026
The ominous implications of this bear flag suggest a possible descent to $60,000, a staggering 31% plummet from our recent heights! Furthermore, Bitcoin has tumbled below its 50-week simple moving average (SMA), hovering around $101,000, with the 200-week SMA, near $57,800, looming as a potential sanctuary should this malady persist.
On-Chain Metrics Speak of Lingering Weakness
As if the fates had not played enough tricks, data from Alphractal reveals Bitcoin’s NUPL (Net Unrealized Profit/Loss) in decline yet still clinging to the precipice above zero. Historically, the true nadir arrives only when this metric turns negative-a harbinger of capitulation yet to unveil itself!
Alas, another vital sign, the Delta Growth Rate, has succumbed to negativity, indicating that the whims of speculative buying are waning. A recent chronicle from CryptoQuant reveals more holders parting ways with their precious Bitcoin at a loss-an alarming first in over two years, as profit margins have taken their leave!
Our dear Bitcoin’s fall beneath $88,000 coincides with the great macro pressures brewing-rumors of a US government shutdown and the Fed’s fiscal decisions have instilled a cautious mood amongst investors. The market now perches upon critical support levels; a break below could usher in darker days, while a mere bounce might allow us to revisit previous heights, if only for a fleeting moment!
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2026-01-26 12:46