Bitcoin and the crypto market are currently under intense (pressure). Bitcoin's price has recently fallen to $68,000, marking the worst start of the year (2026) so far. Market analysts are comparing this decline to the 2018 bear market. 📊 Market Situation: Price Action: BTC has seen a nearly 24% drop from January's high of ($90K). Support Levels: The most important support is currently between $60,000 - $62,000. If this level breaks, the market could move further downward. Fear & Greed Index: The market is in "Extreme Fear" (khauf), which often indicates capitulation (aakhri had tak bikwali). 🔍 Reasons for the Decline (: ETF Outflows: Institutional investors )bade idaray( are withdrawing their funds from Bitcoin ETFs and shifting towards AI and commodities like gold and silver. Liquidity Crisis: A lack of cash and uncertainty in interest rates in global markets have harmed risk-on assets )crypto(. Technical Breakdown: Bitcoin is trading well below its key moving averages )50-day and 200-day EMA(, indicating a bearish trend. 📈 What's Next? Until Bitcoin easily crosses the $80,000 level, the market's "Bullish Reversal" prospects are limited. Short-term traders should exercise caution, while long-term investors see this as a "Buying Opportunity" )Dip purchase(.
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StylishKuri
· 6h ago
To The Moon 🌕
Reply0
StylishKuri
· 6h ago
To The Moon 🌕
Reply0
Discovery
· 6h ago
To The Moon 🌕
Reply0
MasterChuTheOldDemonMasterChu
· 7h ago
2026 Go Go Go 👊
View OriginalReply0
MasterChuTheOldDemonMasterChu
· 7h ago
Wishing you great wealth in the Year of the Horse 🐴
#BitcoinPlungeNearsHistoricLows
Bitcoin and the crypto market are currently under intense (pressure). Bitcoin's price has recently fallen to $68,000, marking the worst start of the year (2026) so far. Market analysts are comparing this decline to the 2018 bear market.
📊 Market Situation:
Price Action: BTC has seen a nearly 24% drop from January's high of ($90K).
Support Levels: The most important support is currently between $60,000 - $62,000. If this level breaks, the market could move further downward.
Fear & Greed Index: The market is in "Extreme Fear" (khauf), which often indicates capitulation (aakhri had tak bikwali).
🔍 Reasons for the Decline (:
ETF Outflows: Institutional investors )bade idaray( are withdrawing their funds from Bitcoin ETFs and shifting towards AI and commodities like gold and silver.
Liquidity Crisis: A lack of cash and uncertainty in interest rates in global markets have harmed risk-on assets )crypto(.
Technical Breakdown: Bitcoin is trading well below its key moving averages )50-day and 200-day EMA(, indicating a bearish trend.
📈 What's Next?
Until Bitcoin easily crosses the $80,000 level, the market's "Bullish Reversal" prospects are limited. Short-term traders should exercise caution, while long-term investors see this as a "Buying Opportunity" )Dip purchase(.