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Just 30 days into 2026, and the crypto market is already entering a more bearish territory.
Bitcoin (BTC) and other cryptocurrencies have begun sliding and crashing in chunks. By Jan. 30, Bitcoin was trading at $81,847.15. This is a 21% slide in a year.
As Bitcoin sentiment continues to decline, analysts are predicting bear market conditions to last longer and with lower price targets.
As per CoinGlass data, the total liquidation at press time stood at $1.38 billion in 24 hours, with BTC taking the largest share at $563.95 million.
According to trader and analyst Daan Crypto Trades, markets would retest the 200-week moving averages, which have “often been great value areas for long-term buys."
The 200-week moving average (200 WMA) is a long-term technical indicator that smooths price data by averaging an asset’s closing prices over the past 200 weeks.
In crypto and stock markets, it helps identify long-term trends, support levels, and potential reversal zones for major assets like Bitcoin.
“The closer you can accumulate to these MAs, the better value you're getting,” the analyst said in a post on X, adding:
Right now, the 200-week WMA is at $57,651.15 as per CoinGlass.
Such a move would mean a 30.23% decline from the current price and a 34.4% drop from the all-time high at $126,000.
This article has been published in thestreet.com via Yahoo News.
Analyst warns Bitcoin could crash toward $57,000
Just 30 days into 2026, and the crypto market is already entering a more bearish territory. Bitcoin (BTC) and other cryptocurrencies has begun sliding and crashing in chunks. By Jan. 30, Bitcoin was trading at $81,847.15. This is a 21% slide in a year. As Bitcoin sentiment continues to ...
finance.yahoo.com
