January 30 News, Bitcoin continued to sell off at the end of the New York session, officially breaking below the key support level of $84,000 that has held since November 2025, with a low of $81,000, hitting a two-month low. Data shows that over the past 24 hours, crypto long liquidation exceeded $1.6 billion, with Bitcoin longs losing up to $750 million, and price momentum clearly weakening.
From a technical perspective, the opening price of 2026 at $87,000, the 100-day moving average, and the demand zone between $84,000 and $86,000 have all been broken, indicating that the medium-term trend has shifted downward. Meanwhile, the Fear & Greed Index dropped from 26 the previous day to 16, returning to the “Extreme Fear” zone. Crypto Town Hall analysis states that such sentiment often appears during capitulation sell-offs, usually accompanied by high leverage liquidations.
On the macro level, pressure remains. Economist Timothy Peterson pointed out that US consumer confidence is near historic lows. In this environment, funds tend to avoid risk assets, and Bitcoin lacks upward momentum in the short term. He believes that unless sentiment improves, “an upward cycle will be difficult to establish.”
Regarding future targets, several analysts have provided lower ranges. Daan Crypto Trades believes the price may retest the 200-week moving average, which is currently around $57,974, seen as a long-term value zone. This level coincides with the downward target of the bear flag pattern, implying about a 30% downside potential from the current price.
Another analyst, Keith Alan, pointed out that the current weekly chart structure is similar to the bear market phase of 2021–2022. He expects that even if a short-term rebound occurs, BTC could still fall below $74,000 and further test $69,000; if the decline accelerates, it may even approach the $50,000 range within the year.
Against the backdrop of multiple uncertainties, 2026 is viewed by many institutions as a “continuation of the bear market.” Whether Bitcoin can stabilize still depends on substantial improvements in macro sentiment and capital flows.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CryptoQuant Warns of Bitcoin Resistance at $75,000-$85,000 as Traders Turn Bullish Ahead of Fed Meeting
Bitcoin faces potential resistance between $75,000 and $85,000 if its current rally continues, according to onchain analytics firm CryptoQuant, even as derivatives markets show traders positioning aggressively long ahead of the Federal Reserve's March 18 interest rate decision.
CryptopulseElite9m ago
Bhutan Government Transfers 596 BTC Worth $44.44M
Gate News bot message, the Royal Government of Bhutan transferred 596 BTC (valued at $44.44 million) to 2 wallets.
Over the past 19 hours, the government has moved a total of 973 BTC ($72.32 million), which includes 20.5 BTC ($1.52 million) sent to QCP Capital.
GateNews17m ago
SEC Chairman Paul Atkins Proposes Crypto Safe Harbor Framework to Provide Regulatory Exemptions for Token Issuances
U.S. SEC Chair Paul Atkins proposed launching a "safe harbor" exemption program to provide flexible compliance pathways for cryptocurrency companies, including "startup exemptions" and "financing exemptions." The SEC plans to release relevant rule drafts in the coming weeks to clarify the regulatory scope of crypto assets, which could attract more institutional capital into the market.
GateNews36m ago
Bitcoin Spot ETF Net Inflow of 198 Million Yesterday, BlackRock's IBIT Accounts for Over 80%
Gate News reports that on March 18, according to Trader T's monitoring, Bitcoin spot ETF saw total net inflows of $198 million yesterday. Among these, BlackRock's IBIT had net inflows of $168 million, accounting for over 80% of the day's total inflows; Fidelity's FBTC had net inflows of $24.39 million; VanEck HODL had net inflows of $3.17 million; ARK's ARKB had net inflows of $2.48 million; other ETFs had zero inflows for the day.
GateNews41m ago
Citi Group Cuts BTC and ETH 12-Month Price Targets to $112,000 and $3,175
Citigroup has lowered its price forecasts for Bitcoin and Ethereum over the next 12 months due to the stagnation of U.S. cryptocurrency market legislation, with the Bitcoin target price reduced to $112,000 and Ethereum to $3,175, and has also revised down its expectations for ETF demand. Regulatory developments have a significant impact on the market.
GateNews1h ago
