Bitcoin’s Death Cross: The Sky is Falling… Again?

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In the dusty plains of the crypto market, where the winds of speculation howl and the shadows of uncertainty loom, Bitcoin (BTC) stands at a crossroads. At the time of this scribbling, it trades at a humble $89,000, a number that seems to wobble like a drunkard on a tightrope. Over the past day, it’s taken a slight tumble, and the week has seen it shed 7% of its luster. The trading volume, a hefty $39 billion, whispers of restless hands clutching at charts, their eyes wide with the fear of what might come.

The Death Cross: A Harbinger or a Sideshow?

The so-called sages at Crypto Crew University have declared that Bitcoin has birthed another death cross, a two-day affair where the 50-period moving average slinks beneath the 200-period like a thief in the night. They claim it’s a sign of doom, a bearish omen that has, in the past, heralded drops of 50% to 70%. In 2014, 2018, and 2022, this cross appeared, and each time, the market took a nosedive. But let’s not forget the brief bounce, the “bull trap,” that lures the greedy back in before the floor gives way. “Are you paying attention?” they ask, as if the world isn’t already glued to their every word.

#Bitcoin has printed a 2-day death cross in a historically important position.

The last 3 times this happened (2014, 2018, 2022), BTC fell 50-70%.

History also shows a rally to the 50 MA first… That bounce has often been the bull trap.

– Crypto Crew University (@CryptoCrewU) January 22, 2026

Meanwhile, Titan of Crypto, another prophet of the charts, points to a rising wedge that has been forming for years, like a noose tightening around the neck of the market. The price, he says, has touched the upper trendline and retreated, leaving a bear flag fluttering in the wind. If this flag breaks, the next stop could be the bottom of the wedge, a trendline that has played the role of savior in past corrections. But will it hold, or will it snap like a dry twig?

Price Targets: A Game of Guess and Gasp

Lofty, a market watcher with a name that seems to mock the very idea of humility, claims this cycle mirrors 2021. “If the 4-year cycle is still in play, $BTC will dump to $40,000 in two weeks,” they declare, as if the market were a clock that ticks to their command. Peter Brandt, a veteran trader with a name that sounds like it belongs on a bottle of whiskey, suggests a fall to between $58,000 and $62,000 if the current setup crumbles. Yet, on the prediction platform Kalshi, traders see a 64% chance of Bitcoin breaking $100,000 by June 2026. Hope springs eternal, even in the face of the death cross.

But not all is gloom. Crypto Waterman, a name that evokes images of a man fishing in a sea of zeros and ones, reports that large holders have been scooping up Bitcoin during the dip. These wallets, holding between 1,000 and 10,000 BTC, seem to believe the bottom is near. “The bottom is very close now,” they proclaim, as if they’ve just felt the first stirrings of a great fish on the line. In 2017 and 2021, similar accumulation phases preceded major rallies. Could history repeat itself, or is this just another tale told by fools to comfort themselves in the dark?

“The bottom is very close now,”

– Crypto Waterman

As traders argue whether the top is in or if the market is coiling for a greater leap, one thing is certain: the crypto world is a theater of the absurd, where every dip is a disaster and every rise a revolution. So, grab your popcorn, folks, and watch the show. Just don’t bet the farm-unless you’re ready to lose it.

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2026-01-23 13:09