Bitcoin’s Rollercoaster: Is This the New Low or Just a Dramatic Pause?

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Ah, Bitcoin! That capricious darling of digital finance, which has recently decided to take a most exhilarating plunge-one might even say it has taken a nosedive worthy of the most theatrical of soap operas. Analysts, ever the harbingers of doom, have proclaimed we are witnessing the largest decline in this cryptic currency’s storied history. The price action, having cooled quicker than a cup of tea left on a windowsill, is now under close scrutiny as traders gaze intently at key levels, much like a hawk eyeing a particularly plump mouse.

The MACD: Now with Extra Drama!

Michaël van de Poppe, our resident market oracle, has noted that Bitcoin’s recent escapade has triggered a new low on the 3-day MACD indicator. He grandly declared this drop “was heavier than the 2022 Luna crash, the 2020 COVID crash, or the 2018 bear market.” Well, one can only hope he was not speaking from experience!

#Bitcoin has seen its heaviest crash in the history of the asset. Seriously, hold onto your hats!

The MACD on the 3-Day has never gone this far down. It’s practically a national tragedy.

The crash was heavier than 2022 Luna Crash, 2020 COVID Crash, or the 2018 bear market. Quite the trifecta!

If you’re buying during those times, every time you’re ending up… well, let’s just say it’s not ideal.

– Michaël van de Poppe (@CryptoMichNL) January 8, 2026

The MACD, that ever-dramatic measure of momentum, has plummeted further than a cat off a hot tin roof. Having experienced a sharp reversal from glorious heights of $126,000 in October 2025 to a rather pedestrian low just above $85,000, Bitcoin is currently lounging around the $90,000 mark (per CoinGecko data). One could say it’s enjoying a leisurely afternoon in the sun after an overly boisterous night out.

Despite the apparent calamity, the chart still bears the faintest glimmer of optimism, suggesting a series of higher lows compared to past bear market bottoms. The long-term bullish structure remains intact-like a well-mended pair of trousers, albeit with some questionable patches. However, the short-term sentiment? A touch cautious, I dare say.

From a lofty perch of over $94,600 on Monday, Bitcoin has tumbled to below $89,300 by Thursday, oscillating between $85,000 and $90,000-a range that has steadfastly held for several weeks. It seems to be enjoying a pause in selling, yet clarity on direction continues to elude it like a shy debutante at her first ball.

Moreover, Van de Poppe quite wittily described the current phase as one of “boredom,” while assuring us that there’s “nothing to worry” about if this support holds. His chart reveals the price hovering near $90,500 with a rising trendline below, providing bulls with a modicum of ground to defend. How charming!

Crucial Levels to Watch for Bitcoin

At present, Bitcoin finds itself in a most neutral zone, akin to an undecided voter at an election. To regain upward momentum, it must rise above the ambitious summit of $92,000. Should that elusive threshold remain unachieved, one might find it drifting towards approximately $88,000, where a CME gap beckons like a siren’s call.

Analyst Ali Martinez, ever the cautious sage, warned,

“Bitcoin must hold above $87,200 to avoid a drop toward $69,230.” Ah, the peril!

His daily chart presents a rising triangle structure, though it recently met with rejection at $92,750-a tragedy worthy of any Greek play. A break below the lower trendline would render the pattern null and void, shifting biases decidedly toward the downside. How delightfully dramatic!

Some market participants attribute the tight price range to dealer hedging, as CryptoPotato has reported large players selling into price spikes and buying on dips-thus maintaining Bitcoin’s oscillation between $90,000 and $95,000. Naturally, strong resistance lurks ominously around the $100,000 mark, like a specter at a feast.

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2026-01-09 13:54