BTC: The Bear’s New Favourite Tango-Will Crypto Slip Under $60k or Take a Multicoloured Dance Break?

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Forget the romance novels – the real drama right now is the battle between the crypto bulls and weirder, more dignified bears. BTC is stuck in their grip, performing a triangular waltz that ends with a crackling snap below the last local low of $60,000.

Will It Finally Take a Cheap Turkey Dive?

Picture the BTC chart as a London drifter who’s just taken a massive nosedive and now decides to chill behind the corner of a coal‑stove. The first public service announcement: BTC is still very much in a bear market. Yes, the numbers fell so fast it could have been a superhero, but now the only visible action is a sluggish sideways sprain.

Unexpectedly, the bulls aren’t salivating for an ugly bear flag; they’re merely brewing a sentence in which the pennant-once a legend-has approached termination. The lucky bidder? Possibly another swift slide below $60,000, if the market’s Greek goddess decides to indulge her temper.

This would be rather bleak: another leg down, and anybody who’d visited a bone‑crunching winter might nod in sympathy. If it happens, we’ll see BTC morose at $57,000, then again at $54,000, and we’ll close the book with a picture of you sighing at your investment portfolio.

And What About the Golden Back‑Up?

Even as the numbers fishtail sideways, bulls might stage a tiny relief rally – kind of like when Mrs. Bridle insists on marching to the opposite side of the tennis court for the fun of it. A brisk climb back toward $80,000 could, in the belly laugh of market makers, end at about $84,600, as if the chart’s 7‑up‑7‑down game were a wedding dance where everyone sneaks back to the dance floor.

Realmost Sub‑SIM: A New Carved Path?

The daily chart, in its tidy serif, insists that a bearish bias is drifting around. All it takes is a pie slice of BTC to confirm the breakdown and resume downward (or get again) trajectory. But having only two peeks at the top of the triangle gives the bearish bias a Pacific‑ocean sense of casualness.

Perhaps somewhere in this wobbly dance, a local bottom is forming – a footnote in the book of possible relief rally. The headline could be, “The Strudel of Crypto Blooper,” but that’s a different kind of metaphor.

Is the Bear Market Self‑Sufficient?

If you scroll up to the weekly high‑resolution image, you’ll see the two dramatic legs already etched into the chart. A more sinister leg might follow. In the grand scheme of things, 52% of the correction is seemingly shallow enough for a quick elbow‑painy walk in a new pair of black‑and‑white Irish tweed.

Should BTC continue its partial declension, it could hit $53,000, rolling the measured move out of the bear flag full of giddy enthusiasm. A successive reflection downwards might put the figure around $40,000, which would mean a 66% staggering retreat. At last, the farthest the bear could burn the chart will be anywhere around $30,000, setting a total correction that might just get split in half between the original top and an “end” bar.

Which correction is the eventual headline? That’s the crux of the debate at the last up‑down exaggeration conference – the one thing the folks who’re in favor of the current zig‑zagir and those who’re firmly in the reality of previous bear markets cannot see agreed upon.

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2026-02-19 13:48