The Currency analytics
By James Thorp
Bitcoin crashed under $87,000. Bears smell blood.
The world's top crypto hit $98,000 resistance before tumbling hard, closing last week at $86,588 on January 26, 2026. Short sellers pile on now. They want Bitcoin in the low $70s.
The $87,000 floor cracked. Now $84,000 stands as the last line of defense for bulls who bought the dip too early and watched their portfolios bleed red.
A daily close under $84,000 spells disaster. Bitcoin could nosedive to $72,000 or even $68,000 faster than traders can hit the sell button.
Bulls must hold $84,000 or face total capitulation. Corporate earnings drop this week. Nobody knows if Bitcoin will dance to Wall Street's tune or march to its own drummer.
Charts tell a grim story. Bitcoin's weekly close slipped below the 100-week Simple Moving Average. Bad sign.
No bullish sparks anywhere. Path of least resistance points down.
JPMorgan and Goldman Sachs reported mixed quarterly earnings on January 25, 2026. These Wall Street giants move markets. When they sneeze, crypto catches a cold.
Binance data from January 24, 2026 shows short positions creeping higher. Traders bet against Bitcoin after it failed to hold above $98,000. Smart money sees weakness.
Crypto analyst Alex Krüger tweeted on January 26, 2026: "With the MACD showing no signs of a bullish reversal and the RSI still in bearish territory, Bitcoin is in a precarious…
Big money waits on the sidelines. Fidelity Digital Assets hasn't changed its Bitcoin stash as of January 25, 2026. They're watching. Waiting.
Grayscale Investments took a hit. CoinDesk reported on January 26, 2026 that the firm's Bitcoin Trust holdings dropped 5% last week. Assets under management shrinking fast.
Kraken exchange saw Bitcoin futures volume explode on January 25, 2026. Most trades? Short positions. Sarah Jennings from Kraken says they're ready for the storm.
Michael van de Poppe told Bloomberg on January 24, 2026 that this crash might be a gift. "Buy the dip," he suggests.
The Fed looms large this week. Interest rate decisions shake crypto markets. Higher rates usually mean more volatility. Traders adjust risk appetite when central bankers speak.