Bitcoin plunged below $61,000, completing a violent unwind that has erased all post-election gains tied to Donald Trump’s return to the White House.
And analysts at 99Bitcoins see that while Bitcoin already gigadumped to a natural support level, stocks have only experienced a slight correction. This means things could get worse.
Stocks still have lots of room to go down, and Bitcoin is not just gonna crab while this is happening; it’s gonna go down too. Which means it’s gonna break this nice support level it found here.
Basically, unless stocks recover right now,
Bitcoin
0.15%
Bitcoin
BTC
Price
$63,538.42
0.15% /24h
Volume in 24h
$23.22B
Price 7d
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could go lower.
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2026
Why Is Bitcoin Dropping So Much? The Pattern That Broke the Market
On lower timeframes, the structure is clear. Bitcoin carved out a distribution top and resolved into a textbook head-and-shoulders breakdown. That pattern has already played out with a relief bounce, not a reversal.
Bitcoin’s price is rebounding into prior breakdown zones where sellers previously overwhelmed bids.
Key levels now define the battlefield. The $64,000, 64,500 area is the first bounce zone where buyers finally showed up.
Failure here exposes $60,000-61,000 as the next downside target. Any rebound toward $68,000-70,000 runs straight into heavy resistance, former support turned supply.
DISCOVER: 20+ Next Crypto to Explode in 2026
What’s Next For BTC USD? Indicators Confirm a Counter-Trend Bounce
Volatility expanded sharply during the selloff, with Bollinger Bands blowing out as price rode the lower band. That is classic forced liquidation behavior and the current bounce is pressing toward the mid-band, but contraction has not started, keeping downside risk elevated.
Short-term moving averages are bearish. The 20-day slopes down, rejecting price. The 200-day sits overhead, declining. We’re watching post-death-cross behavior, not an early-cycle dip.
MACD stays deeply negative with minimal recovery and momentum relief, not reversal. Volume confirms the heavy selling into the breakdown and short covering, not real demand.
CoinGecko data shows Bitcoin is now down more than 50% from its cycle high, while CME futures open interest has fallen sharply, confirming deleveraging.
DISCOVER: Top 20 Crypto to Buy in 2026
Is New Crypto Asset Bitcoin Hyper The Best Presale In 2026?
While the market crashes into oblivion (you’re buying those dips right, anon?) Bitcoin Hyper is emerging as a utility coin to the top crypto project: Bitcoin. The Layer-2 uses Bitcoin for final settlement while pushing speed and smart contracts off-chain, preserving security while unlocking functionality that Bitcoin itself cannot natively support.
By February 2026, the presale had raised roughly $31.2 Mn, with later rounds pricing the token around $0.0136752.
A Q2 launch is widely expected for Bitcoin Hyper, though exchange listings remain unconfirmed.
The Future IS $HYPER. 🔥
31M Raised! 🚀https://t.co/VNG0P4GuDo pic.twitter.com/KPxcSkiStV
— Bitcoin Hyper (@BTC_Hyper2) January 26, 2026
By opening Bitcoin to DeFi, gaming, and tokenized real-world assets, HYPER broadens use cases and trims the circulating supply, two factors that can favor price.
Bitcoin Hyper is closing in on $35 Mn raised, with less than a day to go before its $0.0136752 token round ends. If risk on return crypto presales like Bitcoin Hyper are looking to lead the way.
Visit Bitcoin HyperJoin the Utility Wave with BTC Hyper Now
EXPLORE: Ethereum Is Dying, Or Is This the Biggest Buy Signal of the Decade?
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Key Takeaways
- Senate Democrats emerged from a closed-door meeting on the Clarity Act and crypto market structure with urgency and anxiety.
- Bitcoin Hyper is closing in on $35 Mn raised, with less than a day to go before its $0.0136751 token round ends.
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