Bitcoin (BTC) Death Cross Sparks Fears of 70% Price Crash

Bitcoin trades close to $89.5K as a 2-day dying cross and bear flag elevate draw back danger, with analysts eyeing $60K–$40K targets.

Bitcoin (BTC) is buying and selling at round $89,000 as of press time. Over the previous 24 hours, the worth has dipped barely, whereas the 7-day change reveals a drop of seven%. With buying and selling quantity reaching $39 billion, merchants are watching the charts as new technical indicators counsel extra draw back could comply with.

Demise Cross Seems Once more

Crypto Crew College reported that Bitcoin has printed a 2-day dying cross. This happens when the 50-period transferring common crosses beneath the 200-period transferring common. It’s a sample that many merchants view as a bearish signal.

In 2014, 2018, and 2022, the identical dying cross appeared in the same place. After every one, Bitcoin dropped between 50% and 70%. Crypto Crew College identified that every of those drops was preceded by a brief bounce. “That bounce has typically been the bull entice,” they mentioned, referring to a short rally that tends to lure merchants again in earlier than the following leg down.

⚠️ #Bitcoin has printed a 2-day dying cross in a traditionally vital place.

The final 3 instances this occurred (2014, 2018, 2022), BTC fell 50–70%. 📉

Historical past additionally reveals a rally to the 50 MA first…
That bounce has typically been the bull entice.

Are you paying consideration? 🧐 pic.twitter.com/Edf68G5pAI

— Crypto Crew College (@CryptoCrewU) January 22, 2026

Furthermore, one other analyst, Titan of Crypto, posted that Bitcoin continues to be transferring inside a rising wedge that has been growing for years. The worth just lately touched the higher trendline and has since pulled again. On the present chart, a bear flag is now forming inside that wedge.

Bear flags typically present up after a quick transfer down. If the decrease a part of the sample breaks, the asset tends to proceed falling. Titan of Crypto famous that if the present flag breaks decrease, the following key degree might be the underside of the wedge. This trendline has acted as assist throughout earlier corrections.

Bitcoin Worth Targets Between $40K and $60K

Lofty, one other market watcher, recommended that the present cycle appears to be like virtually similar to 2021. They wrote,

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“If the 4-year cycle continues to be in play, $BTC will dump to $40,000 in two weeks.”

As beforehand reported, veteran dealer Peter Brandt additionally talked about that if the present setup breaks decrease, Bitcoin may attain between $58,000 and $62,000.

Nonetheless, merchants on prediction platform Kalshi estimate a 64% likelihood that Bitcoin will break $100,000 earlier than June 2026. This reveals that some are nonetheless anticipating larger costs long-term regardless of short-term dangers.

In the meantime, Crypto Waterman reported that giant holders have been shopping for Bitcoin closely in the course of the latest dip. These wallets maintain between 1,000 and 10,000 BTC.

“The underside may be very shut now,” they posted.

In addition they talked about that in each 2017 and 2021, comparable accumulation phases got here simply earlier than main rallies. Whereas merchants debate whether or not the highest is already in, some consider the market is establishing for a much bigger transfer.