{"id":56162,"date":"2026-02-09T08:23:04","date_gmt":"2026-02-09T08:23:04","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=56162"},"modified":"2026-02-09T08:29:39","modified_gmt":"2026-02-09T08:29:39","slug":"bitcoin-52-to-60000","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/bitcoin-52-to-60000\/","title":{"rendered":"Bitcoin -52% to $60,000"},"content":{"rendered":"\n

Bitcoin fell by about 14% in one day and tested key psychological support at $60,000. We haven’t seen such sharp movements in a long time, and they are reminiscent of market phases when emotions completely take over rationality. The question remains whether this is an attractive buying opportunity or just a short pause before another decline.<\/strong><\/p>\n\n\n\n

You may also like: IBIT investors are losing money<\/strong><\/a><\/h3>\n\n\n\n

What the market really showed<\/h2>\n\n\n\n

Volumes on the spot market were exceptionally high during Thursday’s sell-off, last seen during the correction in April 2024. This time, however, the key difference was in the nature of the daily candle. The market<\/a> closed completely red with no significant upper shadow, clearly signaling the complete dominance of sellers and minimal willingness on the part of buyers to intervene.<\/p>\n\n\n\n

The combination of extreme volumes and a clearly bearish structure is a very negative signal from a technical perspective. The impact of the decline is also visible on publicly known entities. Strategy<\/a>, which has long held Bitcoin as its main reserve asset, has incurred significant unrealized losses in the billions of dollars as a result of the price decline. This shows that even institutional players are not immune to market cycles.<\/p>\n\n\n\n

Don’t miss:FX Junction<\/strong><\/a><\/h3>\n\n\n\n

Or we are in for an even more painful phase<\/h2>\n\n\n\n

Bitcoin<\/a> is currently trading more than 52% below its all-time high and is very likely in the third wave of a bearish trend. This phase is historically the most painful. Despite extreme oversold conditions, selling pressure continues unabated, while buyers remain on the defensive and respond mainly to technical rebounds.<\/p>\n\n\n\n

The current return of the price above $70,000 can be seen more as a relief rally than a confirmation of the bottom. Moreover, history shows that Bitcoin has never rebounded overnight after sharp sell-offs. The bottom is a process that usually takes months, not days, to form. The current development <\/a>should therefore serve primarily as a warning against underestimating risk and a reminder that price development is information, not wishful thinking.<\/p>\n\n\n\n

Read more: MadisonSix<\/strong><\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

Bitcoin fell by about 14% in one day and tested key psychological support at $60,000. We haven’t seen such sharp movements in a long time, and they are reminiscent of market phases when emotions completely take over rationality. The question remains whether this is an attractive buying opportunity or just a short pause before another […]<\/p>\n","protected":false},"author":2,"featured_media":56155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[99,110,93],"class_list":["post-56162","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-bitcoin-en","tag-crypto","tag-cryptocurrencies"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t