Bitcoin has been under strain after its largest decline in history, according to analysts. The price action has cooled after a rapid drop, while traders watch key levels to gauge the next move.<\/p>\n
Micha\u00ebl van de Poppe, a market analyst, noted that Bitcoin\u2019s recent decline triggered a new low on the 3-day MACD indicator. He stated that this drop \u201cwas heavier than the 2022 Luna crash, the 2020 COVID crash, or the 2018 bear market.<\/em>\u201d<\/p>\n #Bitcoin<\/a> has seen its heaviest crash in the history of the asset.<\/p>\n The MACD on the 3-Day has never been going this far down.<\/p>\n The crash was heavier than 2022 Luna Crash, 2020 COVID Crash, or the 2018 bear market.<\/p>\n If you\u2019re buying during those times, every time you\u2019re ending up\u2026 pic.twitter.com\/nhgT4Rn075<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) January 8, 2026<\/a><\/p>\n\n The MACD, which tracks momentum, has fallen further than in any past cycle. It reflects a sharp reversal from highs near $126,000 in October 2025 to a recent low just above $85,000. At the time of writing, Bitcoin is trading around $90,000 (per CoinGecko data).<\/p>\n Despite the scale of the drop, the chart still shows a series of higher lows compared to past bear market bottoms. This has kept some long-term bullish structure in place, though short-term sentiment remains cautious.<\/p>\n Bitcoin dropped from over $94,600 on Monday to below $89,300 on Thursday. It has mostly stayed between $85,000 and $90,000. This range has held for several weeks, suggesting a pause in selling but no clear direction yet.<\/p>\n Moreover, Van de Poppe described<\/a> the current phase as one of \u201cboredom<\/em>,\u201d noting Bitcoin is holding above the 21-day moving average. He added, \u201cNothing to worry,<\/em>\u201d if this support continues to hold. His chart shows the price hovering near $90,500 with a rising trendline below, giving bulls some ground to defend.<\/p>\n At the moment, Bitcoin is in a neutral zone. To get the upward momentum, it has to move above 92,000. In case that level is not regained, the price may drift down to around $88,000, where there is a CME gap to be closed.<\/p>\n Analyst Ali Martinez warned<\/a>,<\/p>\n \u201cBitcoin must hold above $87,200 to avoid a drop toward $69,230.\u201d<\/p>\n His daily chart shows a rising triangle structure, but with a recent rejection at $92,750. A break below the lower trendline would cancel the pattern and shift bias to the downside.<\/p>\n Some market participants point to dealer hedging as a reason for the tight price range. As CryptoPotato<\/em> reported<\/a>, large players are reportedly selling into price spikes and buying on dips, which keeps Bitcoin trading between $90,000 and $95,000. Strong resistance remains around the $100,000 mark.<\/p>\n The post Worse Than the Covid Crash? Bitcoin\u2019s New \u2018Record Low\u2019 Signal Explained<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin has been under strain after its largest decline in history, according to analysts. The price action has cooled after a rapid drop, while traders watch key levels to gauge the next move. 3-Day MACD Falls to Record Low Micha\u00ebl van de Poppe, a market analyst, noted that Bitcoin\u2019s recent decline triggered a new low […]<\/p>\n","protected":false},"author":0,"featured_media":125861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-125860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125860"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125860"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/125861"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Crucial Levels to Watch for Bitcoin<\/h2>\n