{"id":132665,"date":"2026-02-05T09:17:11","date_gmt":"2026-02-05T09:17:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=132665"},"modified":"2026-02-05T09:17:11","modified_gmt":"2026-02-05T09:17:11","slug":"why-bitcoin-price-is-in-danger-explained-with-rainbows-41","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=132665","title":{"rendered":"Why Bitcoin Price is in Danger, Explained With Rainbows (41)"},"content":{"rendered":"<p>Bitcoin price is dead. Again. At least that is what the iconic Rainbow Chart is signaling as <\/p>\n<p>\t<span class=\"cwp-coin-widget-container\"><\/span><\/p>\n<p>\t\t<!-- name of the coin in the text --><br \/>\n\t\t<span class=\"cwp-coin-widget-wrapper\"><br \/>\n\t\t\t<span class=\"cwp-coin-widget-holder \"><br \/>\n\t\t\t\t<span class=\"cwp-coin-name\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-icon \"><\/span><\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-label \">Bitcoin<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-symbol hidden\">BTC<\/span><\/p>\n<p>\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-price hidden\">$71,133.08<\/span><br \/>\n\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend  negative\">3.62%<\/span><br \/>\n\t\t\t\t\t<\/span><\/p>\n<p>\t\t\t\t<br \/>\n\t\t\t<br \/>\n\t\t<\/p>\n<p>\t\t<!-- popup with basic info about the coin --><br \/>\n\t\t<span class=\"cwp-coin-popup-wrapper \"><br \/>\n\t\t\t<span class=\"cwp-coin-popup-holder\"><br \/>\n\t\t\t\t<span class=\"cwp-coin-name\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-icon\"><\/span><\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-popup-name\">Bitcoin<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-popup-symbol\">BTC<\/span><br \/>\n\t\t\t\t<br \/>\n\t\t\t\t<span class=\"cwp-coin-price\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-price-value\">$71,133.08<\/span><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t\t<span class=\"cwp-coin-trend negative\">3.62% \/24h<\/span><br \/>\n\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<\/span><br \/>\n\t\t\t\t<\/span><br \/>\n\t\t\t\t<span class=\"cwp-coin-volume\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-volume-value\">$66.07B<\/span><br \/>\n\t\t\t\t\t&lt;!&#8211; <span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend\">?<\/span><br \/>\n\t\t\t\t\t<\/span>                     &#8211;&gt;<br \/>\n\t\t\t\t<br \/>\n\t\t\t\t<span class=\"cwp-coin-chart\"><br \/>\n\t\t\t\t\t<span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-graph-container negative\"><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t\t\t\t<span class=\"cwp-coin-link\"><br \/>\n\t\t\t\t\t\t<a href=\"https:\/\/99bitcoins.com\/goto\/bestwallet\" target=\"_self\" class=\"cwp-coin-custom-link\" rel=\"noopener\"><br \/>\n\t\t\t\t\t\t\tLearn more\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t<\/span><\/p>\n<p>\t\t\t<\/p>\n<p>\t\t<br \/>\n\t<\/p>\n<p>\t drifts near $72,000 in early February 2026, below its recent peak of $78,725.<\/p>\n<p>Crypto Twitter sentiment now rivals the despair seen after the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-hit-1-dollar\/\" target=\"_blank\" rel=\"noopener\">FTX collapse<\/a> in 2022, with many arguing this halving cycle has already failed.<\/p>\n<p>The rainbow chart has been getting bent more and more each year. If we were still using the OG chart from 2016 the price would be miles below the actual rainbow; it originally had <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">BTC into the $1,000,000+<\/a> range by now.<\/p>\n<p>(Source: <a class=\"general-link\" href=\"https:\/\/bitbo.io\/\" target=\"_blank\" rel=\"noopener\">BitBo<\/a>)<\/p>\n<p>Thanks, rainbowman, I accumulated lots above 100k because this chart told me to. Now what? They should post a rainbow touching the Earth.<\/p>\n<p>The Rainbow Chart tracks Bitcoin against emotional bands from \u201cBitcoin is dead\u201d to \u201cBubble territory.\u201d The chart has logged 457 <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/bitcoin-obituaries\/\" target=\"_blank\" rel=\"noopener\">Bitcoin obituaries<\/a> since 2010. It\u2019s not predictive, it\u2019s psychological. Purple and blue mean capitulation. Orange and red mean mania.<\/p>\n<p>Here are the two other factors why many say this bear market is only getting started:<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\">20+ Next Crypto to Explode in 2026<\/a><\/strong><\/p>\n<h2>1. Clarity Act Emergency Talks Collapse With Accusations Against Trump and the UAE<\/h2>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p>Crypto policy just became a criminal investigation.<\/p>\n<p>New York Senator Chris Murphy accused Trump of \u201cpotentially criminal conduct\u201d with the UAE pouring money into Trump family crypto ventures via <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\">World Liberty Financial<\/a>, then overseeing immediate approval of crypto legislation.<\/p>\n<p>According to reporting by The Wall Street Journal, roughly $187 Mn was directed to Trump family entities and another $31 Mn to the family of special envoy Steve Witkoff.<\/p>\n<p>Murphy cited a $500 Mn transaction in which UAE-backed Aryam Investment acquired 49% of World Liberty Financial four days before Trump took office, framing the sequence as a textbook quid pro quo.<\/p>\n<p>\u201cThat is corruption. Those are the elements of a bribe. This is potentially criminal conduct.\u201d -Chris Murphy, U.S. Senator, Senate Floor Remarks<\/p>\n<p>(Source: <a class=\"general-link\" href=\"https:\/\/polymarket.com\/event\/clarity-act-signed-into-law-in-2026\" target=\"_blank\" rel=\"noopener\">Polymarket<\/a>)<\/p>\n<p>Crypto Twitter is debating if the democrats don\u2019t hate crypto more than Trump; he is just trying to cash in on it as long as he can. He was never really pro crypto.<\/p>\n<p>The accusations surfaced as the White House hosted a closed-door crypto summit with Ripple, Coinbase, Kraken, Tether, and Circle, attempting to hammer out stablecoin yield provisions tied to the CLARITY Act.<\/p>\n<p>No agreement was reached, but a February deadline now looms.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">Top 20 Crypto to Buy in 2026<\/a><\/strong><\/p>\n<h2>2. Are The Bears Right? Crypto Supercyclists Down Hard in 2026<\/h2>\n<p>Some traders see more downside. Crypto trader <a class=\"general-link\" href=\"https:\/\/x.com\/rektmando\" target=\"_blank\" rel=\"noopener\">Rektmando<\/a> argues Bitcoin lacks structural support until the mid-to-low $60,000 range, with others pointing to $67,000 as a possible cycle floor.<\/p>\n<p>Pressure is not isolated to Bitcoin. Ethereum has fallen sharply from above $3,000, with a large leveraged position reportedly facing liquidation near $1,800.<\/p>\n<p>Veteran investor Michael Burry added fuel by sharing a logarithmic Bitcoin chart suggesting a topping pattern similar to prior cycle peaks.<\/p>\n<p><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> Patterns <a href=\"https:\/\/t.co\/Ax595mNXrD\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/Ax595mNXrD<\/a><\/p>\n<p>\u2014 Cassandra Unchained (@michaeljburry) <a href=\"https:\/\/twitter.com\/michaeljburry\/status\/2019189561705001055?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">February 4, 2026<\/a><\/p>\n\n<p><strong><span>DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"noopener\"><span>Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2026<\/span><\/a><\/strong><\/p>\n<h2>Noah\u2019s Ark-Type Washout Coming? What the Data Actually Says<\/h2>\n<p>Bitcoin dropped 17.5% to 20% year-to-date by early February 2026\u2014from $87,500 to the low $70,000s. Rising Treasury yields crushed risk assets across the board.<\/p>\n<p>Meanwhile, supercyclists like Raoul Pal, Arthur Hayes, and Tom Lee keep calling for new all-time highs even after they\u2019ve been dead wrong. The $67,000-$70,000 zone is critical. Break below that and $60,000 comes fast.<\/p>\n<p>Until the hopium dies, the fall continues. Just remember, after the flood is the rainbow.<\/p>\n<p><strong>EXPLORE: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/ethereum-is-dying-or-is-this-the-biggest-buy-signal-of-the-decade\/\" target=\"_blank\" rel=\"noopener\">Ethereum Is Dying, Or Is This the Biggest Buy Signal of the Decade?<\/a><\/strong><\/p>\n<p><strong>Follow 99Bitcoins on <a class=\"general-link\" href=\"https:\/\/x.com\/99BitcoinsHQ\" target=\"_blank\" rel=\"noopener\">X<\/a> For the Latest Market Updates and Subscribe on <a class=\"general-link\" href=\"https:\/\/www.youtube.com\/@99bitcoins\" target=\"_blank\" rel=\"noopener\">YouTube<\/a> For Daily Expert Market Analysis\u00a0<\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p>        Bitcoin price is dead. Again. At least that is what the iconic Rainbow Chart is signaling as the price spirals around $72K    <\/p>\n<p>        Meanwhile, supercyclists like Raoul Pal, Arthur Hayes, and Tom Lee keep calling for new all-time highs even after they\u2019ve been dead wrong.    <\/p><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/why-bitcoin-price-is-in-danger-explained-with-rainbows-41\/\">Why Bitcoin Price is in Danger, Explained With Rainbows (41)<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is dead. Again. At least that is what the iconic Rainbow Chart is signaling as Bitcoin BTC $71,133.08 3.62% Bitcoin BTC Price $71,133.08 3.62% \/24h Volume in 24h $66.07B &lt;!&#8211; ? &#8211;&gt; Price 7d Learn more drifts near $72,000 in early February 2026, below its recent peak of $78,725. Crypto Twitter sentiment now [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-132665","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/132665"}],"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=132665"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/132665\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=132665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}