It has taken just over 48 hours for the primary cryptocurrency to erase all gains registered since the start of the year and dumped below $92,000.<\/p>\n
The altcoins have also been suffering a lot lately, which begs the question (again) of whether this bull market has been halted.<\/p>\n
<\/a>BTCUSD. Source: TradingView<\/p>\n Ever since the all-time high registered on December 17 at over $108,000, the primary cryptocurrency has been on a predominantly bearish trajectory that drove it to $91,300 last Monday, which became a monthly low.<\/p>\n It managed to bounce off in the following days and even spiked above $100,000 earlier this week, but that was short-lived as the overall market sentiment remains unfavorable.<\/p>\n The rejection at $100,000 pushed the asset south hard, losing<\/a> several grand in the past few days. Earlier today, bitcoin dumped below $92,000 for the first time this year, thus erasing<\/a> more than $10,000 since the Tuesday peak.<\/p>\n Crypto analyst Ali Martinez warned that BTC had breached to the downside the $92,500 support level, which spells troubles for the asset. In fact, he argued that bitcoin could plunge below $90,000 and even beneath<\/a> $80,000 in the next several weeks.<\/p>\n The $92,500 support broke, you know where next! https:\/\/t.co\/8qo7ulq4mJ<\/a><\/p>\n \u2014 Ali (@ali_charts) January 9, 2025<\/a><\/p>\n\n Others were more bullish, indicating that BTC had yet to reach its peak during this cycle. Mags told their 101,000 followers on X that bitcoin is still consolidating and is now retesting the local bottom, which is actually a buying opportunity for the next leg up.<\/p>\n #Bitcoin<\/a> \u2013 Don\u2019t miss the bottom again!<\/p>\n BTC has entered the 6th range of this cycle. Since the $15.5k bottom, every leg up has been followed by a consolidation range.<\/p>\n Each range = sideways price action, fakeouts (both sides), then a breakout.<\/p>\n We\u2019re now in the 6th range, and\u2026 pic.twitter.com\/lbYs6w4oa7<\/a><\/p>\n \u2014 Mags (@thescalpingpro) January 9, 2025<\/a><\/p>\n\n Crypto Rover was also on the bulls\u2019 side, indicating<\/a> that the \u201cnext move higher is imminent.\u201d<\/p>\n The post Bitcoin Price Loses $10K in 2 Days After Dropping Below $92K: Where Is the Bottom?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" It has taken just over 48 hours for the primary cryptocurrency to erase all gains registered since the start of the year and dumped below $92,000. The altcoins have also been suffering a lot lately, which begs the question (again) of whether this bull market has been halted. BTCUSD. Source: TradingView Ever since the all-time […]<\/p>\n","protected":false},"author":0,"featured_media":34426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34425","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\/34425"}],"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=34425"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/34426"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD. Source: TradingView<\/p>\nEver since the all-time high registered on December 17 at over $108,000, the primary cryptocurrency has been on a predominantly bearish trajectory that drove it to $91,300 last Monday, which became a monthly low.<\/p>\nIt managed to bounce off in the following days and even spiked above $100,000 earlier this week, but that was short-lived as the overall market sentiment remains unfavorable.<\/p>\nThe rejection at $100,000 pushed the asset south hard, losing<\/a> several grand in the past few days. Earlier today, bitcoin dumped below $92,000 for the first time this year, thus erasing<\/a> more than $10,000 since the Tuesday peak.<\/p>\nCrypto analyst Ali Martinez warned that BTC had breached to the downside the $92,500 support level, which spells troubles for the asset. In fact, he argued that bitcoin could plunge below $90,000 and even beneath<\/a> $80,000 in the next several weeks.<\/p>\nThe $92,500 support broke, you know where next! https:\/\/t.co\/8qo7ulq4mJ<\/a><\/p>\n\u2014 Ali (@ali_charts) January 9, 2025<\/a><\/p>\n\nOthers were more bullish, indicating that BTC had yet to reach its peak during this cycle. Mags told their 101,000 followers on X that bitcoin is still consolidating and is now retesting the local bottom, which is actually a buying opportunity for the next leg up.<\/p>\n#Bitcoin<\/a> \u2013 Don\u2019t miss the bottom again!<\/p>\nBTC has entered the 6th range of this cycle. Since the $15.5k bottom, every leg up has been followed by a consolidation range.<\/p>\nEach range = sideways price action, fakeouts (both sides), then a breakout.<\/p>\nWe\u2019re now in the 6th range, and\u2026 pic.twitter.com\/lbYs6w4oa7<\/a><\/p>\n\u2014 Mags (@thescalpingpro) January 9, 2025<\/a><\/p>\n\nCrypto Rover was also on the bulls\u2019 side, indicating<\/a> that the \u201cnext move higher is imminent.\u201d<\/p>\nThe post Bitcoin Price Loses $10K in 2 Days After Dropping Below $92K: Where Is the Bottom?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"It has taken just over 48 hours for the primary cryptocurrency to erase all gains registered since the start of the year and dumped below $92,000. The altcoins have also been suffering a lot lately, which begs the question (again) of whether this bull market has been halted. BTCUSD. Source: TradingView Ever since the all-time […]<\/p>\n","protected":false},"author":0,"featured_media":34426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34425","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\/34425"}],"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=34425"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/34426"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BTCUSD-11.png\"){kind=link}