If you haven’t already ready your lifejacket for the crypto rollercoaster, crypto analyst Dave the Wave has just issued a stern reminder that BTC’s latest dip is…spicy. Turns out, $90k wasn’t a support level-it was a dare.
With 154,700 Americanos on caffeine-fueled Twitter, Dave has sounded the alarm that BTC needs to hold around $88k or prepare for a deeper plunge. Somewhere, a bear’s belly rumbles.
“BTC chance of another leg down if this level cannot hold.”
If Dave’s right, BTC might take a scenic route back to the $70k “support” party-a 22% freefall for those of you who forgot this is a casino in crypto-speak. In “logarithmic terms,” Dave insists this 25% drop feels “reasonable,” to which we say: logarithmic prophets, unnecessary.
“Some recent price action though is currently opposing this outlook in the formation of an ascending triangle…” Sure, just like a man proposes to his girlfriend while balancing a flaming rod on his forehead. Dramatic, but flaky.
“…Here price is likely to meet macro support at around the $70k level…” Presumably, that’s where the skeletons in Honeycomb wallets emerge to dance cheek-to-cheek with gas fees.
Veteran trader Peter Brandt, who correctly called BTC’s 18th birthday crash (3rd inning, 2018), is also on the “woe-is-me” bandwagon. You know it’s grim when the market’s equivalent of Dr. Doom says “brace for impact.”
Bitcoin, which politicians and influencers claimed was bulletproof, is trading at $89,890, up 1.6% today-which is to say: it’s on a leash now, not a leash you care to be on.
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2026-01-23 11:22