Cryptocurrency markets continued to slide lower on Wednesday.
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Trader Notes: With Bitcoin prices dropping below the $95,000 level, crypto trader Michael van de Poppe highlighted two key points: he initially expected a breakout and the start of a bull market at $100,000, but that hasn’t happened.
Now, he anticipates a dip below the lows to take liquidity before reversing upward, targeting the $90,000-92,000 range.
Crypto trader Jelle sees Bitcoin touching 2025 levels tagged.
Crypto trader Kevin notes Bitcoin that Bitcoin reached $92,507 as forecasted, but there are liquidity blocks at $89,000-$90,000 that he hopes to avoid.
He observes bullish divergences forming on the daily timeframe for altcoins and prefers BTC to hold its current level.
CryptoCon points out that Bitcoin bull markets often begin with early-year volatility.
In the past two cycles, initial January gains were followed by corrections, and this pattern is repeating in the current cycle.
Historical trends suggest that corrections are typically brief, ending within the month and followed by strong rallies into March.
Crypto trader Skew identifies $95,000 as the key level to watch for Bitcoin.
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