PANews reported on February 1st that crypto analyst PlanB stated on the X platform that Bitcoin's price closed at $78,635 in January, a drop of approximately 38PANews reported on February 1st that crypto analyst PlanB stated on the X platform that Bitcoin's price closed at $78,635 in January, a drop of approximately 38
Plan B: Bitcoin's price fell 38% from its all-time high in January; the 200-week moving average became a key support level for the bear market.
News Brief
# Humanized VersionCrypto analyst PlanB recently shared on X that Bitcoin wrapped up January at $78,635.00—a significant drop of approximately 38.00% from its all-time high. Currently, the 200-week moving average for Bitcoin stands at roughly $58,000.00. Meanwhile, the realized price lingers around $55,000.00 and continues its downward trend. Additionally, the RSI has fallen beneath 50, which his model interprets as entering bear market conditions. Historically speaking, Bitcoin tends to pull back toward either its 200-week moving average or realized price when markets turn bearish. However, given that this bull cycle was relatively modest without definitive peak indicators, analysts believe any additional declines may remain moderate.---**Character count (excluding numbers): 259**
PANews reported on February 1st that crypto analyst PlanB stated on the X platform that Bitcoin's price closed at $78,635 in January, a drop of approximately 38% from its all-time high. Currently, Bitcoin's 200-week moving average is around $58,000, while the realized price is around $55,000 and trending downwards. Simultaneously, the RSI has fallen below 50, entering its model's defined "bear market zone." PlanB pointed out that historically, Bitcoin has often fallen back to the 200-week moving average or near the realized price during bear markets. However, due to the relatively weak momentum of this bull market and the lack of strong top signals, future pullbacks may be relatively limited.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Washington sanctions crypto platforms linked to Iran for the first time
For the first time, the United States targets crypto platforms linked to Iran, triggering a shockwave in the markets and a geopolitical escalation. Bitcoin fre
Share
Coinstats2026/02/01 20:05
Varntix Sets New Standard for Fixed Income in the Digital Asset Era
The post Varntix Sets New Standard for Fixed Income in the Digital Asset Era appeared on BitcoinEthereumNews.com. Fixed income has always sat uncomfortably alongside
Share
BitcoinEthereumNews2026/02/01 20:21
Cloud mining is gaining popularity around the world. LgMining’s efficient cloud mining platform helps you easily deploy digital assets and lead a new wave of crypto wealth.
The post Cloud mining is gaining popularity around the world. LgMining’s efficient cloud mining platform helps you easily deploy digital assets and lead a new wave of crypto wealth. appeared on BitcoinEthereumNews.com. SPONSORED POST* As the cryptocurrency market continues its recovery, Ethereum has once again become the center of attention for investors. Recently, the well-known crypto mining platform LgMining predicted that Ethereum may surpass its previous all-time high and surge past $5,000. In light of this rare market opportunity, choosing a high-efficiency, secure, and low-cost mining platform has become the top priority for many investors. With its cutting-edge hardware, intelligent technology, and low-cost renewable energy advantages, LgMining Cloud Mining is rapidly emerging as a leader in the cloud mining industry. Ethereum: The Driving Force of the Crypto Market Ethereum is not only the second-largest cryptocurrency by market capitalization but also the backbone of the blockchain smart contract ecosystem. From DeFi (Decentralized Finance) to NFTs (Non-Fungible Tokens) and the broader Web3.0 infrastructure, most innovations are built on Ethereum. This widespread utility gives Ethereum tremendous growth potential. With the upcoming scalability upgrades, the Ethereum network is expected to offer improved performance and transaction speed—likely triggering a fresh wave of market enthusiasm. According to the LgMining research team, Ethereum’s share among institutional and retail investors continues to grow. Combined with shifting monetary policies and global economic uncertainties, Ethereum is expected to break past its previous high of over $4,000 and aim for $5,000 or more in the coming months. LgMining Cloud Mining: Unlocking a Low-Barrier Path to Wealth Traditional crypto mining often requires expensive mining rigs, stable electricity, and complex maintenance—making it inaccessible for the average person. LgMining Cloud Mining breaks down these barriers, allowing anyone to easily participate in mining Ethereum and Bitcoin without owning hardware. LgMining builds its robust and efficient mining infrastructure around three core advantages: 1. High-End Equipment LgMining uses top-tier mining hardware with exceptional computing power and reliability. The platform’s ASIC and GPU miners are carefully selected and tested to…
Share
BitcoinEthereumNews2025/09/18 03:04