Bitcoin Price Set to Plunge to $58K: Expert Predicts Major Market Crash
- Market Turmoil Intensifies: After Bitcoin's price plunged to $77,000 on January 31, trader Peter Brandt predicts a further drop to $58,000, indicating ongoing volatility and uncertainty in the market.
- Historical Trend Analysis: Based on a long-term chart of Bitcoin's performance since 2012, Brandt notes that the current price is within a historically significant range of $37,000 to $62,000, suggesting potential strong buying opportunities, but also indicating a pullback towards $58,000.
- Monthly Candle Warning: The January 2026 candle shows a high of $97,939 and a low of $75,555, indicating heavy selling pressure as Bitcoin failed to sustain above $100,000, which could lead to further price declines.
- Investor Caution Advised: Brandt's warning underscores the volatility of the cryptocurrency market, urging investors to prepare for a potential crash towards $58,000, with the coming weeks being crucial for Bitcoin's market trajectory.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0611 | 0.0687 | 0.0776 | 0.0852 | 0.0941 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0955 | 0.102 |
About MAJOR
About the author
