Technical Analysis

Analyst Maelius said in an X post that Bitcoin could still drop below $60,000 before a cyclical bottom, pointing to BTC dominance not having rolled over yet. He contrasted this with the 2017 and 2021 patterns. BTC traded around $83,900 at the time of writing.

Bitcoin has come under pressure following a sharp pullback, but short‑term support levels are still holding and momentum indicators point to fading downside pressure. Technical signals such as an RSI reading in the low‑30s on the 4‑hour chart and a contracting MACD histogram align with analyst views that the move is corrective rather than a structural breakdown. Some analysts see the current phase as quiet accumulation after a sentiment flush, with risk‑reward favoring cautious long setups as long as critical support zones remain intact.

On January 30, precious metals sold off sharply, with silver falling up to 36% intraday and gold down more than 12%, according to Bloomberg. The move followed President Donald Trump's nomination of Kevin Warsh as Federal Reserve chair and coincided with Bitcoin sliding to about $82,000 amid intensified spot ETF outflows cited by Bitfinex analysts.

On 30 January, HTX listed USDe and ENA fell to a new low at $0.1484, with a brief bounce to $0.157 that was quickly sold off. Glassnode indicators show ENA has traded below its realized price for over two months, and the share of supply in profit has stayed under 10% since mid‑November.

On January 30, analyst Ali Martinez said on X that XRP could be primed for a short-term bounce if the TD Sequential setup is confirmed at the $1.70 support. The token started the week up roughly 7% before sliding on Wednesday. Meanwhile, US XRP spot ETFs saw outflows exceeding $69 million, and XRP was at $1.74, down 3.26%.

XRP fell 11.27% over the past week and 2.75% in the last 24 hours to $1.70, according to CoinMarketCap. Derivatives open interest rose 2.98% to $1.2 billion as 24‑hour spot volume climbed 20.67% to $4.06 billion; SoSoValue reported $92.9 million in XRP ETF outflows on Friday. Dated futures OI was $1.9 million, down 2.63%, while perpetuals dominated activity.

After a weekly 10% slide to around $0.32, Cardano's February path drew mixed projections from four AI chatbots. ChatGPT sees a late-stage correction with a potential $0.28 low and a $0.31–$0.36 range, while Grok assigns a 40% chance of a dip near $0.28. Perplexity cites recent whale accumulation yet warns of $0.28–$0.30; Gemini's worst case is $0.27, with $0.34–$0.40 as recovery levels.

Bitcoin dropped to about $81,500 on Thursday, January 29, then rebounded above $93,000 on Friday, January 30. In a CryptoQuant Quicktake, CryptoOnchain said Binance's Estimated Leverage Ratio surged to 0.188 during the sell-off, signaling higher liquidation risk. The analyst added that the market is in a high-tension zone and a squeeze could be imminent.

Bitcoin is trading near $83,000 after a sharp slide to about $81,000 earlier in the week, with 24-hour volume around $50 billion, down nearly 40%. Key support sits near $80,500, while resistance has shifted to the $86,400–$90,400 area, leaving BTC in a downward channel and a corrective phase. A daily close above $90,400 could point to a recovery, but failure to hold $80,500 may expose the $76,400 zone.

According to the report, Ripple will unlock 1 billion XRP from escrow on February 1, 2026, a monthly release that is typically followed by re-escrowing about 70–80%, limiting net supply. Ahead of the event, XRP trades at $1.70, down over 2% on the day and more than 11% week over week, below the 50-day SMA at $1.97 and the 200-day SMA at $2.47.