Bitcoin Dives Under 80k as New Buyers Rush – Shocking Market Twist

by

Behold, fair audience, Bitcoin hath slipped beneath eighty thousand dollars for the first time since April of yore. Yet, in this farce of numbers, it doth still outshine gold. While BTC falls with the other tumultuous chorus, its losses are but a merry lilt compared to the metals’ lamentable interdictions.

This obstinate vigor drew a throng of new spectators to the boards. Many an investor, thinking himself Cato of the cash box, deemed the pullback a fair opportunity to amass Bitcoin at a discount fit for the theater’s last act.

The Bitcoin price doth face technical peril. Doji candles, a betrayed 20-day EMA, and a rising wedge proclaim that the defenders are guarding the fortress, not mounting the charge.

If support doth break, Bitcoin may descend toward seventy-seven thousand, as miners spill coins and long-favored buying languishes.

– BeInCrypto (@beincrypto) January 24, 2026

Bitcoin Falls Beneath 80K, Yet Outshines the Gold

Gold endured a brisk downfall as the week drew to its curtain. Between Thursday and Friday, the noble metal tumbled nearly ten percent. In the same breath, Bitcoin slipped about five and a half. A jest of numbers that reveals a change in tastes among the tremulous audience.

While gold has been hailed as a hedge against inflation, Bitcoin shows a more sprightly resilience in the short term. The gentler decline hints at a sturdier appetite for BTC among spectators.

Investors, ever fickle as actors, appear to tilt their purse toward Bitcoin rather than gold amid the current commotion.

Pray, crave more token tidbits? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

On-chain scrolls confirm this merry trend. The Bitcoin network did record a surge of new addresses in the last twenty-four hours, about three hundred thirty-five thousand seven hundred seventy-two new beacons, a two-month high. The greatest daily rise since November of 2025.

The spike arrived as the price slid toward eighty-one thousand dollars, and new players supposed the drop a polite invitation to join the feast.

Fresh address growth, sign of adoption’s dance, foretells renewed interest. Such inflows may fortify demand and lend some steadiness to price during corrections.

The Dip May Yet Extend Its Stay

As the quill writes, Bitcoin treads near seventy-eight thousand dollars. Of late, it hath broken forth from a broadening ascending wedge, a bearish stage direction foretelling about twelve point six percent descent toward the seventy-five thousand eight hundred fifty region.

The rout grew fervent after Bitcoin relinquished the eighty-two thousand five hundred three-dollar bastion. That breach announced a short-term bearish mood. Yet, regaining this level might alter the mood of the gallery. Improved on-chain metrics and rising address growth lend chance to stabilization.

A sturdier recovery would demand that Bitcoin reclaim the eighty-seven thousand two hundred ten dollars as support. To reach that mark would signal a fresh wave of buyer trust and aid BTC in recovering its recent losses. If the current downward current continues, the danger of lower depths lingers.

Failing to clutch the present footing might send Bitcoin toward seventy-eight thousand seven hundred sixty-three; losing that support could open the door to seventy-five thousand eight hundred ninety-five, thereby invalidating the tale of a bullish outlook.

Read More

2026-01-31 21:06