Bitcoin faces potential further decline

Bitcoin trades at $66,755, down 47% from its $126,080 all-time high. Analysts warn BTC could fall toward $40,000 before resuming an uptrend.

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$BTC



Japan’s stock market suffers brutal correction, erasing $400 BILLION


The Nikkei has now fallen more than 10% from its June all-time high, officially entering a technical correction after plunging another -4% today, extending its sell-off into a second straight session.



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$MAGIC



3) MAGIC/USDT ✨

MAGIC has formed a strong reaction from the 0.04180 support area. Buyers stepped in aggressively, creating a potential bottom formation.

📈 Holding above 0.04200 keeps the bullish setup alive.

Break above 0.04350 could accelerate momentum toward 0.04570.



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$TAO


🚀 TAO/USDT — Accumulation Before Expansion

TAO has been consolidating after a major correction, but buyers are defending the support zone strongly. Price is attempting to reclaim the Bollinger midline, suggesting a possible trend reversal.

📈 Key levels:

Breakout zone: 215–217

Support: 204–206

A successful breakout could trigger a move toward previous supply zones.



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The difference between 2022 and now is that bears actually thought that bitcoin was dead in 2022 In 2026 only the bears that are completely gullible retards actually think bitcoin is going to zero Despite what people say on X, very few bears actually think bitcoin is going to zero or else everybody would short bitcoin, and I have literally not seen one single legitimate short from anyone This time around, bears and bulls alike have nearly zero conviction in bitcoin going considerably lower than this Psychology is a real bitch

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@treasury_bill A dip below $39 yes but I’m holding out to see which way we are going. I’m feeling like BTC is about to be a tailwind again and I’m super bullish on the thesis of IREN

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₿ Standard Chartered PLC cut its end-2026 Bitcoin target to $100,000 (from $150,000) and warned BTC could fall to $50,000 before stabilizing. The bank cited ETF outflows (~$8B), weaker macro conditions and delayed Federal Reserve rate cuts as key headwinds. It also slashed its Ether 2026 target to $4,000 (from $7,500), with a potential dip toward $1,400 first. Bitcoin is already down >40% from its October peak, though analysts note the selloff has been more orderly than prior crypto crashes 📉 #Bitcoin #Crypto #Markets

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Bears got the edge short term. BTC stuck under 68.6k resistance on 4H death cross. Shorts building fast, longs crowded and vulnerable. Net flow selling. 68.3k now. Drop tests 67.2k support next, then lower if breaks. CPI tomorrow adds flush risk. 85k? Needs volume break of res first. Data not there yet.

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Bitcoin's back in the $50K-$70K zone, showing consolidation signs. Momentum fades as weekly RSI dips into the 40s. Will a breakout redefine $70K as support or resistance? Watch for volatility cues! #Bitcoin

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@DigitalV718 That would be annoying, I held when bitcoin dipped to $16k before and it wasnt super terrible. I bought that dip. May take out some loans this time lol. 🤣

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I haven’t seen this scenario anywhere else. Nobody is calling for BTC to remain irrelevant for the next 3–4 years, just chopping and grinding to the upside while giving a bit of space for other sectors to catch up, as institutions heavily accumulate — similar to what they did with gold after the ETF, they held the price in a neutral range at highs for years without the 70–80% corrections we used to see when exchanges held most of the supply and it was easier to manipulate. Now that the supply is being distributed among more players, it’s harder to manipulate, and the four-year cycle lows are no longer true lows, but rather retests them as higher lows. Why I think this scenario is quite likely is because it would throw everyone off script — both bulls and bears, especially the extreme ones calling for delusional targets. Not 30k, but not 200k either. The head & shoulders at 104–108k could play out into the four-year cycle lows, just to give some PTSD to bears, and from there it could print an ATH between 150–170k a C wave of this big ABC — followed by a final year correction before breaking out, going past 200k and straight toward 500k and beyond. By the way, I’m not an EW expert.