Bitcoin’s Descent: A Tale of Panic and Peculiar Searches!

Behold, dear reader, the melancholic waltz of the American masses! According to the sacred scrolls of Google Trends, the phrase “Bitcoin to zero” has surged like a drunkard’s last coin purse. For five years, this downtrend has painted the sky with hues of despair, and what do we find? A grotesque spectacle of retail investors clutching their keyboards like talismans, whispering incantations to the void.

  • Lo and behold! The phrase “Bitcoin to zero” has reached a record high in early 2026, scoring a perfect 100-a pinnacle of human despair. Retail fear, it seems, is now a national sport.
  • Previous dips in 2022 and 2025 were but child’s play compared to this current frenzy. The crowd’s panic grows louder than the clamor at a peasant’s wedding.
  • Bitcoin, that fickle beast, trades near $65,950, teetering like a drunkard on a tightrope above $64,000 support. Resistance? A mere suggestion at $68,000, as technical indicators hiss warnings of short-term weakness.

The latest scroll reveals a spike to its zenith in early 2026, a feat worthy of a coronation. The chart, that silent judge, shows prior spikes-2022’s whimper and 2025’s brief tantrum-but the current surge outshines them all, like a candle in a thunderstorm.

For most of 2023 and 2024, interest lay dormant, as if the market had forgotten its own name. Now, the sudden rise whispers of retail anxiety, a collective gasp as Bitcoin consolidates after a sharp drop. History repeats itself, as if the “Bitcoin to zero” searches are but the market’s way of saying, “I told you so!”

Bitcoin’s Ballet of Hesitation

On the daily chart, Bitcoin flails near $65,950, a price that might as well be written in hieroglyphs. This month, it dances in a tight, choppy range, a dignified ballet of hesitation after February’s sell-off nearly sent it tumbling into the $60,000 abyss.

After that brief plunge, BTC staged a modest rebound, only to falter at the $68,000 threshold. Daily candles show rejection near the moving average, as if the price has forgotten how to break through a door.

The 20-day simple moving average looms at $68,278, while the Bollinger Bands stretch from $72,458 to $64,098. Bitcoin, ever the drama queen, clings to the lower band, a tragic hero in a tale of short-term weakness. The Chaikin Money Flow indicator, a faint -0.06, hints at mild outflows-capital fleeing like a peasant from a burning village.

Support near $64,000 is a fragile lifeline; break it, and the descent toward $60,000 becomes inevitable. Resistance? A paltry $68,300 and the lofty $72,500, where the upper Bollinger Band and a prior breakdown zone await like a pack of wolves.

In sum, Bitcoin remains trapped in a cage of its own making, a structural weakness that will only vanish if it dares to reclaim the $68,000-$72,000 realm. Until then, the masses search, the charts sigh, and the void yawns wider.

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2026-02-23 12:00