Bitcoin price targets extend down to $58K as BTC prints new death cross

Market Intelligence Analysis

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Why This Matters

Bitcoin's price is expected to extend its decline, with new targets set at sub-$60,000 levels, as it failed to break out of its trading range.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Bitcoin failed to break out from its macro trading range, according to analysis, with new BTC price targets including a return to sub-$60,000 levels.

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Full article on CoinTelegraph
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Original article published by CoinTelegraph on January 20, 2026.
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