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Crypto Bulls Lost the Wheel as Bitcoin and Ethereum Roll Over

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Crypto Bulls Lost the Wheel as Bitcoin and Ethereum Roll Over

22 Jan Crypto News

Today’s price action in Bitcoin and Ethereum confirms something important: both markets have rolled over, and momentum is shifting back to the downside. 

Market Context

Crypto just flipped into a very “decision-heavy” zone. What looked at first glance like a bullish continuation last week quickly turned into a classic breakout trap, and now both BTC and ETH are trading like the market is looking for lower liquidity pockets before it can even think about another upside attempt. 

Bitcoin: What’s Really Going on Here? 

Bitcoin Chart

To frame today’s setup, let’s go back to the last week’s quote:

“(…) bulls (…) pushed price into the red resistance zone (as expected) and closed the day above prior highs and the red resistance line,…

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