Bitcoin has slipped into a bearish setup after dropping below the key $82,000 low from November 2025, with the price recently trading around $78,560 and touching $77,082 in the last 24 hours. Crypto analyst XForceGlobal argues that this breakdown invalidates the prior bullish Elliott Wave structure and forces a new corrective wave count. His updated scenarios outline two distinct bearish paths that both point toward potential downside targets near the $60,000 area before any larger recovery unfolds.

Shytoshi Kusama, Shiba Inu's lead developer and co‑founder, reappeared on X and, on January 29, 2026, hinted at a Sunday moment to address ecosystem issues. One exchange referenced the September 2025 Shibarium Bridge exploit involving $4.1 million. Meanwhile, SHIB trades near $0.0000071, down 1.8% in 24 hours and 10.5% over seven days.

On January 29, 2026, Spot XRP ETFs recorded a $92.9 million net outflow, the largest since launch, then reversed with a $16.79 million net inflow the next day. Cumulative trading volume reached $2.23 billion, marking a new peak, even as XRP slipped to about $1.69 after weekly and daily declines.

Analyst Maelius said in an X post that Bitcoin could still drop below $60,000 before a cyclical bottom, pointing to BTC dominance not having rolled over yet. He contrasted this with the 2017 and 2021 patterns. BTC traded around $83,900 at the time of writing.

Crypto analyst Tony Severino contends that Bitcoin’s primary bullish cycle has already run its course, based on traditional market cycle theory and U.S. ISM PMI data. He notes that the PMI trend of lower highs and lower lows, with the index near 47.9 and key risk levels at 46 and 41.6, signals a weakening backdrop that conflicts with expectations for a fresh major uptrend. Severino also highlights a monthly moving-average breakdown and past 40% to 60% drawdowns, suggesting a potential downside target around $45,000 before any renewed bullish phase.

Ethereum remains under pressure, with four losing months recorded in 2025 and January 2026 tracking toward a fifth. According to CryptoRank, ETH fell 5.59% in September, 22.2% in November, and 0.83% in December. On-chain data shows January down 1.78% so far, while ETH trades above $2,900 after a roughly 5.95% weekly drop.

Dogecoin’s daily chart is showing a potential shift in trend as price compresses around long-term support near $0.12 while a clear bullish RSI divergence emerges. Technical analysis also highlights a developing double-bottom pattern within a descending channel, suggesting weakening bearish momentum and possible accumulation. With Dogecoin trading around $0.1221, reclaiming $0.16 and later $0.31 is seen as key for confirming a stronger upside move.

Retail traders are betting on XRP gains via Robinhood's prediction markets, where the 2026 $2.75 contract is quoted at a $0.66 bid and $0.73 ask. XRP trades around $1.88 after a January 6 rejection at $2.41, while CoinMarketCap's Fear & Greed Index reads 29, and pricing suggests roughly a 40% upside from current levels.

According to commentator Waterman on X, altcoins have previously compressed three to four years of downside into four to six weeks of sharp upside, with a recurring performance window between February and late April or early May. The 2021 cycle saw Solana jump from about $20 to $200 in roughly 50 days, Dogecoin surge from $0.07 to $0.73 in under a month, and Avalanche rally from around $3 to $60 in less than 40 days. While strong Bitcoin dominance and ETF-driven flows have so far limited a broad altcoin season, the coming weeks are being watched closely as investors grow more selective and seek clearer utility beyond meme coins.