Why Everyone Thinks Bitcoin Is Dead – A Comical Dive into Market Fear

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In the great theater of our modern age, where digital coins dance like fireflies in a summer night, an alarming exclamation has reverberated across the land: “Bitcoin is going to zero!” This proclamation, born from the depths of Google Trends in the month of February in the year 2026, has reached its zenith, capturing the attention of both the curious and the cautious.

To the uninitiated, such a declaration might invoke a sense of dread, as if the very foundation of their financial dreams were crumbling beneath them. Yet, for the seasoned contrarian, it presents a most delightful opportunity-the chance to wade into the fray and seize what others so desperately cast aside.

Our dear companions at AMBCrypto have taken upon themselves the noble task of examining the historical spikes of this foreboding phrase “Bitcoin going to zero,” revealing a curious correlation with the price of this enigmatic asset. Indeed, it seems that such spikes have heralded not despair, but rather the emergence of local bottoms in the market cycle-a veritable phoenix rising from the ashes of fear.

Is Another Market Bottom Looming?

As one endeavors to overlay the patterns of human folly-represented by the search terms-onto the capricious whims of BTC‘s price, an intriguing narrative unfolds. It appears that every time panic gripped the collective psyche, marked by frantic searches, the market would find itself at a precipice, ready to rebound.

Take, for instance, the fateful month of May in 2021; a plunge of 55% saw Bitcoin tumble from heights of over $60k to a mere $30k. In that very moment, the frenzied searches for “Bitcoin going to zero” peaked, reaching a high of 58. What followed? The emergence of a local bottom, leading our hero, BTC, to soar to a staggering $69k-a peak that would echo through the annals of cryptocurrency history.

Yet, the saga did not end there. As the bear market tightened its icy grip, Bitcoin fell to the depths of despair, flirting briefly with $20k before finally settling at $16k in December. But fear not! For just as winter gives way to spring, BTC rallied nearly eightfold, reaching a majestic $126k by the close of 2025.

Such is the cycle of life in the realm of cryptocurrencies, where spikes of despair seem to coincide with turning points-a dance as old as time itself.

Indeed, similar spikes occurred in the months of June and December of 2022, the latter marking the lowest ebb of the market cycle, while the spike of November 2025 coincided with a brief resurgence at $80k, before yet another fall from grace.

Now, as we stand at the crossroads of January and February 2026, the search term “BTC going to zero” has surged to a dramatic 100. Could it signal a potential local bottom in the vicinity of $60k? Only time will tell, dear reader!

Is It Time to Buy the Fear?

If one were to view these peaks in search interest as signals of extreme capitulation or peak fear, they might discover a prime opportunity for long-term investment. After all, why not buy when others are panicking? It’s practically a rite of passage in the world of finance!

The Bitcoin Rainbow chart, that whimsical yet insightful pricing model, suggests that BTC is presently nestled within the “Bitcoin is dead” zone-a realm historically inhabited by market cycle bottoms. In other words, while fear reigns supreme, a golden window to acquire BTC may be wide open.

However, let us not rush to conclusions! The unfolding dramas surrounding the CLARITY Act, the confirmation of Kevin Warsh as Fed chair, and the results of the U.S. midterm elections shall certainly play their roles in determining whether this market bottom truly holds or merely teeters on the brink.

Final Summary

  • The recent surge in “Bitcoin going to zero” may well signal a potential local or market cycle bottom above $60k.
  • The whimsical Bitcoin Rainbow chart indicates we are currently in the “BTC is dead” zone, a place known for marking past market cycle bottoms.

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2026-02-20 13:43