Bitcoin Descends to 2021 Bull Market Top (~$69K–$70K): Will This Key Support Hold? – BTC TA February 5, 2026

The absolute last ditch defence of the bulls is taking place right now. The Bitcoin price fell to $70,000 earlier on Thursday. With $69,000 marking the top of the 2021 bull market, falling beyond this level could lead to much lower bear market prices. How far can the price drop?