{"id":131570,"date":"2026-02-02T02:41:07","date_gmt":"2026-02-02T02:41:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=131570"},"modified":"2026-02-02T02:41:07","modified_gmt":"2026-02-02T02:41:07","slug":"bitcoin-price-cant-reclaim-80k-putting-70k-on-the-radar","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=131570","title":{"rendered":"Bitcoin Price Can\u2019t Reclaim $80K, Putting $70K On The Radar"},"content":{"rendered":"

Bitcoin price started a major decline below $80,000. BTC is down over 10% and might soon test the $70,000 support zone.<\/em><\/p>\n

Bitcoin failed to remain above $82,500 and started another decline.
\nThe price is trading below $80,000 and the 100 hourly simple moving average.
\nThere is a bearish trend line forming with resistance at $79,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might dip further if it trades below the $75,000 and $74,000 levels.<\/p>\n

Bitcoin Price Dips Again<\/h2>\n

Bitcoin price failed to remain stable above the $85,000 zone. BTC started a major decline<\/a> below the $83,200 and $82,500 levels. The bears were able to push the price below $80,000.<\/p>\n

It spared major bearish moves, pushing the price below $78,000. A low was formed at $75,665, and the price is still signaling more downsides. There is also a bearish trend line forming with resistance at $79,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $78,500 and the 100 hourly simple moving average. If the price remains stable above $75,000, it could attempt a fresh increase. Immediate resistance is near the $78,500 level. The first key resistance<\/a> is near the $79,200 level or the 23.6% Fib retracement level of the downward move from the $90,440 swing high to the $75,665 low.<\/p>\n

<\/a><\/p>\n

A close above the $79,200 resistance might send the price further higher. In the stated case, the price could rise and test the $82,000 resistance. Any more gains might send the price toward the $83,000 level or the 50% Fib retracement level of the downward move from the $90,440 swing high to the $75,665 low. The next barrier for the bulls could be $84,000 and $84,500.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $79,200 resistance zone, it could start another decline. Immediate support is near the $76,200 level. The first major support is near the $75,500 level.<\/p>\n

The next support is now near the $75,000 zone. Any more losses might send the price toward the $72,000 support in the near term. The main support sits at $70,000, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $75,500, followed by $75,000.<\/p>\n

Major Resistance Levels \u2013 $79,200 and $82,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a major decline below $80,000. BTC is down over 10% and might soon test the $70,000 support zone. Bitcoin failed to remain above $82,500 and started another decline. The price is trading below $80,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $79,200 […]<\/p>\n","protected":false},"author":0,"featured_media":131571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-131570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131570"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131570"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/131571"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}