{"id":132909,"date":"2026-02-05T22:00:11","date_gmt":"2026-02-05T22:00:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=132909"},"modified":"2026-02-05T22:00:11","modified_gmt":"2026-02-05T22:00:11","slug":"why-the-bitcoin-price-could-quickly-revisit-81000-again-after-the-crash","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=132909","title":{"rendered":"Why The Bitcoin Price Could Quickly Revisit $81,000 Again After The Crash"},"content":{"rendered":"

The Bitcoin price has gone through an intense bout of volatility over the past few days, with a violent sell-off <\/a>that has dragged its price into the $70,000 range. The move wiped out short-term bullish positioning<\/a> and forced the price below several intraday support levels. Although there are risks of further downside<\/a>, Bitcoin is now looking to stabilize and push to reclaim important reference levels. A technical outlook suggests that a path back to the $81,000 region could open up faster than expected if certain conditions are met.<\/a><\/p>\n

Sweep Of The Yearly Low<\/h2>\n

One of the most important developments on the chart is the sweep of the last <\/a>yearly candle low around $74,456. That move flushed liquidity resting below prior lows and was a clear downside grab that had been waiting for months.\u00a0<\/p>\n

In terms of a market-structure perspective, this type of sweep is a reset point that clears weak hands and allows price to build a more stable base. The bounce that followed pushed Bitcoin back to $77,000, a move that shows buyers were willing to defend the area after the liquidation event. This is now transitioning into a decision zone<\/a>, which is where the next directional move becomes more important.<\/p>\n

As noted by crypto analyst Minga on the social media platform<\/a> X, Bitcoin went back to testing the weekly open just below $77,000. Holding above it would mean that the recovery has real follow-through, which in turn would allow the price to revisit the monthly open at $78,700. The chart shared by the analyst also shows multiple equal highs stacked above that region, right within the previous range low.<\/p>\n

Together, these elements form a pocket of unfinished business. If Bitcoin reclaims and sustains acceptance above the weekly open, the probability of a push through the monthly open increases, with that momentum then potentially carrying price into the $80,000s, where prior range liquidity is around $81,000.<\/p>\n\n

Bitcoin Price Chart. Source: @Mingarithm on X<\/a><\/p>\n

Downside Scenario And The Relief Bounce Zone Below<\/h2>\n

There is a valid alternate path<\/a> if Bitcoin\u2019s advances continue to reject at the weekly open, which is looking like the case in the current price action. In that case, there is a deeper downside target between $70,800 and $69,100. This area stands out as a high-confluence zone that aligns with a higher-timeframe order block, the 0.5 Fibonacci retracement, and the last cycle\u2019s all-time high in 2021.\u00a0<\/p>\n

At the time of writing, Bitcoin is trading at $70,930, down by 7.2% in the past 24 hours and is now at risk of losing $70,000. If price holds above this zone after the current test, then Bitcoin is likely to transition into a range before attempting continuation and breaking above $81,000.<\/p>","protected":false},"excerpt":{"rendered":"

The Bitcoin price has gone through an intense bout of volatility over the past few days, with a violent sell-off that has dragged its price into the $70,000 range. The move wiped out short-term bullish positioning and forced the price below several intraday support levels. Although there are risks of further downside, Bitcoin is now […]<\/p>\n","protected":false},"author":0,"featured_media":132910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-132909","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\/132909"}],"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=132909"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/132909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/132910"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=132909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}