NewsBTC
Feb 2, 2026
3 0

BEARISH 📉 : Bitcoin price drops below $80,000 amid bearish trend

Bitcoin Price Decline

  • Bitcoin price dropped over 10%, currently trading below $80,000.
  • Failed to hold above $82,500, with further decline expected.
  • Bearish trend line resistance at $79,200 observed on the BTC/USD pair.
  • Potential further dip if it breaches $75,000 and $74,000 levels.

Current Market Analysis

  • BTC has decreased significantly from its high of $90,440, reaching a low of $75,665.
  • Price is currently below the 100 hourly simple moving average.
  • A move above the $79,200 resistance could lead to a rise towards $82,000 and potentially $83,000.
  • Next major resistance levels are $84,000 and $84,500.

Bitcoin Price

Possible Further Losses

  • If BTC fails to surpass $79,200, a decline might occur again.
  • Immediate support is around $76,200, with major support at $75,500.
  • Further declines could test supports at $72,000 and $70,000.
  • Main technical indicators suggest bearish momentum: MACD is in bearish zone; RSI is below 50.