Bitcoin price prediction: BTC dips below $70,000

A report from Crypto says the crypto market is still struggling, with no clear sign that the selling has ended. Bitcoin fell near $69,000 on Feb. 5, 2026, its lowest level since October 2024.

BTC has traded in a wide $69,060–$76,075 range amid a sharp spike in volatility, posting daily losses of 8.7% and weekly declines near 21%, and has dropped nearly 45% from its all-time high of $126,198 set four months ago.

The selloff was driven by long liquidations, weakness in U.S. tech stocks, and spot Bitcoin ETF outflows, creating a risk-off market environment that quickly wiped out leveraged positions and kept traders on edge.

Technically, Bitcoin failed to hold $70,000, with the next potential target around $67,500 and resistance at $76,100; a clean break above $76,100 could open the way toward $78,500–$80,000. The market remains choppy and the odds of further downside have risen, with lower support zones could be in play and traders on high alert.

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