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Bitcoin price tests $80K support, analysts predict potential further declines due to market factors.Bitcoin price tests $80K support, analysts predict potential further declines due to market factors.

Bitcoin Faces Key Support Test Amid Market Uncertainty

Author: CoinLiveSource: CoinLive
2026/02/02 07:26
Key Points:
  • Main event, leadership changes, market impact insights.
  • Critical support for Bitcoin lies at $80K.
  • Potential drop could impact broader crypto market.
Bitcoin Faces Key Support Test Amid Market Uncertainty

Bitcoin is testing key support levels between $80K-$90K, with potential for further drop to $70K if the $80K mark breaks due to technical and macroeconomic factors.

The ongoing price fluctuations highlight market instability, impacting investor sentiment and prompting concerns over future Bitcoin trends amid macroeconomic uncertainty and ETF outflows.

Ethereum Price Falls Below $2,500 Amid Market Volatility

February 2, 2026

Bitcoin Dips Below $81,000 With Major Market Liquidations

February 2, 2026

The current Bitcoin price movement centers around its critical support at $80K-$90K, facing bearish corrections. Analysts highlight potential declines to $70K-$75K or lower if this support breaks. Macro uncertainty and technical breakdowns drive these forecasts.

Leading analysts such as Youwei Yang and Jon Glover project varied price outcomes. Yang anticipates prices between $75K-$225K for 2026, whereas Glover sees potential declines to $70K in a bear market.

The immediate market effects include volatility and potential declines in Bitcoin and related assets like Ethereum. ETF outflows and stablecoin contractions contribute to these shifts. Analysts warn of a more challenging market environment.

The financial implications are marked by a risk-off rotation as seen in the ETH/BTC pair’s weakness. The potential for Bitcoin to break below $91K could further impact crypto market dynamics.

Macro drivers include Fed leadership concerns and geopolitical uncertainties influencing regulatory stances. Analysts foresee continued volatility in market pricing and funding rates.

Historically, Bitcoin has rebounded after bearish corrections, often driven by liquidity injections and institutional interest. A break of current support levels presents significant risks but could also create reaccumulation opportunities.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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