Le bitcoin continue de glisser, lentement mais sûrement, vers la zone symbolique des 70 000 dollars. Après plusieurs tentatives de stabilisation avortées, le marchéLe bitcoin continue de glisser, lentement mais sûrement, vers la zone symbolique des 70 000 dollars. Après plusieurs tentatives de stabilisation avortées, le marché

Bitcoin à 70 000 $ : quand s’arrêtera la chute du BTC ?

2026/02/05 18:00
3 min read

Le bitcoin continue de glisser, lentement mais sûrement, vers la zone symbolique des 70 000 dollars. Après plusieurs tentatives de stabilisation avortées, le marché semble désormais confronté à une réalité plus inconfortable : l’essoufflement de la demande. Derrière la baisse des prix, les signaux on-chain racontent une histoire plus profonde.

Bitcoin continue sa chute et s’approche des 70 000 $

Depuis plusieurs semaines, le BTC évolue dans une dynamique clairement défavorable. Les rebonds existent, mais ils manquent de suivi. Chaque tentative de reprise est rapidement vendue, traduisant moins une panique qu’une absence de conviction. C’est précisément ce que soulignent les dernières données on-chain.

Les indicateurs de CryptoQuant montrent un marché entré en mode bear structurel. Le Bull Score Index est tombé à zéro, un niveau rarement observé hors des phases de marché franchement baissières. Contrairement à une simple correction technique, la participation elle-même se contracte. Les volumes spot restent faibles et la liquidité se resserre progressivement.

Le retournement des flux institutionnels pèse lourd dans l’équation. Les ETF Bitcoin spot américains, moteurs majeurs de la demande en 2025, sont désormais vendeurs nets. Ce basculement crée un déficit de demande mesuré en dizaines de milliers de BTC sur un an. Le signal est d’autant plus préoccupant que la prime Coinbase reste négative, suggérant un désengagement persistant des investisseurs américains.

Même le marché des stablecoins envoie un message clair. La capitalisation de l’USDT recule pour la première fois depuis 2023, indiquant que l’argent frais ne rentre plus dans l’écosystème au même rythme. Historiquement, sans expansion monétaire ou afflux de stablecoins, les phases haussières ont du mal à se construire.

Techniquement, le tableau reste fragile. Le bitcoin évolue sous sa moyenne mobile à 365 jours et les zones de valorisation on-chain convergent vers un support majeur compris entre 70 000 et 60 000 dollars. Une zone qui pourrait attirer des acheteurs, mais seulement si le contexte s’y prête.

Quand prendra fin le mouvement baissier sur BTC ?

La question n’est pas tant de savoir si le bitcoin peut rebondir, mais dans quelles conditions un plancher durable peut se former. À court terme, les éléments manquent. Le marché reste dépendant d’un facteur clé : la liquidité globale.

Sur le plan macroéconomique, les attentes sont claires. Les marchés de prédiction anticipent majoritairement un statu quo de la Réserve fédérale lors de la réunion d’avril, avec peu d’espoir de baisse de taux avant juin. Cette absence de catalyseur monétaire limite l’appétit pour les actifs à risque, bitcoin compris.

Le contexte politique ajoute une couche d’incertitude. Les déclarations récentes de Donald Trump sur la politique monétaire et son futur président de la Fed brouillent la lecture du calendrier. Les investisseurs hésitent à anticiper un assouplissement rapide, préférant rester en retrait.

Dans ce cadre, le bitcoin se comporte de plus en plus comme un actif technologique à fort bêta, sensible aux tensions sur les marchés actions. Tant que cette corrélation persiste, chaque pression sur les valeurs tech se répercute mécaniquement sur le BTC.

Cela ne signifie pas pour autant une capitulation imminente. Les données Glassnode montrent davantage un vide de demande qu’un excès de vente. En clair, le marché ne panique pas, il s’absente. Ce type de configuration peut précéder une phase d’accumulation lente, surtout si les prix s’enfoncent vers des zones de valeur long terme.

La fin du mouvement baissier dépendra donc moins d’un signal technique isolé que d’un retour progressif de la liquidité et de la confiance. De son côté, Bitcoin Hyper est un layer-2 de Bitcoin en prévente qui parvient à attirer des millions de $ en seulement quelques semaines.

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