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Will bitcoin continue to slide down to $70k by the end of February?

January 31, 2026 — Bitcoin Faces Intensified Downside Pressure Amid Bearish Trends. As Bitcoin’s price continues its recent downward trajectory, market participants are closely watching whether the cryptocurrency will extend losses toward $70,000 or manage a reversal to $95,000 before the end of February. On Saturday, BTC slid to around $78,700, its lowest level in months, driven by broader risk-off sentiment and strengthening U.S. dollar dynamics after speculation around a more hawkish Federal Reserve chair appointment. Sellers dominated as speculative positions unwound, pushing BTC below key psychological supports. Reuters Bitcoin’s decline has been persistent, with consecutive monthly losses marking one of the longest drawdowns in recent years. Some analysts point to macroeconomic headwinds and waning liquidity in risk assets as factors that could further pressure prices. A fresh slump could see BTC challenge support zones near $70,000, levels many technicians see as critical for longer-term trend validation if broken. Reuters However, not all views are strictly bearish. A mix of technical indicators suggests that oversold conditions could invite short-covering rallies, and significant resistance near the $90,000 - $95,000 band remains a key hurdle for bulls if sentiment shifts. Resolution Criteria: This market will resolve to yes if bitcoing hits $70k by the end of February and No if it doesn't .