#Bitcoin BTC Price News & Insights Today 5-2-2026 - Technical analysis of #BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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Bitcoin (BTC) is trading at approximately $73,020 as of February 5, 2026, following a sharp 4.8% decline over the last 24 hours. The cryptocurrency is currently facing significant downward pressure, reaching its lowest levels in roughly 15 to 16 months as it approaches a critical psychological support zone near $70,000.
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Bitcoin Insights Today
-Correction from Peak: Bitcoin is now trading roughly 40% below its all-time high of approximately $126,000, which was reached in October 2025.
-Oversold Signals: Technical indicators such as the Relative Strength Index (RSI) have fallen below 30, suggesting the asset is in "oversold" territory. The Fear & Greed Index is currently at a score of 14, indicating "Extreme Fear" among investors.
-Macro Headwinds: The recent slump is attributed to a "crisis of faith" in global markets, driven by concerns over AI capital expenditure sustainability, potential Federal Reserve interest rate holds, and shifting geopolitical tensions.
-Institutional Shift: Analysts at Standard Chartered and other firms note that the "Digital Asset Treasury" (DAT) buying spree has likely peaked, with future price increases expected to be driven primarily by Spot ETF inflows.
-Contrarian Warnings: Investor Michael Burry recently warned of a potential "death spiral" for Bitcoin, suggesting a deeper plunge could trigger massive sell-offs in other assets like gold and silver.
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