The post Bitcoin Crashes Below $70K: Key Buying Levels as 4-Year Cycle Repeats appeared on BitcoinEthereumNews.com.

The post Bitcoin Crashes Below $70K: Key Buying Levels as 4-Year Cycle Repeats appeared first on Coinpedia Fintech News Bitcoin has broken below the major trendline that supported the entire bull run. Crypto analyst Nathan Sloan of Investing Made Simple laid out the key levels to watch and why the 4-year cycle suggests this crash may follow a familiar pattern. After failing to reclaim $100,000, which flipped from support to resistance, Bitcoin flushed down past $70,000 and is currently trading around $65,845. But this sell-off isn’t limited to crypto. Gold is correcting sharply, silver dropped 10% in a single day, and the NASDAQ is pulling back as well. Bitcoin 4-Year Cycle Points to a Familiar Pattern Sloan highlighted that averaging the 2017 and 2021 cycle tops closely predicted the exact market top this cycle. That makes the 4-year cycle harder to dismiss as a coincidence. Bitcoin has now posted five consecutive red months since October. That has only happened once before, during the 2018 bear market, which saw six in a row. A relief rally is statistically overdue since Bitcoin has never posted more than six consecutive negative months. Historically, cycle bottoms have landed around October. Bitcoin Buying Levels to Watch Sloan outlined four price zones he considers important. The $70,000 level, the previous all-time high from the 2021 cycle, has already been broken. Bitcoin is now trading well below what Sloan considers a strong long-term entry zone. The $63,000 level, now less than 4% below current prices, would mark a 50% drawdown from the all-time high. At that level, simply returning to the prior high would mean a 2x return. The 200-week moving average sits just below $60,000 and is rising. Sloan flagged this as a historically reliable level. Every major crypto crash has either touched or broken below…

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Filed under: News - @ February 6, 2026 11:30 am