Bitcoin has fallen deeper into the dumps this week, briefly breaking below $73,000, and there could be even more crypto carnage ahead, according to several Wall Street shops. The digital asset is approaching its critical level of $70,000, or its price prior to a post-election surge that catapulted bitcoin to its record high just north of $126,000, according to Citi analysts. And if the token breaks below that threshold, it could be in for even more downside over the coming months, they said. “We believe Bitcoin prices are approaching key levels,” Citi analyst Alex Saunders said Tuesday in a note to clients. “We are now below our estimated average US spot-ETF entry price $81.6k and close to the c. $70k pre-US election price.” BTC.CM= 1M…
Feb 04 2026
