Analysts from Compass Point identify the emergence of an “air gap” in the Bitcoin market., 2026/02/03 20:42:36

Analysts from the American investment bank Compass Point have reported the emergence of an “air gap” in the Bitcoin market between the key support levels of $70,000 and $80,000.

Compass Point believes that the cryptocurrency market remains under pressure, and Bitcoin may face a new wave of price decline. According to the bank’s analysts, the nearest support level is estimated to be in the range of $60,000 to $68,000, where long-term investors frequently made significant purchases in the previous cycle.

“An ‘air gap’ is forming between the prices of $70,000 and $80,000 — an area where structural support is limited, and the activity of long-term holders is minimal (less than 1% of participants). A drop in Bitcoin’s price could be quite sharp if new buyers do not emerge,” the bank’s experts stated.

Should the leading cryptocurrency fall below $70,000, the next support point may be around $55,000, the analysts suggested. They believe that additional negative factors, such as a crash in the U.S. stock markets and bankruptcies of major crypto companies, would be necessary for this scenario to unfold.

In the absence of such events, the market will likely remain in the final phase of a bearish trend, where further price adjustments depend on the global economic situation, the Compass Point experts noted.

Previously, specialists from the on-chain platform CryptoQuant indicated that the Bitcoin market has come under the control of new large investors, each holding more than 1,000 coins over the past few months. These “new whales” are particularly responsive to fluctuations in the price of the leading cryptocurrency.