{"id":1225023,"date":"2026-02-08T11:25:07","date_gmt":"2026-02-08T09:25:07","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1225023"},"modified":"2026-02-08T11:25:07","modified_gmt":"2026-02-08T09:25:07","slug":"la-chute-du-bitcoin-sous-les-70-000-relance-le-spectre-du-cycle-baissier","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/fr\/news-and-analysis\/market-insights\/la-chute-du-bitcoin-sous-les-70-000-relance-le-spectre-du-cycle-baissier\/","title":{"rendered":"La chute du Bitcoin sous les 70 000 $ relance le spectre du cycle baissier"},"content":{"rendered":"

Bitcoin<\/a> et Ethereum<\/a> subissent actuellement une chute prononc\u00e9e. Le Bitcoin est venu tester le niveau des 70 000 dollars, un plus bas depuis novembre 2024 tandis que l\u2019Ethereum a touch\u00e9 les 2 000 dollars soit un plus bas de juin 2025. Son plus bas d\u2019avril est \u00e0 1 400$ !<\/p>\n

Ce r\u00e9cent mouvement refl\u00e8te la convergence de sorties de capitaux institutionnelles, du respect du cycle de 4 ans, le tout amplifi\u00e9 par un contexte macro\u00e9conomique fragile.<\/p>\n

Pour la premi\u00e8re fois depuis le lancement des ETF aux Etats-Unis, il vient de se produire trois mois cons\u00e9cutifs de ventes nettes. Ceci a fait dispara\u00eetre le support proche des niveaux de prix institutionnels (environ 90 000 $), d\u00e9clenchant des liquidations d’un montant de 1,8 milliard de dollars, majoritairement sur les positions longues.<\/p>\n

Par ailleurs, le bitcoin n’a pas profit\u00e9 depuis vendredi 30 janvier de la chute de son rival, l’or, l’actif refuge phare des march\u00e9s, il a m\u00eame acc\u00e9l\u00e9r\u00e9 sa chute, qui est d\u00e9sormais de 40% depuis son sommet en octobre 2025.<\/p>\n

Le cycle des 4 ans\u00a0<\/b><\/p>\n

Le Bitcoin reste historiquement structur\u00e9 par le cycle de halving qui se produit tous les quatre ans. Statistiquement, les tops interviennent 12 \u00e0 16 mois post-halving. Le dernier halving date d\u2019avril 2024 et le dernier record de septembre 2025 (126 000$) ce qui concorde.<\/p>\n

Les derni\u00e8res ann\u00e9es de baisse du BTC \u00e9taient en 2022 et 2018, ce qui accr\u00e9dite la th\u00e8se des 4 ans\u2026pour le moment !<\/p>\n

Le chemin du retour vers les sommets boursiers pourrait s’av\u00e9rer sem\u00e9 d’emb\u00fbches. En 2026, la capitalisation boursi\u00e8re mondiale des cryptos a enregistr\u00e9 une chute de 800 milliards de dollars.<\/p>\n

Un autre signe de cette m\u00e9fiance se manifeste dans la strat\u00e9gie de diversification de Tether, leader mondial des stablecoins. L’entreprise proc\u00e8de \u00e0 des achats massifs d’or, sa r\u00e9serve de m\u00e9tal pr\u00e9cieux d\u00e9passant d\u00e9sormais de trois fois la valeur de ses r\u00e9serves en bitcoins.<\/p>\n

\u00c0 l’inverse, une entreprise persiste \u00e0 acqu\u00e9rir des bitcoins malgr\u00e9 un contexte peu propice. Il s’agit de Strategy<\/a>, la soci\u00e9t\u00e9 de Michael Saylor et figure de proue des entreprises d\u00e9tenant du bitcoin en tr\u00e9sorerie. Elle poss\u00e8de actuellement 712 000 bitcoins, pour un prix d’acquisition moyen de 76 000 dollars, un niveau proche du cours actuel.<\/p>\n

Sur CNBC, Michael Saylor a d\u00e9clar\u00e9 : \u00ab Nous l’achetons [le bitcoin] pour le conserver pendant 100 ans. La chute des cours fait fuir les sceptiques. Quand le bitcoin valait 16.000 dollars, nous \u00e9tions pr\u00eats \u00e0 accompagner sa baisse jusqu’\u00e0 z\u00e9ro \u00bb.<\/p>\n

Tensions g\u00e9opolitiques et impacts<\/b><\/h3>\n

L’absence d’acheteurs soul\u00e8ve de nouvelles interrogations quant \u00e0 la place du bitcoin dans les portefeuilles d’investissement diversifi\u00e9s. Autrefois consid\u00e9r\u00e9 comme un moteur de momentum<\/i> et une protection contre l’inflation, il peine \u00e0 remplir ces deux r\u00f4les.<\/p>\n

Les sorties de capitaux des ETF au comptant se poursuivent, les tensions g\u00e9opolitiques n’ont pas stimul\u00e9 la demande, et les placements traditionnels per\u00e7us comme des valeurs refuges continuent de privil\u00e9gier les m\u00e9taux pr\u00e9cieux et les liquidit\u00e9s.<\/p>\n

Le Bitcoin restant fortement corr\u00e9l\u00e9 aux valeurs technologiques \u00e0 forte capitalisation et l’incertitude macro\u00e9conomique \u00e9tant \u00e9lev\u00e9e, des niveaux cl\u00e9s d\u00e9finissent d\u00e9sormais le r\u00e9gime.<\/p>\n

Epaule-T\u00eate-Epaule d\u00e9clench\u00e9e<\/b><\/p>\n

Le Bitcoin vient d\u2019enfoncer les 70 000$ et le support oblique (en bleu), ce qui constitue deux signaux n\u00e9gatifs. Parall\u00e8lement, une figure tr\u00e8s connue en \u00e9paule-t\u00eate-\u00e9paule vient de se d\u00e9clencher (en weekly).<\/p>\n

L\u2019objectif th\u00e9orique se situe \u00e0 48 000$. Bien s\u00fbr il ne s\u2019agit pas d\u2019une science exacte, mais cette configuration plaide en faveur d\u2019un retournement de tendance baissi\u00e8re sur le BTC.<\/p>\n

\"\"<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin et Ethereum subissent actuellement une chute prononc\u00e9e. Le Bitcoin est venu tester le niveau des 70 000 dollars, un plus bas depuis novembre 2024 tandis que l\u2019Ethereum a touch\u00e9 les 2 000 dollars soit un plus bas de juin 2025. Son plus bas d\u2019avril est \u00e0 1 400$ ! Ce r\u00e9cent mouvement refl\u00e8te la…<\/p>\n","protected":false},"author":144,"featured_media":535170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1312],"tags":[],"asset_type":[],"class_list":["post-1225023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights"],"acf":[],"yoast_head":"Bitcoin sous 70 000 $ : cycle, ETF et liquidit\u00e9 en cause<\/title>\n<meta name=\"description\" content=\"Bitcoin et Ethereum d\u00e9crochent : sorties d\u2019ETF, cycle de 4 ans, liquidations et tensions macro p\u00e8sent. 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