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It's just that, from a support and resistance standpoint, $70k looks like it could give us some strength to push higher if we pull back to it and even crash through to neutral ~$60k before going higher. I'm still invested because I think this'd be a flash crash scenario and I usually miss those.
We don't know for sure the direction of Bitcoin's price movement in the future, but all of these scenarios could happen. However, I see that for Bitcoin to drop past $70k USD, the possibility is quite small since many investors see it as an opportunity to buy and it will increase the price again. Moreover, global geopolitical uncertainty still makes many investors consider Bitcoin to be the right alternative for their hedge and that keeps the price of Bitcoin positive in the range of $75k - $85k USD. Unless there is big news that affects the price of Bitcoin, I don't think that the scenario of Bitcoin falling to $60k USD will happen.