Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
In recent days, the price of Bitcoin has continued to be under pressure.
After the currency hit highs near $126,000 last October, it was immediately met with a violent rejection.
In the same month, the price of Bitcoin plummeted, causing more than $19 billion in open positions to be liquidated, which constituted a turning point in Bitcoin’s trend. While the price did not immediately break $100,000, it later lost this level and has never returned to it since.
The price of Bitcoin ended 2025 with a decline, the first precedent following the mining reward split cycle. Then, in early 2026, the price tried to regain momentum, approaching $100,000 in mid-January before encountering fresh rejections, leading to a strong decline.
In just a few weeks, the currency fell by nearly $40,000, hitting $60,000 on February 6, a drop of more than 50% from its peak.
Despite the strong rebound that followed, a poll conducted by analyst Ali Martinez showed that most participants do not believe the $60,000 level is the final bottom.
22.7% believe this is the lowest level for the cycle, while 30.4% choose $38,000 as a potential bottom, meaning further significant declines from current levels near $70,000 are possible.
Some recent reports support this cautious approach, given that the overall structure of the market has changed and bears are in control.
Some analysts estimate that a bottom could form near $50,000, but consensus remains elusive.
On the other hand, some cited Warren Buffett’s statement about the necessity of greed when everyone is fearful, and Santiment’s observation that Bitcoin tends to move in the opposite direction to most people’s expectations, opening the door to the possibility of a sudden rebound in an environment dominated by pessimism.
Also read:
US inflation slowed in January: Paving the way for new Bitcoin price action?
