The previous a number of months have been a constant battle for the first cryptocurrency, which traded above $126,000 in early October – not that way back.
Nonetheless, it was rejected there, and the October 10 crash that worn out over $19 billion in leveraged positions began one thing that it appears hasn’t ended but. Though bitcoin didn’t collapse beneath $100,000 on the time, it did so in November and hasn’t been inside a six-digit value territory ever since.
It ended 2025 within the crimson, making it the primary post-halving 12 months to take action. Though it began 2026 on the appropriate foot and neared $100,000 by the center of January, it faltered there, and the following rejection was greater than only a wholesome correction.
Within the span of only a few weeks, the cryptocurrency plunged by nearly $40,000 and dumped to $60,000 on February 6. This meant that the asset had crashed by greater than 50% since its October all-time excessive.
Though this can be a huge value calamity that introduced down your entire market and the general sentiment with it, particularly in instances when different monetary industries have been thriving, most individuals in a current survey voted that the underside isn’t truly in.
A ballot by Ali Martinez exhibits that solely 22.7% of the voters responded that $60,000 was the bottom BTC will ever go on this market cycle. The reply with probably the most votes – 30.4% – was truly $38,000, which, given bitcoin’s value of $70,000 now, would imply one other near-50% crash.
Worth Prediction: $BTC Market Backside
— Ali Charts (@alicharts) February 12, 2026
Some current reviews agree with the aforementioned outcomes, indicating that the general market construction has basically modified and the bears at the moment are in management. Analysts are cut up on making an attempt to find out whether or not the underside lies, however most imagine it might be someplace round $50,000.
Alternatively, Warren Buffett has repeatedly reasserted that buyers must be grasping when others are fearful, and vice versa. Moreover, the analytics firm Santiment has steadily famous that BTC usually strikes in the wrong way of the gang’s expectations, so there could be a shock rally hidden someplace on this pile of worry.
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