Current Bitcoin (BTC) Scenario as of February 1, 2026 (when everyone is scared buy SPOT)
Bitcoin is in a sharp corrective phase right now, experiencing
significant downside pressure after a strong run in late 2025. Here's a concise
overview:
Price & Market Snapshot
Current
Price: Approximately $78,000 - $79,000 USD (e.g.,
~$78,430 on Yahoo Finance, ~$78,790 on CoinDesk, ~$78,700-$79,000 across
aggregates like Binance/CoinMarketCap; slight variations due to
exchanges).
24h
Change: Down ~5-7% (heavy selling today/this
weekend).
Recent
Low: Dipped toward $75,700-$77,000 in recent hours/sessions
(lowest since around April 2025 or late 2025).
24h
Volume: High at ~$38B-$75B (elevated due to liquidations
and panic selling).
Broader
Context: BTC is down ~20-30%+ from recent peaks
(e.g., highs near $97K-$111K in late 2025/early 2026), marking its fourth
consecutive monthly drop in some reports and entering multi-month lows.
What's Driving This Scenario?
Macro/External
Pressures:
Outlook & Key Levels to Watch
Support:
$75,000-$78,000 (critical zone now); break lower could target $69K-$70K.
Resistance:
$82K-$85K (quick rebound needed to stabilize).
Potential Paths:
If holds ~$78K and volume dries up on downside, could see a relief bounce/recovery attempt. if continued selling (e.g., from macro headwinds) risks deeper correction toward $70K or below.
