I’ve been watching the Bitcoin chart closely for the last few days, and honestly I’m confused like a lot of you. Price has been dumping pretty hard, so the big question is: is this actually a good buying opportunity, or are we just catching a falling knife?
Right now
$BTC is around $67k (Feb 11, 2026) after dropping to almost $60k earlier this month. From the all-time high of about $126k in Oct 2025, that’s already more than a 50% drop. That’s not small.
From what I can see on the chart, the most important level is around $55k. That feels like the real support zone.
If price breaks below that properly, I think panic will kick in and liquidity will dry up fast. In that case, $35k wouldn’t be shocking at all. We’ve seen this movie before — once fear starts, people rush to sell and it snowballs.
🎯History backs this up:
In 2017, BTC went from nearly $20k to $3k (about 84% drop). In 2021, it fell from $69k to $15k (around 77%).
Big corrections are normal in Bitcoin cycles, especially after halving-driven bull runs.
3. The 2024 halving reduced supply again, which usually pushes prices higher long term, but short-term it often comes with ugly corrections. We might be in that phase right now.
If $55k fails, I wouldn’t be surprised to see a long boring period like 2022 where weak hands get shaken out.
But there’s another possible scenario too.
If BTC comes down near $55k and then just moves sideways for a few days without breaking lower, that could mean sellers are exhausted. When that happens, price often bounces hard. In that case, a move back toward $75k+ is very possible.
We’ve seen this before:
After the 2018 crash, BTC stayed flat near the bottom for a while before starting the 2019 recovery.
Even during the 2020–2021 bull run, there were several 30–60% pullbacks before new highs.
On-chain data also shows that big wallets are slowly accumulating during these dips. Whales usually buy when fear is high, not when everyone is bullish.
About manipulation — yes, it happens. Big players can push price down when retail is over-leveraged. We already saw about $9B in liquidations, which means a lot of leverage got wiped out.
But long term,
#Bitcoin❗ still moves mainly based on adoption, supply (halvings), and global money conditions — not just manipulation.
People who held through the 2022 bottom saw huge gains later. Fear sellers always lose in these phases.
My personal plan:
I’m watching $55k closely.
If it breaks and can’t recover > I’ll wait and look for entries closer to $35k.
If it holds and goes sideways for a few days > I’ll consider going long, targeting $75k+.
Sentiment is very bearish right now, and usually that’s when reversals start forming.
What do you guys think —
bounce from here, or more pain first?
🚧 Not financial advice. Do your own research and don’t risk money you can’t afford to lose.
#WhenWillBTCRebound