$BTC
Bitcoin Market Update: February 6, 2026Bitcoin is trading around $66,000-$67,000 USD today amid a broader crypto market downturn of about 8% over the past 24 hours, with the total market cap at $2.3 trillion.
Trading volume remains high at over $38 billion in the last 24 hours, up 77% from yesterday, signaling increased activity despite recent losses.
The Fear & Greed Index shows extreme fear (score around 12), with record $3.2 billion in realized losses yesterday indicating capitulation.
Recent TrendsBitcoin has dipped nearly 20% year-to-date in 2026, recently testing levels near $60,000-$62,900 after a weekly decline.Key support sits at $58,500-$56,300, while resistance is around $77,000.This pullback follows post-2025 highs, driven by macroeconomic pressures and geopolitical uncertainties.Price PredictionsShort-term forecasts suggest a rebound, with BTC potentially reaching $71,840 by end of today and up to $77,862 by late February (ROI around -9.8% from peaks but +10-11% from current lows).
For 2026 overall, analysts predict a range of $75,000-$225,000, with averages near $150,000 fueled by ETF inflows, institutional adoption, and possible rate cuts.Bullish targets include $100,000-$200,000, though volatility persists.
OutlookWhile fear dominates now, historical patterns post-capitulation often lead to recoveries—eyes on support holds for a bounce toward $75,000+. DYOR; markets can shift fast! #Bitcoin #Crypto #BTCPrice