$BTC is currently trading around the high-$70,000 range after a sharp correction earlier in February 2026. �
Recent reports show BTC briefly fell near $63,000–$65,000 during a heavy market sell-off before bouncing.
Bitget +1
Financial Times +1
Short-term trend
Price recently dropped more than 12% in a single day, marking one of the biggest declines since 2022.
Reuters
The correction erased a large portion of gains from the late-2025 rally.
Financial Times
Analysts say Bitcoin is now moving in a volatile range between roughly $68,000 and $85,000.
Key support & resistance
Support: $68,000 → $60,000 zone if selling pressure continues.
Resistance: $82,000–$90,000 for a bullish continuation.
Market sentiment
The broader crypto market has lost significant value since late 2025 peaks.
Reuters
However, some forecasts still expect Bitcoin to recover toward $85,000+ later in February if conditions improve.
Bitget
Overall outlook
Short term: High volatility, consolidation after a sharp drop.
Medium term: Neutral to cautiously bullish if price reclaims $82K+.
Risk factors: Macro uncertainty, tech-stock weakness, and institutional outflows.
