Bitcoin is facing a turbulent start to February 2026, currently hovering around $78,800 after a sharp "Sunday dump" took it below the psychological $80,000 mark. Market sentiment has shifted toward "capitulation" following massive spot ETF outflows totaling over $1.1 billion in late January, compounded by uncertainty over the new Federal Reserve leadership. While some analysts fear a further slide toward $75,000 or even lower, others point to the 35–40% correction as a historic "buy the dip" opportunity within a broader bull cycle. For the coming week, all eyes are on the $74,500 support level; holding this base is critical for a recovery toward $85,000. However, with thin liquidity and geopolitical tensions rising, traders should expect elevated volatility and potential fake-outs. Technical indicators like the RSI show oversold conditions, suggesting a short-term relief bounce could be imminent if selling pressure exhausts.
Next Week's Range: $74,000 (Support) — $84,500 (Resistance).
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