1. Current Situation (February 2026)

Price Range: Bitcoin has dropped significantly in the last few days and is now trading between $70,000 and $75,000.

January's Impact: January 2026 was quite "Red", which has created a fearful atmosphere in the market. The Fear & Greed Index is currently very low (Extreme Fear).

2. Possible Journey of 2026 (Roadmap)

According to analysts, 2026 can be viewed in three parts:

Q1 (January - March): The market is trying to stabilize. If the $76,000 level is regained in February, some recovery might be possible.

Q2 - Q3 (April - September): This period could be a bit challenging. Historically (Halving cycles), Bitcoin often touches its "Bottom" a year after its peak. Some experts believe that the price could drop to between $50,000 and $60,000.

Q4 (October - December): By the end of the year, the market may start to become stable (Consolidation phase), from where the foundation for a new bull run in 2027 will be laid.

3. Major Reasons (Market Drivers)

Macro Factors: The interest rate policies of the US Federal Reserve and Kevin Warsh (potential new Fed Chair) are having a deep impact on the market.

ETF Outflows: Institutional investors (ETFs) are currently taking some profits (selling), which has increased pressure.

Cycle Theory: The bullish trend that was expected after the 2024 Halving has already peaked by the end of 2025, so 2026 is a year of "fatigue" and "recovery".

Summary: 2026 is a year of "Patience" for investors. Prices may further decline, which could be a good opportunity to accumulate over a long period.