Is it the end of the correction or an accumulation zone? Bitcoin seeks support at $71,000
The crypto market wakes up today, February 5, 2026, under selling pressure that has pushed Bitcoin ($BTC ) to test levels we haven't seen in months. After a 7% drop in the last 24 hours, the king coin struggles to stay above the psychological barrier of $71,000.
Key points of the day:
"Trump Dump" Effect: Analysts suggest that the market is digesting the excess post-election optimism from last year, entering a phase of "political readjustment".
Ethereum and Altcoins suffer: $ETH has retraced nearly 8%, landing around $2,100, while Solana ($SOL ) leads the declines among the majors with a 9% drop.
The other side: Despite the general red, companies like CBI are taking advantage of the drop to launch million-dollar investment programs in mining, seeing this downturn as a strategic opportunity.
Curious fact: While many fear, wallets from the "Satoshi Era" (dormant since 2010) have shown recent activity. Do they know something we don't?
Volatility is the price we pay for financial freedom. Don't trade out of fear (Panic Sell); check your support levels and remember that corrections are necessary for healthy long-term growth.
Do you think we've already hit bottom or will we see BTC visit $68,000 soon? I look forward to your comments! 👇
#Bitcoin #CryptoNews #MarketUpdates" #BİNANCESQUARE #trading
