Bitcoin (BTC) Price Prediction for February 1, 2026

After spending several days trading below the psychological $90,000 level, BTC weakened further and recorded a sharp decline over the past week. Is this drop merely a healthy correction, or a signal of a deeper bearish phase?

In this article, we will discuss BTC’s price performance today, the history of Bitcoin’s price movements, the main drivers behind the decline, and the Bitcoin (BTC) price prediction for February 1, 2026. Read on to learn more!

Key Takeaways

• Bitcoin experienced a sharp correction driven by massive leveraged liquidations.
• Global macro uncertainty has pushed investors to avoid risk assets.
• The $83,000 area is a key support level that will determine BTC’s next direction.

BTC Price Performance Today, February 1, 2026

Based on the latest BTC/USDT chart, the BTC price today is trading around $82,866. Over the last 7 days, BTC has fallen by roughly -7.60%, underperforming the broader global crypto market, which is down around -6.80%.

From a technical perspective, selling pressure appears strong, with red candles dominating price action. Trading volume also increased as price declined, signaling that distribution and liquidations are still underway. 

In addition, despite a small bounce (a dead cat bounce), the short-term trend still tilts bearish.

Read Also: Gold vs Bitcoin: Predicting the Best Asset in 2026 

Historical Bitcoin Price Movement 

Bitcoin (BTC) has gone through an extremely volatile price journey since its launch. The largest crypto asset once reached an all-time high (ATH) of $126,080, while its all-time low (ATL) was $67.81.

At the current price, Bitcoin is about 34.39% below its ATH, but it still shows an extraordinary gain of more than 121,890% compared with its lowest price. 

This data reinforces that volatility is a defining characteristic of Bitcoin, and corrective phases are a normal part of market cycles.

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BTC Price Analysis Today

So, what is driving BTC’s price decline today? Let’s review the analysis of several key factors:

1. Massive Leverage Unwind (Bearish Impact)

One of the main factors behind BTC’s plunge is a wave of large liquidations in the derivatives market. Over the last 24 hours, total liquidations across the crypto market reached $1.75 billion, with long positions contributing about 94% of the total.

Specifically for Bitcoin, long liquidations totaled around $826 million. This situation creates a domino effect: as prices fall, leveraged positions are forcibly closed, triggering additional sell orders and ultimately accelerating the decline.

This is a hallmark of sharp corrections following excessive bullish euphoria.

2. Global Macro Uncertainty (Bearish Impact)

On the macro side, volatility in Asian markets increased after political statements from Donald Trump regarding the potential for a government shutdown and plans to announce a Federal Reserve Chair nominee. This uncertainty has made global markets more defensive.

Investors tend to reduce exposure to high-risk assets, including crypto. Bitcoin, as a high-beta asset, is impacted more strongly than other financial instruments. This pressure is also reflected in weakening U.S. stock index futures.

3. Key Technical Breakdown (Bearish Impact)

Technically, Bitcoin has broken below the 30-day SMA around $90,971 and is now moving well below the 7-day SMA at $88,043. This confirms that the short-term trend has turned bearish.

The 14-day RSI is at 34.4, approaching oversold territory. While this can open room for a technical rebound, a low RSI can also persist for quite some time during a downtrend. The nearest Fibonacci support is around $83,250, which is now a critical level.

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Bitcoin (BTC) Price Prediction – February 1, 2026

Based on technical analysis and current market sentiment, here is the Bitcoin (BTC) price prediction for February 1, 2026:

- If the BTC token can hold above $83,000, a short-term rebound toward the $85,500–$87,000 area remains possible.

- However, if the $83,000 support is decisively broken, BTC could extend its decline toward the $80,000–$78,500 area.

As long as price remains below $90,000, the short-term trend is still considered bearish.

Factors That Influence Bitcoin’s Price 

Some of the main factors that may influence BTC’s next price movement include the following:

1. Leverage and Derivatives: Heavy leverage usage makes BTC price movements highly sensitive to liquidations.

2. Macroeconomic Conditions: Monetary policy, interest rates, and global political stability strongly affect investor appetite for crypto assets.

3. Technical Analysis: Support/resistance levels, moving averages, and momentum indicators are key references for traders.

4. Market Sentiment: The Fear & Greed Index, fund flows, and market psychology play a major role in the short term.

Read Also: Clovis (CLO) Price Prediction 2026–2030: Long-Term Outlook 

Potential BTC Price Movement Scenarios

Based on the price prediction above, here are potential scenarios for BTC’s price movement:

Bullish Scenario

BTC holds above $83,000 and rebounds toward the $88,000 area if selling pressure eases.

Conservative Scenario

Price moves sideways in the $82,000–$85,000 range while waiting for a new catalyst.

Bearish Scenario

A breakdown below $83,000 paves the way toward the $80,000 area or lower.

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Conclusion

The Bitcoin (BTC) price prediction for February 1, 2026 indicates that the market remains in a fairly deep correction phase. Large leveraged liquidations, macro uncertainty, and a key technical breakdown have combined to pressure BTC’s price.

Even so, the $83,000 area has now become a crucial decision point. Price action at this level will strongly determine whether Bitcoin can stage a short-term recovery or instead continue its downtrend.  

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Check exchange rates for BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to track today’s crypto market trends in real time on Bittime.

Also, visit the Bittime Blog to get a variety of exciting updates and educational information about the crypto world. Discover trusted articles about Web3, blockchain technology, and digital-asset investing tips designed to deepen your crypto knowledge.

FAQ

Why did Bitcoin’s price drop sharply this week?

The decline was triggered by large-scale leverage liquidations and a risk-off sentiment driven by macro uncertainty.

Is Bitcoin already oversold?

The RSI is approaching oversold territory, but this condition can persist if the downtrend continues.

Where is Bitcoin’s nearest support right now?

Key support sits around $83,000, followed by $80,000 if a breakdown occurs.

Is it still safe to buy Bitcoin right now?

For the long term, gradual accumulation may be considered, but short-term traders need to be extra cautious.

What factor is influencing BTC the most right now?

Derivatives-market leverage, global sentiment, and key technical levels.