Bitcoin (BTC) Price Prediction February 6, 2026

After briefly holding above the psychological $80,000 level, Bitcoin (BTC) prices have now fallen sharply again, extending their correction trend of the past few days. Is this decline merely a consolidation phase or the beginning of a deeper correction?

In the article, we will discuss the latest price performance based on the latest charts, Bitcoin's historical movement, the main causes of the price decline, and the Bitcoin (BTC) price prediction for February 6, 2026.

Key Takeaways

• Bitcoin is under intense pressure due to institutional outflows from spot ETFs.
• Global risk-off sentiment has investors avoiding risky assets like crypto.
• The $70,000 area is a crucial support level that will determine BTC's next direction.

BTC Price Performance Today, February 5, 2026

Based on the latest BTC/USDT chart, BTC price today is trading in the range of $70.959. In the last 7 days, BTC recorded a decline of around-19,40%, deeper than the global crypto market decline that was around-15,60%.

Price movement shows a fairly consistent downtrend, with a structure of lower highs and lower lows on the 4-hour timeframe.

Selling volume also appears to be increasing as prices fall, indicating that distribution pressure remains dominant. This condition indicates that the market remains in a defensive phase.

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Historical Bitcoin Price Movements

Throughout its history, Bitcoin (BTC) has been known as a highly volatile asset. BTC once reached an all-time high (ATH) of $126,080, while its all-time low (ATL) was $67.81.

At its current price, Bitcoin is approximately 43.66% below its ATH, but it has still recorded an increase of over 104,660% compared to its ATL.

This underscores that significant corrections remain a part of the cryptocurrency market cycle, especially following an extended bull run.

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Today's BTC Price Analysis

So, what's causing today's BTC price drop? Let's analyze some of the reasons:

1. Institutional Selling Pressure (Bearish Impact)

One of the main reasons for the Bitcoin price drop is the large outflow of funds from spot Bitcoin ETFs in the United States. In the past week, approximately$1.2 billion in outflows, marking three consecutive months of withdrawals.

Furthermore, the negative Coinbase Premium Gap indicator indicates that institutional investors in the US are selling more aggressively than global retail traders. When institutional demand weakens, supply pressure increases, and prices tend to fall.

2. Global Risk-Off Sentiment (Bearish Impact)

Bitcoin's decline also coincided with weakening global markets. Asian technology stocks came under pressure, while silver prices fell sharply after major US tech companies' earnings reports disappointed the market.

In such conditions, investors typically shift funds to assets perceived as safer. Bitcoin, still classified as a high-risk asset, was also impacted.

The Fear & Greed Index even dropped to the Extreme Fear level, which indicates fairly high market fear.

3. Large Holder Activity and On-Chain Data (Bearish Impact)

On-chain data shows the movement of over 184 BTC from an old wallet belonging to a large entity to an address associated with trading. While not necessarily a sale, such activity is often considered a potential new supply to the market.

Movements from large holders often trigger concerns among smaller investors, increasing short-term selling pressure.

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Bitcoin (BTC) Price Prediction February 6, 2026

Given the current technical conditions and market sentiment, here’s the Bitcoin (BTC) price prediction for February 6, 2026:

- If BTC manages to stay above the $70,000 area, the possibility of a technical rebound towards $73,500–$75,000 remains open.

- If selling pressure continues and the $70,000 support level is broken, the price could potentially drop to the $67,000–$65,000 range as the next support level.

As long as BTC has not returned above $78,000, the short-term trend remains bearish.

Factors Affecting Bitcoin Price

Some of the key factors that could influence the future price movement of the BTC token are as follows:

1. Institutional Fund Flow: The inflow or outflow of funds from spot ETFs has a major impact on BTC demand.

2. Global Macroeconomic Conditions: Stock movements, interest rates, and global economic conditions often trigger changes in investor sentiment.

3. On-Chain Activity: Large wallet movements and coin distribution can signal selling pressure or accumulation.

4. Technical Analysis: Support, resistance, and momentum indicator levels are the main references for short-term traders.

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Potential Scenarios for BTC Movement

Based on the price predictions above, here are the potential scenarios for BTC price movements:

Bullish Scenario

BTC held above $70,000 and saw a short-term rebound towards the $75,000 area.

Conservative Scenario

The price is moving sideways in the $70,000–$73,000 range while waiting for a new catalyst.

Bearish Scenario

A breakdown below $70,000 opens the door to a decline towards $65,000.

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Conclusion

The Bitcoin (BTC) price prediction for February 6, 2026, shows that the market remains under strong pressure due to a combination of institutional, macroeconomic, and negative market sentiment factors.

ETF fund outflows and global risk-off conditions are the main drivers of price weakness. While the potential for a technical rebound remains, the $70,000 area is now a key psychological level determining BTC's future direction.

Investors are advised to remain cautious and pay attention to developments in global sentiment before making decisions.

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FAQ

Why did Bitcoin price drop drastically this week?

The decline was triggered by institutional fund outflows from ETFs, global risk-off sentiment, and large holder activity.

Has Bitcoin entered a bearish phase?

In the short term, the trend is still bearish as the price is below a key resistance level.

Where is Bitcoin's current important support?

The $70,000 area is the main support that the market is currently testing.

Is this the right time to buy Bitcoin?

Some investors wait for confirmation of price stabilization before accumulating.

What needs to be considered next?

ETF flow movements, global market conditions, and price reactions at key support areas.