Bitcoin (BTC) Price Prediction February 7, 2026

Bitcoin (BTC) has seen a significant price drop in recent days. Will this correction continue or become an opportunity for a short-term rebound?

Based on the latest price performance, historical data, and technical and macro analysis, this article will discuss the Bitcoin (BTC) price prediction for February 7, 2026 in more detail. Read more here!

Key Takeaways

• Bitcoin has fallen by around 20.90% in the last 7 days, but this is still slightly better than the decline in the global crypto market.
• Price pressure is influenced by macro factors, large liquidations in the derivatives market, and outflows from spot Bitcoin ETFs.
• The $62,353–$65,000 support area is a crucial zone that determines the direction of BTC's next movement.

BTC Price Performance Today, February 6, 2026

Based on the 4-hour timeframe BTC/USDT chart, BTC price today is around $65.424 after briefly touching the lower area near $60,000.

In the past 24 hours, BTC reached a high of around $71,917 before falling again due to significant selling pressure.

In the last 7 day period, Bitcoin has fallen by around -20,90%, slightly better than the total decline in the global crypto market which was around -21.00%.

This shows that despite the weakening market, BTC still maintains its position as a relatively stable major asset compared to altcoins.

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Historical Bitcoin Price Movements

Historically, Bitcoin (BTC) has reached an all-time high (ATH) of $126,080, while its all-time low (ATL) stands at $67.81. 

At its current level, BTC remains approximately 48.26% below its ATH, yet it has still recorded an extraordinary increase of over 96,000% compared to its all-time low.

This data shows that volatility is a natural part of the Bitcoin cycle. Major corrections often occur before a consolidation phase or even a new upward trend begins.

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Today's BTC Price Analysis

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

1. Macro-Driven Market Sell-Off

The current Bitcoin price decline is not isolated. The crypto market as a whole is also experiencing a decline, with a high correlation to traditional assets like stock indices and gold.

This shows that Bitcoin is being traded as a macro asset, so it is heavily influenced by global sentiment, liquidity, and dollar strength.

When risk assets and hedge assets fall together, it usually signals liquidity pressure in global markets.

2. Derivatives Liquidation Cascade

Another factor accelerating the decline was the massive liquidation in the derivatives market. In the past 24 hours, total Bitcoin liquidations reached approximately$1.29 billion, with the majority coming from long positions.

This condition triggers a domino effect, where the forced closing of leveraged positions further pushes prices down.The negative funding rate also reflects bearish market sentiment in the short term.

3. Short-Term Outlook

Technically, Bitcoin is currently in a bullish condition.oversold, with the RSI indicator indicating extreme selling pressure. The price is also still below its main moving average, indicating that bearish momentum has not completely dissipated.

The key support zone is in the $62,353 to $65,000 range. If this area holds, the possibility of a technical rebound toward around $69,952 remains open. However, if this support is broken, BTC could potentially drop toward the psychological $60,000 level.

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Bitcoin (BTC) Price Prediction February 7, 2026

Based on the latest price chart and existing analysis, Bitcoin's movement on February 7, 2026, is likely still in the direction-determining phase.

If the price manages to stay above the $65,000 area, BTC has the potential to make a technical rebound towards the $67,500 to $69,900 range.

However, volatility remains high, so sideways movement is also quite possible before a new direction forms.

Conversely, if selling pressure continues and the price falls below $62,353, Bitcoin could retest the $60,000 area as the next support level.

Factors Affecting Bitcoin Price

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

1. Global Macroeconomic Conditions: Changes in interest rates, inflation, and the strength of the US dollar significantly influence the flow of funds into risky assets such as Bitcoin.

2. Bitcoin Spot ETF Fund Flow: The inflow and outflow of funds from Bitcoin ETFs is an important indicator. Declining AUM indicates waning institutional interest.

3. Derivatives Market Liquidation: High leverage volumes often increase volatility, especially during extreme price movements.

4. Market Sentiment and Investor Psychology: Market fear and panic often accelerate corrections, while optimism can trigger rapid rallies.

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

Potential BTC Movement Scenarios

Based on price predictions and factors that can influence the price, here are potential scenarios for BTC price movements:

Bullish Scenario

- The $65,000 support level holds strong.

- BTC buying volume increases.

- BTC rises towards $69,000–$70,000.

Conservative Scenario

- Prices are moving sideways in the $63,000–$67,000 area.

- The market is waiting for new catalysts such as ETF or macroeconomic data.

Bearish Scenario

- Support of $62,353 was broken.

- ETF outflows continue.

- BTC drops towards the $60,000 area or lower.

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Conclusion

Bitcoin is currently at a crucial point after a sharp correction over the past week. Price pressure is driven more by macroeconomic factors and derivatives market liquidations than fundamental issues.

For the Bitcoin (BTC) price prediction for February 7, 2026, the opportunity for a rebound still exists as long as the main support area can be maintained. However, investors should remain cautious as volatility remains high and the market direction is not yet fully clear.

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FAQ

Will Bitcoin price go up on February 7, 2026?

There is a chance of a technical rebound if BTC can hold above $65,000, but the movement is still highly dependent on global market sentiment.

Why has Bitcoin price dropped in the last few days?

The decline was triggered by macroeconomic factors, large liquidations in the derivatives market, and outflows of funds from spot Bitcoin ETFs.

Is Bitcoin currently oversold?

Technically, the RSI indicator shows oversold conditions, which usually opens up opportunities for a short-term price rebound.

What Bitcoin support levels to watch?

The $62,353 to $65,000 area is an important support zone in the short term.

Is this Bitcoin correction normal?

Yes, major corrections are part of Bitcoin's market cycle and have occurred frequently throughout its history.