Did Bitcoin Bottom at $60K? Poll Results Say Otherwise
The previous a number of months have been a constant battle for the first cryptocurrency, which traded above $126,000 in early October – not that way back.
However, it was rejected there, and the October 10 crash that wiped out over $19 billion in leveraged positions began one thing that it appears hasn’t ended but. Although bitcoin didn’t collapse beneath $100,000 at the time, it did so in November and hasn’t been inside a six-digit value territory ever since.
It ended 2025 within the pink, making it the primary post-halving yr to take action. Although it began 2026 on the correct foot and neared $100,000 by the center of January, it faltered there, and the following rejection was greater than only a wholesome correction.
In the span of just some weeks, the cryptocurrency plunged by nearly $40,000 and dumped to $60,000 on February 6. This meant that the asset had crashed by greater than 50% since its October all-time high.
Although this can be a huge value calamity that introduced down the whole market and the general sentiment with it, particularly in occasions when different monetary industries have been thriving, most individuals in a latest survey voted that the underside isn’t really in.
A ballot by Ali Martinez reveals that solely 22.7% of the voters responded that $60,000 was the bottom BTC will ever go on this market cycle. The reply with essentially the most votes – 30.4% – was really $38,000, which, given bitcoin’s value of $70,000 now, would imply one other near-50% crash.
Price Prediction: $BTC Market Bottom
— Ali Charts (@alicharts) February 12, 2026
Some latest experiences agree with the aforementioned outcomes, indicating that the general market construction has basically modified and the bears are actually in management. Analysts are cut up on making an attempt to find out whether or not the underside lies, however most consider it might be someplace round $50,000.
On the opposite hand, Warren Buffett has repeatedly reasserted that buyers must be grasping when others are fearful, and vice versa. Additionally, the analytics firm Santiment has continuously noted that BTC usually strikes in the wrong way of the gang’s expectations, so there is perhaps a shock rally hidden someplace on this pile of worry.
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