The question on every HODLer's mind right now: #WhenWillBTCRebound? 📉🚀
After hitting an all-time high of $126,000 in October 2025, Bitcoin has faced a brutal start to 2026. As of today, February 6, 2026, we are seeing BTC test critical support levels near $60,000, leaving the market in a state of "Extreme Fear."
Here is the breakdown of why we’re dipping and what to watch for the rebound:
🔍 Why the Slump?
Institutional Outflows: Spot Bitcoin ETFs saw over $3 billion in outflows in January alone, signaling a temporary cooling of institutional appetite.
The "Warsh" Factor: The nomination of Kevin Warsh as the next Fed Chair has sparked fears of a more hawkish, liquidity-tightening era, which historically weighs on speculative assets.
Mass Liquidation: Over $1 billion in leveraged long positions were wiped out in just the last 24 hours, accelerating the slide toward 16-month lows.
📈 Indicators for a Rebound
Analysts are looking at a few key "line-in-the-sand" moments for a potential reversal:
The 200-Week Moving Average: Currently sitting around $58,000. This has historically been the "ultimate floor." If BTC stabilizes here, a consolidation phase is likely.
The Fibonacci Floor: BTC is struggling near the $63,000 mark. Reclaiming this level with high volume could trigger a relief bounce toward $67,000–$70,000.
Macro Stabilization: Keep an eye on the Fed’s signals. If the narrative shifts back to potential rate cuts later in 2026, the "risk-on" appetite will return in a big way.
The Silver Lining: Despite the 50% drop from the peak, many long-term analysts still see a path back to $150,000–$200,000 later in the 2026 cycle once the "capitulation phase" ends.
💡 Pro-Tip
This is a "wait-and-watch" market. Volatility is high, and the transition from a correction to a new uptrend usually takes months, not weeks.
Are you buying the dip or waiting for $58k? Let's discuss below! 👇
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