The vast majority of voters in a current ballot believes there’s extra ache forward for bitcoin. However, that may very well be a blessing in disguise.
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.
Nonetheless, 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. Though bitcoin didn’t collapse beneath $100,000 on the time, it did so in November and hasn’t been inside a six-digit worth territory ever since.
It ended 2025 within the purple, making it the primary post-halving yr to take action. Though it began 2026 on the correct foot and neared $100,000 by the center of January, it faltered there, and the next rejection was greater than only a wholesome correction.
Within the span of only a few weeks, the cryptocurrency plunged by virtually $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 excessive.
Though this can be a large worth calamity that introduced down the complete market and the general sentiment with it, particularly in instances when different monetary industries have been thriving, most individuals in a current survey voted that the underside will not be truly in.
A ballot by Ali Martinez exhibits 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 truly $38,000, which, given bitcoin’s worth of $70,000 now, would imply one other near-50% crash.
Worth Prediction: $BTC Market Backside
— Ali Charts (@alicharts) February 12, 2026
You may additionally like:
Some current studies agree with the aforementioned outcomes, indicating that the general market construction has basically modified and the bears at the moment are in management. Analysts are break up on making an attempt to find out whether or not the underside lies, however most imagine it may very well be someplace round $50,000.
Then again, Warren Buffett has repeatedly reasserted that buyers must be grasping when others are fearful, and vice versa. Moreover, the analytics firm Santiment has steadily noted that BTC usually strikes in the other way of the gang’s expectations, so there could be a shock rally hidden someplace on this pile of worry.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in unique BingX Change rewards (restricted time provide).
