Bitcoin
February 7, 2026
Bitcoin bottom could be in as the largest cryptocurrency in the market fell to $60,000. This is the lowest price for Bitcoin since October 2024. Broader risk-off sentiment fueled the recent price action in the crypto market. Investors saw this as an opportunity as Bitcoin’s price reclaimed $70,000 a few hours ago. But can Bitcoin fall to 50k?
Is Bitcoin Bottom In?
From its October 2025 high, Bitcoin dropped 52% by February 5, 2026. After January 29, the price fell from $90,000 to $60,000 in a rapid slide. This sharp move left investors surprised, as Bitcoin tracked the broader risk-off sentiment rippling through conventional financial markets.
The Nasdaq dropped 2% amid weak earnings from tech giants, prompting investors to flee risky assets. Many now ask why has the bitcoin price been falling so steeply, and that’s largely because of this tight correlation with struggling equities and the flight from high-beta plays.
With regards to the possibility of Bitcoin finding a bottom, the economist and trader Alex Kruger, said that aggressive next-day bounces are vital to signal a bottom.
“After a market crash, an aggressive next-day bounce is vital,” he mentioned. “That’s how you know if a bottom is likely in or not. When the bounce is weak, traders who longed the blood will puke it all back.”
Bitcoin’s rapid recovery in the past few hours, surging from the $60,000 low back above $70,000, aligns closely with this aggressive bounce. Furthermore, it gives credence to the idea that a potential bottom may already be forming.
Can Bitcoin Fall to 50k?
Despite the recent V-shaped recovery on Friday, price action remains uncertain at current levels. If selling pressure continues in the coming weeks, the $50,000 zone could be tested. According to Markus Thielen, CEO of 10x Research, Bitcoin could drop to $50,000 after this recent bounce on Friday.
The expert has also explained that there is a difference in price action across exchanges. Binance, an exchange for retail investors, has had a higher Bitcoin price than Coinbase, which has onboarded large institutional investors. These institutions could be reducing their overexposure to BTC, explaining why the price fell to $60,000.
Finally, one of the many questions asked during those market conditions is whether Bitcoin can fall to zero. However, this scenario is highly unlikely unless a catastrophic event occurs, such as a complete global regulatory shutdown or a fundamental breakdown in the Bitcoin network’s security and infrastructure. Bitcoin’s decentralized nature, widespread adoption, and underlying blockchain technology provide strong resilience against total collapse.
