As of February 10, 2026, Bitcoin ($BTC ) is trading around $68,900–$69,200 USD, showing slight volatility in a range-bound pattern between roughly $68,000 and $72,000.
After hitting an all-time high near $126,000 late last year (likely in late 2025), BTC has undergone a sharp correction, dropping over 45–50% in recent months. It briefly plunged to lows around $60,000–$61,000 earlier in February amid intense selling pressure, deleveraging, reduced retail participation, and broader risk-off sentiment in markets. This aligns with historical post-halving cycle patterns, where drawdowns of 50–80% often follow cycle peaks.
The recent rebound from those lows appears to be stalling near the $70,000–$71,000 resistance zone, with many analysts viewing it as a bear-market relief rally rather than the start of a new bull leg. Key factors include macro uncertainty (e.g., upcoming US economic data like jobs and inflation reports), fading spot volumes, and extreme fear levels in sentiment gauges.
Short-term outlook: BTC remains under pressure with technical indicators leaning bearish (strong sell signals on moving averages in some analyses). Support sits critically around $65,000–$68,000, while a break below could test lower levels. However, the four-year halving cycle remains intact, suggesting potential for recovery later in the year if fundamentals stabilize.
This is a volatile market—always do your own research and consider risk management.#BTC #WhaleDeRiskETH
