#Bitcoin BTC Price News & Insights Today 1-2-2026 - Elliott Wave and technical analysis of #BTC, key support and resistance zones. Video by More #Crypto Online.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
Bitcoin (BTC) is currently trading at $78,499, following a 5.40% decline over the last 24 hours. This drop is part of a broader market selloff that saw Bitcoin reach nine-month lows below $78,000 earlier today, February 1, 2026. Market sentiment has shifted significantly toward "Extreme Fear," with a Fear & Greed Index score of 14, as traders rotate from bullish calls to protective put options.
Buy Bitcoin >>
Bitcoin Insights Today
-Institutional De-risking: Institutional investors aggressively de-risked heading into February, evidenced by a massive $818 million net outflow from spot Bitcoin ETFs on January 29, 2026.
-Saylor’s Support: Despite the slump, Michael Saylor signaled another Bitcoin purchase as prices hit the $78,000 level, continuing MicroStrategy's aggressive accumulation strategy.
-Bearish Technicals: BTC has lost critical support at its 21-week exponential moving average (EMA), a technical event that has historically preceded extended bear markets.
-Global Macro Impact: The selection of Kevin Warsh as the next Federal Reserve chair has fueled concerns over tighter monetary policy, contributing to the recent price swoon.
Buy Bitcoin >>
