Monday, 2 February 2026

Update 2 #Bitcoin BTC Price News & Insights Today 2-2-2026

#Bitcoin BTC Price News & Insights Today 2-2-2026 - Technical analysis of #BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.

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Bitcoin (BTC) is trading at approximately $77,933 as of February 2, 2026, attempting to stabilize after a volatile weekend sell-off. The asset hit a 10-month low of $74,553 early Monday morning, marking a 40% decline from its October record high of $126,000 and officially entering a technical bear market. Buy Bitcoin >>



Bitcoin Insights Today

-Federal Reserve Impact: Markets were unsettled following the nomination of Kevin Warsh to lead the Federal Reserve, sparking fears of a shift away from loose monetary policy.

-Support & Resistance: Analysts identify a critical support zone between $73,581 and $76,702. Bitcoin must close above this level daily to prevent further declines toward $50,000. Immediate resistance is noted at $80,619.

-Institutional Activity: Michael Saylor's Strategy acquired 855 BTC for $75 million just before the recent crash, though total holdings briefly slipped "underwater" as prices fell below the company's average cost basis of roughly $76,000.

-Market Sentiment: The Fear & Greed Index has plunged to a score of 14 (Extreme Fear). Investors are increasingly shifting toward traditional havens like gold as crypto volatility spikes. Buy Bitcoin >>