#Bitcoin BTC Price News & Insights Today 6-2-2026 - 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 $67,314 as of February 6, 2026, attempting a modest recovery after a massive market crash that saw prices plummet to a 15-month low of $60,187 late Thursday. The digital asset has lost nearly 50% of its value since its late 2025 peak of $126,210.
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The current "crypto winter" is driven by a convergence of macro shocks, including geopolitical instability (standoffs involving the U.S., Iran, and Venezuela), persistently high interest rates from the Federal Reserve, and massive forced liquidations exceeding $2.8 billion. Market sentiment has plunged into "Extreme Fear," reaching levels not seen since 2023.
Bitcoin Insights Today
-Crash Dynamics: Bitcoin erased all gains made since the November 2024 U.S. election, dropping 13% in a single day (February 5) before finding temporary support near $60,000.
-Forced Liquidations: Over $770 million in leveraged positions were liquidated in just 24 hours as key technical supports at $74,400 failed.
-Institutional Shift: Large "whales" and ETFs are reportedly paring down holdings, while analysts note Bitcoin is moving in lockstep with the Nasdaq rather than acting as "digital gold".
-Resistance & Support: Immediate resistance stands at $74,400–$77,000. If the current bounce fails, analysts warn of further slides toward $56,300 or even $49,400.
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