Could BTC Price Drop Below $60,000?

[Suba]

Although Bitcoin's current price on Coinmarketcap is $67,544, according to my records, it briefly dropped to $62,700 (on February 6, 2026). Many factors can cause Bitcoin's price to plummet, including market reaction, US government policies, and the actions of institutions and whales. At that time, US Treasury Secretary Scott Bessent's statement also further ratcheted up the crypto market, leading to an unexpected decline.

Many crypto holders, including individuals, institutions, governments, and whales, are experiencing losses, even though they haven't realized their losses. Currently, whales and institutions will continue to exert selling pressure, and to date, they have sold over $3 billion in Bitcoin. If the crypto price drops below $60,000, or if Bitcoin reaches its lowest level, institutions and whales will quickly adopt Bitcoin at a much lower price.

In conclusion, I can conclude that although the decline in BTC prices has caused significant market volatility, it seems that whales and institutions remain calm and more confident in Bitcoin's future potential.

 

[Stardom22]

In as much as anything can happen with the volatile nature of the Blockchain. It can even fall to less than that.

 

[Augusta]

IiIf the trend continues, it is likely to fall towards $58,000, per Thorn's analysis. While Bitcoin's weakness is apparent, a glimmer of hope may be building for those with longer time frames.