Bitcoin ($BTC) Crypto Forecast: Up 8.2% Today

What is Bitcoin?

Bitcoin (BTC) is the leading cryptocurrency by market capitalization and is known for its volatile price movements. Today, BTC experienced a strong bullish movement in the market.

Why is Bitcoin going up?

BTC crypto is up 8.2% on Feb 7, 2026 6:41

• The surge in Google search volume for "Bitcoin" amidst a $60K plunge indicates renewed retail interest in the cryptocurrency, potentially driving up demand and pushing prices higher.
• The combination of factors contributing to the crypto market crash may have prompted investors to view Bitcoin as a safe-haven asset, leading to increased buying pressure.
• The skepticism around macro "accommodative policies" as a catalyst for Bitcoin's price rise could have sparked a shift in investor sentiment towards the digital asset, resulting in the bullish movement.
• The correction of a payout error by Bithumb after abnormal Bitcoin trades may have restored confidence in the market, reassuring investors and contributing to the positive price action of Bitcoin.

BTC Price Chart

BTC Technical Analysis

BTC News

Google Search Volume For 'Bitcoin' Surges Amid $60K Plunge

The surge in Google search activity for "Bitcoin" led Bitwise's head of Europe, André Dragosch, to claim that "retail is coming back." ...

https://cointelegraph.com/news/bitcoin-google-search-volume-surges-btc-price-volatility

Why Bitcoin and top cryptos are falling: Bitwise

The crypto market crash since October isn't down to a single factor but a combination of several, according to Bitwise CIO Matt Hougan.

https://www.fxstreet.com/cryptocurrencies/news/why-bitcoin-and-top-cryptos-are-falling-bitwise-202602070244

Macro 'Accomodative Policies' May Not Be The Next Big Catalyst For Bitcoin

Bitcoin reaching a point where its price keeps rising even as the US Federal Reserve hikes interest rates would be "the endgame," according to crypto executive Jeff Park.

https://cointelegraph.com/news/bitcoin-bull-market-catalyst-us-federal-reserve-interest-rates-fall

Crypto Biz: Sell-Off Hits Treasuries, ETFs and Mining Infrastructure

Crypto's downturn is rippling through treasuries, ETFs and mining infrastructure, exposing how digital asset volatility reshapes balance sheets and operations.

https://cointelegraph.com/news/crypto-stress-test-hits-balance-sheets-bitcoin-ether-collapse

Bithumb Corrects Payout Error After Abnormal Bitcoin Trades

The South Korean exchange said an internal error during a promotional event led to brief price dislocations, stressing that no customer assets were lost.

https://cointelegraph.com/news/bithumb-confirms-reward-payout-error-after-abnormal-bitcoin-trades

Trending Today

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Bitcoin Price History

06.01.2026 - BTC Crypto was up 6.5%

• An accidental $95 billion giveaway by a South Korean crypto exchange led to a temporary crash in Bitcoin's price as users sold off their holdings, creating a buying opportunity for others.
• Despite market fluctuations, TD Cowen maintained a $440 price target for Bitcoin, indicating confidence in the cryptocurrency's long-term value.
• The debate between Bitcoin and gold as defensive or offensive assets may have influenced investor sentiment, with some viewing Bitcoin as a portfolio booster during market rebounds.
• Bitcoin's resilience in rebounding back above $70,000 after nearly dropping below $60,000 suggests ongoing volatility and uncertainty in the market, with analysts predicting potential further price swings between $40,000 to $50,000.

06.01.2026 - BTC Crypto was up 5.5%

• Cathie Wood's Ark Invest selling Coinbase shares amid Bitcoin's crash may have added to the negative sentiment in the market.
• The discussion around Bitcoin's supply dynamics and market narratives might have caused uncertainty among investors, contributing to the price slide.
• The record crash below the 200-day simple moving average could have triggered panic selling and further exacerbated the bearish momentum.
• The rebound in Bitcoin's price, leading to surges in Robinhood and Hut 8 Mining stocks, indicates that market participants are closely tracking Bitcoin's movements for trading opportunities.

06.01.2026 - BTC Crypto was down 8.4%

• Bitcoin (BTC) has been on a notable slide in price and market sentiment, declining nearly 30% over the past month, erasing gains from late 2025.
• The prediction of BTC touching a level that could potentially bankrupt miners, as highlighted by Michael Burry, has added to the bearish sentiment surrounding the cryptocurrency.
• Receiving a $1.5 million energy efficiency incentive and reporting operational results did not seem to have a positive impact on BTC's price movement.
• The overall crypto market lost $2.65 billion, with Bitcoin dropping to $60,000, intensifying the bearish sentiment and leading to a broader sell-off, as seen with Solana (SOL) slipping below $70 amid BTC's decline.

06.01.2026 - BTC Crypto was up 5.7%

• Bitcoin and altcoins surged with double-digit price rebounds following a recent decline, leading to discussions on whether this indicates a potential recovery or is just a temporary bounce back.
• Companies like Strategy (MSTR), BitMine (BMNR), and Coinbase (COIN) witnessed significant increases in their share prices as Bitcoin stabilized, reflecting positive market sentiment within the cryptocurrency space.
• Cathie Wood's ARK ETFs made bullish investments while reducing their holdings in Coinbase amidst market fluctuations, demonstrating a tactical adjustment in their investment portfolio.
• While some expressed concerns over Bitcoin's recent market downturn, the cryptocurrency demonstrated resilience and a strong recovery, potentially driven by optimistic market sentiment and increased buying activity.

06.01.2026 - BTC Crypto was down 7.9%

• BTC's bearish movement to $60,000 was part of a broader market decline, with the cryptocurrency market losing $2.65 billion in valuation.
• The sell-off in BTC also impacted other cryptocurrencies like Solana (SOL), which saw a 23% loss this week due to the weakness in the overall crypto market.
• The decrease in supply of Bitcoin held by large holders to a 9-month low, coupled with the decline in Bitcoin mining stocks, added to the bearish sentiment in the market.
• The multi-month lows reached by BTC, Ethereum (ETH), and Ripple (XRP) were influenced by a combination of factors, including the overall market sentiment and possibly profit-taking by large holders, signaling a bear cycle in the crypto market.

06.01.2026 - BTC Crypto was down 7.9%

• The bearish movement in BTC today may be linked to significant outflows from Bitcoin ETFs, signifying a lack of investor confidence and potential selling pressure on the asset.
• Concerns about Bitcoin hitting a critical level that could pose financial challenges for miners, as forecasted by Michael Burry, could have contributed to the prevailing negative sentiment around BTC.
• Despite the market downturn, Metaplanet's CEO's decision to increase Bitcoin accumulation reflects optimism in the long-term potential of the cryptocurrency, contrasting with the current downtrend.
• The growing regulatory attention on crypto, as emphasized by Anthony Scaramucci and Chuck Schumer's advocacy for the CLARITY Act, could be introducing regulatory uncertainties that are further impacting BTC's price negatively.

06.01.2026 - BTC Crypto was up 6.3%

• Bitcoin's price approached $60,000 despite recent concerns about its utility.
• There is a belief among investors that Bitcoin is offensive while gold is defensive, especially in market rebounds.
• Galaxy approved a $200M share buyback during a crypto market downturn, potentially boosting confidence in Bitcoin.
• Ark Invest, led by Cathie Wood, sold off Coinbase shares during Bitcoin's decline, indicating a pivot towards direct Bitcoin exposure as investor sentiments evolve.

06.01.2026 - BTC Crypto was down 9.5%

• A Bitcoin treasury firm reported a substantial net loss in Q4 2025, which may have contributed to negative sentiment surrounding Bitcoin.
• The top losers in the cryptocurrency market, including Monero, Zcash, and Jupiter, indicate a broader bearish trend affecting Bitcoin as well.
• Bitcoin miners IREN and CleanSpark also faced challenges with earnings misses, adding pressure to the sector and potentially impacting Bitcoin's price decline.
• The record-breaking daily volume in BlackRock's Bitcoin ETF suggests heightened trading activity amidst Bitcoin's sharp drop, reflecting increased market volatility and investor reactions to the bearish movement.

06.01.2026 - BTC Crypto was up 11.4%

• BTC's bullish movement is likely due to Bitcoin surpassing the $70,000 milestone, which has had a positive impact on the entire cryptocurrency market.
• The resolution of payout discrepancies by Bithumb following unusual Bitcoin transactions might have reinstated confidence among investors, leading to an uptick in BTC demand.
• Recent reports of Bitfarms transitioning from Bitcoin mining to AI operations in the US have brought attention to alternative applications of cryptocurrencies, including BTC.
• Amid declining Bitcoin and Ethereum prices, the significant liquidations of Coinbase's cryptocurrency-backed loans may have prompted investors to turn to more conventional cryptocurrencies like BTC, potentially fueling its upward trend.

07.01.2026 - BTC Crypto was up 9.8%

• Despite recent market downturns, Bitcoin managed to defy the odds and experience a strong bullish movement today.
• The skepticism around Bitcoin's price sustainability did not seem to deter investors from driving up its value.
• The correction of an internal error by a cryptocurrency exchange and a strategic shift of a mining company may have added some uncertainty to the market, but Bitcoin's resilience indicates continued investor confidence in the cryptocurrency.

07.01.2026 - BTC Crypto was up 8.2%

• The surge in Google search volume for "Bitcoin" amidst a $60K plunge indicates renewed retail interest in the cryptocurrency, potentially driving up demand and pushing prices higher.
• The combination of factors contributing to the crypto market crash may have prompted investors to view Bitcoin as a safe-haven asset, leading to increased buying pressure.
• The skepticism around macro "accommodative policies" as a catalyst for Bitcoin's price rise could have sparked a shift in investor sentiment towards the digital asset, resulting in the bullish movement.
• The correction of a payout error by Bithumb after abnormal Bitcoin trades may have restored confidence in the market, reassuring investors and contributing to the positive price action of Bitcoin.

06.01.2026 - BTC Crypto was up 10.9%

• Correction of a payout error by Bithumb and brief price dislocations possibly caused temporary market uncertainty, leading to increased demand for BTC as a more stable asset.
• Bitfarms' transition from Bitcoin mining to AI compute and relocation to the US could have indicated a shift in the crypto industry, boosting confidence in BTC's long-term value.
• The rally of Shiba Inu following Bitcoin's reclaiming of $70,000 reflects positive market sentiment, with investors turning to BTC as a safe-haven asset during market fluctuations.
• The record liquidations of crypto-backed loans by Coinbase amid Bitcoin and Ethereum price drops might have influenced investors to turn towards BTC as a more secure investment option amidst market volatility.