Why did Bitcoin USD gain 11.49% today?

Bitcoin USD rebounded as extreme fear readings attracted contrarian buyers and short-covering accelerated. Liquidations on lending platforms exhausted weak hands, while technical support levels held, triggering algorithmic buying and institutional accumulation at depressed prices.

What is Bitcoin USD's price target for 2026?

Yearly forecasts estimate **$97,708.81**, representing a **40.8%** gain from current levels. This assumes regulatory clarity and sustained institutional adoption. Quarterly targets suggest **$122,447.91** if fear subsides faster, while monthly consolidation may test **$71,408.39** first.

Is Bitcoin USD oversold or overbought right now?

Bitcoin USD's RSI at **48.91** indicates neutral conditions, neither oversold nor overbought. The Awesome Oscillator shows positive divergence, suggesting underlying strength. Price trades near the middle Bollinger Band, offering room to move in either direction.

What support and resistance levels matter for Bitcoin USD?

Critical support sits at **$84,208.69** (lower Bollinger Band) and **$67,293.26** (day low). Resistance appears at **$93,209.41** (upper Bollinger Band) and **$71,648.05** (day high). Breaking below support could trigger moves toward **$60,000**.

How does the Fear and Greed Index affect Bitcoin USD?

The index at **9** signals extreme fear, historically preceding major reversals. Capitulation sentiment exhausts panic sellers, creating conditions for recovery. Past cycles show Bitcoin USD typically rebounds sharply when fear reaches these extreme levels.

Crypto Insights

Bitcoin USD Rebounds 11.49% as Fear Index Hits 3.5-Year Low

ByDanny Kontos February 8, 2026February 8, 2026

Bitcoin USD has staged a notable recovery, gaining 11.49% as market sentiment reaches its lowest point in 3.5 years. The cryptocurrency traded at $69,375.47 as of February 7, 2026, rebounding from a brutal selloff that pushed prices to 15-month lows. This rebound comes as the Crypto Fear and Greed Index plummeted to extreme levels, creating potential opportunities for contrarian traders. Understanding the technical setup and market dynamics behind this recovery is essential for anyone tracking Bitcoin USD’s next major move.