Why did Bitcoin USD drop to $60,000 this week?

Bitcoin USD fell to $60,255 due to macro-led selling, regulatory uncertainty, and liquidations of leveraged positions. The Crypto Fear and Greed Index hit 9, the lowest in 42 months, as investors panicked. The decline represents a 52.2% drop from the October 2025 all-time high of $126,296, driven by broader market concerns and forced selling from margin calls.

What does the RSI at 48.91 mean for Bitcoin USD?

An RSI of 48.91 indicates neutral momentum without overbought (>70) or oversold (

Is Bitcoin USD a buying opportunity at $69,244?

Market data shows Bitcoin USD is trading below its 50-day moving average at $87,974 and well below the all-time high of $126,296. Technical indicators suggest stabilization is occurring, but the asset remains in a downtrend. Historical price levels and support zones are key factors traders monitor when evaluating entry points.

What is the quarterly price target for Bitcoin USD?

The quarterly forecast for Bitcoin USD projects $122,447.91, representing a 76.8% gain from current levels. This target aligns with recovery toward the October 2025 all-time high. Achieving this level would require sustained buying pressure and positive regulatory developments over the next three months.

How does the ADX at 25.89 affect Bitcoin USD trading?

An ADX of 25.89 indicates a strong trend is in place, though the direction remains contested between bulls and bears. ADX above 25 suggests trending conditions rather than range-bound trading. This means Bitcoin USD is likely to continue moving directionally rather than consolidating sideways.

Crypto Insights

Bitcoin USD Rebounds 11.49% as Technical Indicators Suggest Stabilization

ByHuzaifa Zahoor February 9, 2026February 9, 2026

Bitcoin USD has rebounded sharply, gaining 11.49% in a single day as market sentiment shifts from extreme fear. The cryptocurrency is trading at $69,244.74 as of February 8, 2026, recovering from recent lows near $60,000. This recovery marks a critical inflection point for BTCUSD, with technical indicators beginning to stabilize after weeks of selling pressure. Understanding the current price action and what’s driving this bounce requires examining both the technical setup and broader market conditions that have shaped Bitcoin’s recent volatility.