Why did Bitcoin USD drop 0.97% today?

Bitcoin USD declined due to macroeconomic uncertainty surrounding Federal Reserve policy changes and tariff concerns. Market data shows $817 million in Bitcoin ETF outflows and over $2.5 billion in liquidations from leveraged positions, creating selling pressure across the cryptocurrency market on February 3, 2026.

What is the Bitcoin USD price target for February 2026?

Technical analysis suggests a monthly target of $92,791, representing an 18.1% gain from current levels. This target assumes support holds at $84,209 and market sentiment stabilizes. Quarterly forecasts extend to $125,517, though near-term recovery depends on breaking above the $89,814 moving average resistance.

Is Bitcoin USD oversold right now?

The RSI at 48.91 indicates neutral conditions rather than oversold extremes. However, the 6.94% weekly decline and recent liquidations suggest the market may be approaching oversold territory. A break below $84,209 support would confirm further downside, while a hold would suggest stabilization.

What support levels matter for BTCUSD?

The critical support zone is $84,209 (Bollinger Band lower). Below that, the day low of $75,644 and year low of $74,421 become targets. Above current price, the $89,814 moving average represents key resistance that must hold for recovery confirmation.

How does Bitcoin USD compare to other cryptocurrencies?

Bitcoin USD has outperformed some altcoins during this decline, with Ethereum down 7.07% and Solana down 4.97% on the same day. Bitcoin's larger market cap and institutional adoption provide relative stability, though it remains correlated with broader risk sentiment in financial markets.

Crypto Insights

BTCUSD Bitcoin USD Faces $93000 Target as -0.97% Daily Decline Tests Recovery

ByHuzaifa Zahoor February 4, 2026February 4, 2026

Bitcoin USD (BTCUSD) is trading at $78,648 as of February 3, 2026, down 0.97% in the last 24 hours. The world’s largest cryptocurrency has faced significant headwinds this week, with a broader market correction pushing prices lower. Despite the near-term weakness, BTCUSD maintains critical support levels that traders are watching closely. Market data shows mixed signals between technical indicators and price action, creating uncertainty about the next major move. Understanding where Bitcoin USD stands today requires examining both the technical setup and the broader market context driving recent volatility.