Why is WBTCUSD dropping today?

WBTCUSD fell 6.37% due to elevated selling pressure and a break below the $80,000 support level. Trading volume surged to 1.03 billion, indicating institutional and retail selling activity. The broader cryptocurrency market weakness also contributed to the decline as investors reassess risk exposure.

What is the WBTCUSD price forecast for February 2026?

The monthly forecast targets $74,758.08, representing a 5.3% decline from current levels. The quarterly forecast projects $119,550.28, suggesting 51.3% upside potential. The yearly forecast of $99,990.63 indicates 26.6% gains by February 2027 if market conditions stabilize.

What support levels should traders watch for WBTCUSD?

The lower Bollinger Band at $83,836.12 is the first major support zone. The 52-week low of $74,486.36 provides secondary support. The 50-day moving average at $89,626.63 is critical for trend confirmation and potential stabilization signals.

Is WBTCUSD overbought or oversold?

RSI at 59.13 indicates neutral momentum without extreme conditions. However, the Stochastic oscillator at 86.05 suggests short-term overbought conditions, which may indicate a potential bounce. ADX at 33.32 confirms a strong downtrend is in place with directional conviction.

What does the technical analysis reveal about WBTCUSD?

MACD shows bearish momentum with a histogram at 1,009.79. The token trades below both the 50-day and 200-day moving averages, confirming downtrend strength. Bollinger Bands position WBTCUSD near the middle band, with support at $83,836.12 and resistance at $93,404.00.

Crypto Insights

WBTCUSD Wrapped Bitcoin Breaks Below $80K as -0.92% Daily Decline Signals Weakness

ByHuzaifa Zahoor February 2, 2026February 2, 2026

Wrapped Bitcoin USD (WBTCUSD) is trading at $78,996.80 as of February 2, 2026, down sharply from recent highs. The token has declined 6.37% over the past day, breaking below the critical $80,000 level that many traders were watching. Market data shows volume is elevated at 1.03 billion, suggesting active selling pressure. Understanding why WBTCUSD is dropping requires examining both technical factors and broader market conditions. This analysis covers the key drivers behind the decline and what traders should monitor next.