{"id":67700,"date":"2026-02-06T17:48:35","date_gmt":"2026-02-06T17:48:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-bounces-to-67000-after-thursdays-bloodbath\/"},"modified":"2026-02-06T17:48:35","modified_gmt":"2026-02-06T17:48:35","slug":"bitcoin-price-bounces-to-67000-after-thursdays-bloodbath","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-bounces-to-67000-after-thursdays-bloodbath\/","title":{"rendered":"Bitcoin price bounces to $67,000 after Thursday&#8217;s bloodbath"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1643660702718-5919cc2e-e26b-4be5-904c-998b99386278-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1643660702718-5919cc2e-e26b-4be5-904c-998b99386278-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1643660702718-5919cc2e-e26b-4be5-904c-998b99386278-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1643660702718-5919cc2e-e26b-4be5-904c-998b99386278-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin price plunged to $60,000, its biggest single-day fall since the FTX crash.<\/li>\n<li>Prices rose to above $66,000 as analysts forecast a potential dead cat bounce.<\/li>\n<li>Market sentiment remains in extreme fear.<\/li>\n<\/ul>\n<p>Bitcoin fell sharply on Friday, crashing to lows of $60,000, which ignited widespread selling before swiftly staging a dramatic recovery to around $67,100.<\/p>\n<p>The volatile swing has sent the cryptocurrency market sentiment into extreme fear, with top altcoins, including Ethereum, XRP, and Solana, hitting critical support levels below $1,900, $1.40, and $80, respectively.<\/p>\n<p>But after experiencing one of its most severe single-day plunges in history, can bulls sustain the flip?<\/p>\n<h2>Bitcoin sees biggest 24-hour dip since FTX crash<\/h2>\n<p>As noted, Bitcoin plummeted more than $10,000 in a matter of hours on Thursday, briefly dipping to lows near $60,000.<\/p>\n<figure id=\"attachment_360613\" aria-describedby=\"caption-attachment-360613\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-360613\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/bitcoin-price.png\" alt=\"Bitcoin BTC Price Chart\" width=\"1057\" height=\"609\"\/><figcaption id=\"caption-attachment-360613\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">Bitcoin price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>While Bitcoin has since recovered some ground and stabilised near $67,000 at the time of writing, the broader market remains under pressure following the cryptocurrency\u2019s sharpest one-day decline since the collapse of FTX in November 2022.<\/p>\n<p>Unlike previous sell-offs triggered by clear catalysts such as regulatory actions or exchange failures, the latest downturn appears to have been driven largely by technical factors.<\/p>\n<p>Analysts have pointed to a wave of liquidations and forced unwinding of highly leveraged positions, as traders who had positioned for continued gains were caught off guard by the sudden reversal in momentum.<\/p>\n<p>Crypto analyst and investor Lark Davis shared the following on X:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">There&#8217;s discussion that Bitcoin&#8217;s dump is part of a bigger domino effect.<\/p>\n<p>People borrowed money to buy Bitcoin, gold, and silver. When prices dropped, lenders said &#8220;give us more money NOW or we&#8217;ll sell your stuff.&#8221;<\/p>\n<p>The problem: People didn&#8217;t have cash, so they sold their OTHER\u2026<\/p>\n<p>\u2014 Lark Davis (@LarkDavis) <a href=\"https:\/\/twitter.com\/LarkDavis\/status\/2019750956448047173?ref_src=twsrc%5Etfw\">February 6, 2026<\/a><\/p>\n<\/blockquote>\n<p>Data from Coinglass showed that more than $2.6 billion worth of cryptocurrency positions were liquidated over the past 24 hours, with Bitcoin derivatives accounting for the largest share.<\/p>\n<p>The sell-off spread across major altcoins. Ethereum fell below $1,800 for the first time in more than a year, while Solana slid to around $67, its lowest level since December 2023.<\/p>\n<p>XRP also came under heavy pressure, touching lows near $1.13 and raising the risk of a move back below the $1 mark for the token linked to Ripple.<\/p>\n<p>Market participants noted that open interest in Bitcoin futures had climbed to record levels before the downturn, leaving heavily leveraged long positions exposed when prices reversed sharply.<\/p>\n<h2>Bitcoin price outlook: dead cat bounce or sustained rally?<\/h2>\n<p>As Bitcoin trades near $66,000, traders are weighing whether the rebound marks the start of a sustained recovery or represents a short-lived \u201cdead cat bounce\u201d that could give way to renewed losses.<\/p>\n<p>Bearish sentiment remains dominant, with market confidence sliding to extreme lows.<\/p>\n<p>The CoinMarketCap Fear and Greed Index is currently at 5 out of 100, signalling severe investor anxiety.<\/p>\n<p>Despite this, some analysts argue that supportive factors are still present.<\/p>\n<p>The scale of the recent sell-off, driven in part by heavy long liquidations, has raised the possibility of a short squeeze.<\/p>\n<p>If short sellers continue to cover positions, prices could extend their recovery.<\/p>\n<p>For bulls, a sustained move above $70,000 and a retest of $73,000 would be key technical milestones.<\/p>\n<p>However, if momentum weakens amid ongoing macroeconomic and geopolitical pressures, Bitcoin could slip toward $60,000, undermining the rebound.<\/p>\n<p>In that scenario, some market participants see $50,000 as the next potential downside target.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-bounces-to-67000-after-thursdays-bloodbath\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin price plunged to $60,000, its biggest single-day fall since the FTX crash. Prices rose to above $66,000 as analysts forecast a potential dead cat bounce. Market sentiment remains in extreme fear. Bitcoin fell sharply on Friday, crashing to lows of [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":67701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67700"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=67700"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/67701"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=67700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=67700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=67700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}