cryptocurrency

Will BTC Drop Below $60K?

Analysts expect a volatile near-term future for BTC, with some questioning whether a new low is on the way.

Bitcoin went through some strong trading sessions in late January and early February, falling from above $90,000 to a 15-month low of $60,000 in less than ten days. However, it has been sluggish since then, mostly trading below $70,000, with little sign of a breakout.

The founder and CIO of the MN Fund, Michaël van de Poppe, explained the latest situation, indicating that the volatility of BTC “is the lowest it has been since the crash.” As a result, he decided that “there is a big move on the horizon” and explained his plan to buy or sell.

Under $60K or Over $80K?

A prominent analyst said he would be a “big buyer for sure” if bitcoin dips again. On the contrary, “you will start to take some profit” if the cryptocurrency examines the range of $ 80,000-$ 85,000.

Merlijn The Trader also weighed in on BTC’s recent performance, highlighting the importance of the current $67,000 level. If it is lost, the analyst believes that $ 60,000 will be concentrated again. His worst case scenario sees a big drop of less than $50,000 if February 6 goes through.

Glassnode was slightly lower, predicting that bitcoin could drop as low as $55,000 if the situation worsens again soon.

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Year of the Bells

Doctor Profit, who has been among the few analysts predicting a BTC crash below $100,000 at the end of 2025, said that the cryptocurrency is now trading around 50% below its October all-time high. He noted that “it’s bad to lose money, but it’s even worse to lose it in terms of USD.”

The analyst predicted that 2026 will be the year of precious metals, such as gold and silver. Both of these assets experienced significant volatility in 2026. Gold, for example, soared to an all-time high of $5,600/oz in late January before falling to $4,400 days later. It managed to climb back to $5,000 as of press time.

On the other hand, silver shot up to $120, lost to $64, and is now near $80. Both metals are slightly in the green on the year-to-date scale, while BTC is deep in the red.

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