 ▲ Bitcoin (BTC) plunge / ChatGPT-generated image © |
Bitcoin has plunged again to below its 2021 peak, but among some investors, interpretations are emerging that this could rather signal a medium- to long-term opportunity.
According to crypto-focused media outlet Watcher.Guru on February 6 (local time), Bitcoin (BTC) fell intraday to as low as $62,822, dropping below its 2021 peak of $67,000. Amid the sharp correction over recent days, Bitcoin declined 5.9% over 24 hours, about 20% over one week, 26.1% over two weeks, and 28.5% over one month.
Data compiled by CoinGecko show that this correction has brought Bitcoin more than 47% below its all-time high of $126,080 recorded in October 2025. While short-term volatility has intensified dramatically, attention is returning to the fact that post-peak correction phases have repeatedly occurred when compared with past cycles.
Indeed, after the FTX collapse in 2022, Bitcoin plunged to around $15,000 before breaking above $100,000 in roughly two years. During this process, Bitcoin delivered performance far exceeding major technology stocks over the past decade, maintaining its presence as a long-term asset. Watcher.Guru suggested that the current decline could likewise represent a familiar “post-correction leap” phase.
Market participants are focusing on Bitcoin’s repeated pattern of suffering steep declines before going on to set new all-time highs. If this trend continues, expectations are emerging that the current price range could become a buying zone ahead of the next bull market.
Some industry figures continue to present long-term price targets for Bitcoin at around $1 million. Binance founder Changpeng Zhao, ARK Invest CEO Cathie Wood, and Strategy chairman Michael Saylor have all stated that Bitcoin could ultimately surpass $1 million. Should such projections materialize, the current price range may remain an attractive entry point for long-term investors.
*Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses based on it. The content should be interpreted solely for informational purposes.*