 ▲ Bitcoin (BTC) |
As Bitcoin (BTC) moves past a phase of extreme volatility, analysts suggest growing expectations for “range-bound stability” toward the end of February.
According to crypto-focused media outlet Finbold on February 7 (local time), data from the decentralized prediction market Polymarket shows that market participants assign a relatively high probability to Bitcoin closing above $70,000 by the end of February. This outlook assumes a partial recovery from the recent plunge below $65,000.
On Polymarket, the price level with the highest implied probability is $75,000, standing at 54%. This suggests a prevailing view that rather than a sharp rally or an additional steep decline, Bitcoin is likely to continue fluctuating within a limited range as it undergoes a consolidation phase.
Downside risks remain priced into the market. The probability of Bitcoin falling to $60,000 stands at 42%, while the likelihood of a drop to $55,000 is estimated at 23%, indicating that concerns over macroeconomic uncertainty and broader risk assets have not been fully resolved. Meanwhile, the probability of reaching $80,000 is 25%, $85,000 is just 12%, and all scenarios above $100,000 remain in the single-digit range.
These expectations coincide with Bitcoin’s recent rebound following a record intraday plunge. Earlier this week, Bitcoin briefly fell to the low $60,000 range, marking one of the steepest intraday declines in recent years, before sharply rebounding to reclaim $70,000 within a single day. At the time of writing, Bitcoin was trading at $68,314, up approximately 3% over the past 24 hours.
This rebound is widely interpreted as buying interest emerging from technically oversold conditions after large-scale liquidations. During the sharp sell-off, more than $2.6 billion in liquidations occurred across the crypto market, after which trading volume recovered to around $90 billion and total market capitalization rebounded to approximately $1.37 trillion. However, Bitcoin remains more than 45% below its all-time high of roughly $126,000 recorded in October 2025, with the market closely watching the $60,000–$65,000 range as a key support zone and $75,000 as a near-term resistance level.
*Disclaimer: This article is for investment reference only, and the publisher is not responsible for any investment losses incurred based on this information. The content should be interpreted solely for informational purposes.*