On February 4, 2026 (GMT-5), Bitcoin (BTC) extended its bearish trend with heightened volatility, plunging to an intraday low near $72,930—a fresh multi-month low—before paring losses to trade around $75,800, marking a roughly 2.8% to 3.5% 24-hour decline amid heavy selling pressure, elevated liquidations, and persistent outflows from U.S. spot Bitcoin ETFs; technically, BTC remained deeply oversold with the 14-period RSI below 25, held below key moving averages, faced immediate resistance near $78,000–$79,500, and relied on critical support around $73,000–$74,500, while market sentiment stayed in extreme fear driven by macro uncertainty, institutional risk aversion, and weak on-chain demand, keeping the short-term bias firmly bearish with a breakdown below $73,000 potentially opening a path toward the psychological $70,000 level.

The market outlook for tomorrow is bullish, with a target price of 76975.41.

This content is for informational/entertainment purposes only—a friendly market recap, not investment advice or a “green light” to trade crypto. Crypto markets are volatile (a wild ride!), so trade wisely, manage risk, and act at your own peril: all profits/losses are yours, and you bear full responsibility. May the crypto odds be with you, but caveat emptor (kind of)!