According to Bloomberg, Kevin Warsh floated a "Fed–Treasury accord" over the weekend, reviving debate over yield‑curve control and coordination with debt issuance. SGH Macro's Tim Duy warned such a framework could tie monetary operations to deficits as interest costs approach $1 trillion annually. BTC traded at $69,151 at press time.

Research firm Bernstein has reiterated its $150,000 Bitcoin price target for 2026 even after the cryptocurrency fell about 50% from its all‑time high and was trading near $69,400. The firm argues the drawdown reflects a crisis of confidence driven by macro conditions and risk sentiment, not structural failure, while institutional investors reportedly see the pullback as a chance to re‑enter the market. Some traders and technical analysts, however, still warn of potential downside ahead, pointing to the possibility of a deeper correction.

Bitcoin has rebounded from support above $66,000 and is now trading over $70,000, with price action constrained below resistance levels at $72,000 and $72,500. The BTC/USD pair sits above the 100 hourly simple moving average within a rising channel that has support near $68,800, while failure to clear $72,500 could open the way for a move back toward $69,400, $68,500 and potentially $66,500–$65,000.

Bitcoin climbed back above $71,000 after sentiment gauges like the Crypto Fear & Greed Index plunged to a record low of 7, raising debate over whether $60,000 marks the cycle's floor. Some analysts point to oversold RSI readings and over $5.45 billion in short liquidations above current prices as fuel for a rebound, while others highlight structural weakness below key moving averages and derivatives-driven selling that could still drag BTC under $60,000. Historical Fibonacci levels around $57,000 and even $42,000 are being monitored as potential downside targets if past bear market patterns repeat.

In his latest tweet, Rich Dad Poor Dad author Robert Kiyosaki said he would pick Bitcoin over gold, arguing the metal's supply can expand while BTC is capped by design. He highlighted Bitcoin's 21 million limit and a circulating supply of 19.98 million, framing scarcity as a long-term value driver.

In February, USDT’s market share revisited the 8.50%–9.00% band that previously aligned with Bitcoin’s bear‑market lows, according to TradingView. The same signal is appearing again in 2026, while BTC’s weekly RSI dipped below 30 and price rebounded near the 200‑week SMA, improving odds of a near‑term bottom around $60,000.

In a February 7 X post, Tesla investor Ross Gerber said the surge of scam and low‑quality tokens has undercut confidence and helped push Bitcoin below $70,000 last week. He also cited fading catalysts, ETF outflows, and leverage-driven liquidations. Separately, analyst Chiefy predicted a potential slide toward $42,000, with BTC then trading above $69,800.

During the week ending 6 February, BlackRock’s spot Bitcoin ETF IBIT saw net outflows of $115.14 million as Bitcoin rapidly fell from the mid-$80,000s to the high-$60,000s. On-chain data shows at least eight BlackRock-linked transfers totaling about 2,268 BTC moving to Coinbase Prime, which is used for ETF settlement rather than necessarily for immediate selling.