Bitcoin Price Today flirted with its lowest level in nearly a year on February 2, 2026, as global markets showed renewed signs of volatility and growing investor risk aversion. According to trading data, the world’s largest cryptocurrency fell as low as around $74,500 during Asian trading hours, approaching the weakest levels recorded since former U.S. President Donald Trump returned to office in late 2024. This move aligns with the broader Bitcoin falls observed in recent weeks.
The sell-off comes amid renewed turbulence in global markets, where shifting expectations around U.S. monetary policy and rising geopolitical tensions continue to weigh on investor sentiment. Bitcoin’s decline followed a nearly 11% drop in January, marking its fourth consecutive monthly loss, the longest losing streak since the 2018 crypto downturn. Analysts comparing this trend with Asian market slides highlight the growing correlation between cryptocurrencies and global equities.
(MarketWatch)
Technical Analysis: Key Levels to Watch
- Support Levels: Bitcoin is testing support near $74,000–$75,000, close to a 6-month historical low. Breaching this could trigger further selling.
- Resistance Levels: Immediate resistance sits around $78,500–$79,000, where price consolidation occurred in late January.
- Moving Averages: BTC is below its 50-day and 200-day moving averages, signaling continued bearish momentum.
- RSI (Relative Strength Index): Nearing oversold territory at 28, which may indicate a potential short-term bounce. This aligns with patterns previously noted in Finance Surfboard analysis, showing how macro volatility affects asset classes broadly.
Traders are closely watching these levels for potential entry points, though market uncertainty remains high.
Why Bitcoin Is Falling
Several factors are driving the current slump:
- Macro volatility: Broader equities and commodities markets have displayed sharp swings, with precious metals like gold and silver also declining. This mirrors Asian markets’ recent performance, amplifying risk-off trading. (The Guardian)
- Liquidations and deleveraging: Recent stress has caused massive liquidations in leveraged crypto positions, further pressuring Bitcoin prices. (Economic Times)
- Policy uncertainty: Anticipation of potential changes in U.S. Federal Reserve leadership has made investors cautious, reducing appetite for riskier assets.
Currently, Bitcoin hovers in the mid-$70,000s, with trading volumes lower than in previous weeks. For real-time Bitcoin tracking, CoinMarketCap remains a trusted source: BTC Price on CoinMarketCap.
Visual Snapshot: Bitcoin Technicals & Monthly Performance
| Indicator | Level / Status | Analysis |
| Support | $74,000 – $75,000 | Key 6-month low; breaching may trigger a deeper sell-off |
| Resistance | $78,500 – $79,000 | Short-term ceiling; previous consolidation zone |
| 50-Day MA | $77,200 | Price below the MA signals bearish momentum |
| 200-Day MA | $80,100 | Long-term trend resistance; still above recent lows |
| RSI | 28 (Oversold) | Could suggest a short-term bounce if sentiment stabilizes |
| January Performance | -11% | Fourth consecutive losing month; longest streak since 2018 |
Tip for readers: Watch support/resistance closely before making trades; consider macro trends alongside technicals.
Implications for Crypto Markets
Bitcoin’s price action highlights the growing interconnection between digital assets and traditional financial markets. Once considered a hedge or “digital gold,” BTC now often tracks risk assets during periods of uncertainty. Analysts warn that unless institutional inflows resume and macro conditions stabilize, cryptocurrencies may continue to experience volatile trading or further drawdowns.
Historical trends and monthly performance data available via Yahoo Finance BTC charts show that Bitcoin tends to bounce after oversold conditions, but timing remains unpredictable. Experts at Barron’s suggest traders stay cautious and use technical levels to manage risk.
Is Bitcoin Poised for a Bounce or Deeper Dive?
Bitcoin’s recent decline underscores the volatility of cryptocurrency markets in a macro-driven environment. While technical indicators suggest potential short-term support, ongoing macroeconomic and policy uncertainties could continue to weigh on prices, as highlighted in recent Bitcoin market analysis from global analysts. For timely updates on Bitcoin price today, cryptocurrencies, and global market trends, stay connected with FinanceCurves for expert insights, live price updates, and comprehensive market analysis.
Marshall Mason is a senior market analyst at FinanceCurves.com, leading the finance news and trends category with expert coverage of crypto and financial markets. He tracks real-time market movements, price fluctuations, data-driven trends, and breaking updates across digital assets and global finance. With a strong analytical approach, Marshall translates complex market data into clear insights, helping readers understand market ups and downs, volatility patterns, and the forces shaping today’s crypto and financial landscapes.
