Bitcoin holds firm, analysts eye possible jump to $81,000

In Asian markets, the price of Bitcoin fluctuated near this level, in sharp contrast to last week’s events, when the cryptocurrency fell to its lowest levels in more than a year and then recovered quickly.

Thus, Bitcoin’s drop to $60,033 at the end of last week became the lowest point since October 2024. However, this very collapse became a litmus test for investors:

• Liquidation of speculators — the sharp drop washed out excessive leverage and weak players, clearing the market for further movement;
• The $60,000 level officially confirmed its status as the main psychological and technical bastion;
• The return to $70,000 in less than 48 hours indicates colossal pent-up demand.

Traders remain cautious

“Crypto markets have stabilized but the market is still uncertain that the worst is over,” noted Caroline Mauron, co-founder of Orbit Markets.

According to her, despite the White House’s favorable stance toward cryptocurrencies and the growth of institutional adoption, Bitcoin remains vulnerable to high volatility and has not yet fully fulfilled the role of “digital gold” during periods of geopolitical uncertainty.

Investor optimism

On February 6, US Bitcoin exchange-traded funds recorded inflows of $221 million, as investors sought to buy assets after the sharp sell-off. This suggests that big money viewed the price as a convenient springboard.

According to Sean McNulty of FalconX, current market sentiment is cautiously constructive, as last week’s turbulence cleared away speculative froth and allowed the market to trade on stronger fundamentals.

“The turbulence last week has purged speculative froth and left the market trading on stronger fundamentals,” McNulty said.

Will we see $81,000 in the near future?

Analysts from Orbit Markets and IG Australia note that the recent stress test has opened the door to an optimistic scenario:

• Critical zone ($73,000–$75,000): This is the last major barrier. If Bitcoin closes a daily candle above $75,000, a phase of clear skies could begin.
• Target of $81,000: Provided the current pace of capital inflows into ETFs continues, this level could be reached by the end of the current week.
• Main risk: As long as the price holds above the 200-week average ($58,000), the bear market is considered officially over.

Thus, last week Bitcoin did not merely survive - it emerged stronger. The next few days will be decisive: either we see a new all-time high, or the market enters a phase of prolonged consolidation before a major jump.

Not long ago, US President Donald Trump expressed his intention to turn the US into a Bitcoin superpower and the crypto capital of the world.

In May 2025, Bitcoin surpassed the $100,000 mark for the first time in several months, posting a gain of more than 3% in a single day.