Saturday, February 7, 2026, Bitcoin surprised markets by rebounding 12.2% to reach $70,524, after hitting a low of $62,854 the day before. Ethereum followed with a 13.2% gain, trading at $2,061. Despite this rebound, the week remains negative, with BTC down 16.2% over seven days.
This spectacular turnaround is explained by a return of bargain buying, often seen after brutal drops. Investors, seeing Bitcoin below $65,000, seized the opportunity to accumulate, while shorts were caught off guard, triggering a squeeze. Volumes remained high but lower than the previous day, suggesting stabilization rather than a new impulse. The market appears to be seeking equilibrium after the panic.
For analysts, this rebound is a sign of resilience, but caution remains warranted. Bitcoin must now hold above $70,000 to avoid another test of $60,000. Ethereum, though up, remains under pressure with a weekly loss of 18.5%. Investors are watching the coming days to confirm whether this rebound is sustainable or just a blip in a bearish trend.
Related Articles
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In-Depth Analysis
- Bitcoin at 66K: extreme fear recedes — 3 reasons to believe in the rebound
- The Great Decoupling: BTC at $60,922, ETH at $1,581 — The Moment of Truth, Analysis of June 6, 2026
Historical Context
- Consolidation Sets In: BTC and ETH in Pause Mode, the Market Holds Its Breath
- Bitcoin Crashes Below $64K as Kevin Warsh’s Hawkish Fed Halts Crypto Rally
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