Published & Updated: February 3, 2026 | Tapbit Bitcoin Price & Technical Desk
Bitcoin price today stabilized in the $78,000–$79,500 range on February 3, 2026, recovering modestly after briefly touching $75,000–$76,000 support during early Asia trading. The bounce follows a steep 35% correction from the October 2025 cycle high near $125,000–$126,000, with BTC now down roughly 38% from that peak.
This update breaks down the February 3 price action, technical structure, macro catalysts behind the correction, liquidation pressure, and realistic near-term scenarios for BTC in Q1 2026.
February 3, 2026 Price Action Timeline
| Time (UTC) | BTC Price Range | Change | Key Volume / Event Note |
|---|---|---|---|
| Feb 3, 00:00–06:00 Asia | $78,900 → $75,800 | –3.9% | Weekend overhang + thin liquidity test of $75k |
| 06:00–12:00 Asia/EU overlap | $75,800 → $77,900 | +2.8% | Dip-buyers defend $75k–$76k cluster; volume spike |
| 12:00–18:00 EU/US open | $77,900 → $78,900 | +1.3% | Short covering + macro news digestion |
| Current (late EU session) | ~$78,447 | Stable | Range-bound ahead of US open |
The **$75,000–$76,000** zone acted as strong intraday support, aligning with previous cycle lows and high-volume capitulation clusters from November 2025.
Technical Structure – Key Levels to Watch
Current Price: ~$78,447
- Immediate Support: $77,000–$77,500 (intraday bounce zone)
- Critical Support: $75,000–$76,000 (multi-week defense level)
- Next Major Support: $72,000–$74,000 (200-week moving average zone)
- Deeper Bear Target: $70,000–$72,000 (psychological & prior consolidation)
- Immediate Resistance: $80,000–$82,000 (prior support cluster + 50-day EMA)
- Medium-Term Resistance: $85,000–$88,000 (downtrend line from 2025 peak)
- RSI (daily): ~38–42 → oversold, room for relief bounce
- Fear & Greed Index: ~22–28 (Extreme Fear) → capitulation territory
Macro & Market Drivers Behind the Correction
The 35% drawdown from the $125,000–$126,000 October 2025 peak has been driven by several reinforcing factors:
- Fed “higher-for-longer” stance: January 28 hold at 3.50–3.75% + Powell comments pushed 2026 cut expectations lower → real yields stayed elevated
- Persistent spot ETF outflows: Cumulative multi-billion redemptions since mid-January removed consistent spot bid
- Geopolitical & tariff noise: Renewed Trump tariff rhetoric (autos, semiconductors, copper) & Middle East uncertainty drove risk-off flows into traditional havens (gold briefly $5,300+)
- Leverage flush & liquidations: $2.2B+ futures liquidations on Feb 1–2 amplified downside momentum
- Technical breakdown: Loss of $84k–$85k cluster triggered algorithmic selling and stop cascades
Bitcoin vs Broader Crypto Market – February 3 Snapshot
- Bitcoin Dominance: ~59–60% (stable, no major altcoin outperformance)
- Total Crypto Market Cap: ~$2.66–$2.68T (down ~6% from recent peak)
- ETH/BTC Ratio: Fresh cycle lows → altcoins underperforming
- 24h Liquidations: $1.7B+ (Feb 2) → $300–$500M (Feb 3 early)
- Exchange Netflow: Continued net outflows → long-term holders accumulating
Trading Strategies & Positioning on Tapbit – February 3
- Sign Up on Tapbit (0% maker fees)
- Deposit USDT or JPY via bank transfer / P2P
- Capitulation dip buy: Staged DCA BTC/USDT at $77,000–$78,500 (current exhaustion zone)
- Relief rally entry: Long BTC/USDT perpetuals on confirmed $80,000–$82,000 reclaim (20–50x leverage, isolated margin)
- Risk-off hedge: Long XAU/USDT perpetuals if macro fears intensify
- Risk control: Max 1–2% account risk per trade; trailing stops below $76,000
FAQs – Bitcoin Price February 3, 2026
Why did Bitcoin rebound from $75,000 on February 3?
$75k–$76k aligned with high-volume capitulation clusters from November 2025 + oversold RSI (~35–40). Dip-buyers and short covering defended the zone during thin Asia liquidity.
Is $75,000 the bottom for Bitcoin in 2026?
Possible local floor if support holds and ETF flows stabilize. Break below $75k opens risk toward $72k–$74k (200-week MA). Sustained hold + volume confirmation would signal relief rally potential.
What macro factors are pressuring Bitcoin right now?
Fed “higher-for-longer” messaging (no early cuts), persistent spot ETF outflows, tariff/geopolitical uncertainty, and leverage flush continue to weigh on risk assets.
Should I buy Bitcoin at current levels (~$78,000)?
$77k–$78.5k offers better risk/reward for staged entries if conviction is high. Wait for $80k–$82k reclaim + higher volume before aggressive longs. Below $75k risks deeper correction toward $70k–$74k.
Conclusion & Near-Term Outlook for Bitcoin
Bitcoin’s stabilization around $78,000–$79,500 on February 3, 2026 — after defending $75,000 support — reflects classic capitulation dynamics following a 35% drawdown from the $125,000–$126,000 October 2025 peak. While macro headwinds (Fed policy, tariff risks, ETF outflows) remain in place, oversold technicals (RSI ~38–42), extreme fear readings (~22–28), and continued long-term holder accumulation suggest the correction may be nearing exhaustion.
Tapbit provides traders with optimal execution in this environment: 0% maker fees on BTC/USDT spot & perpetuals, deep liquidity, up to 125x leverage, staking/yield options, and instant fiat ramps via bank/SEPA/P2P. Key levels to monitor: $75k–$76k support hold, $80k–$82k reclaim for relief rally confirmation, ETF flow direction, February jobs report (Feb 7), and Fed speaker comments — capitulation zones have historically preceded the strongest recoveries of the cycle.
Track Bitcoin live & trade volatility on Tapbit:
Disclaimer: Cryptocurrency trading involves significant risk of loss. Prices are highly volatile and can change rapidly. Technical levels, ETF flows and macro events do not guarantee future price action. This article is for informational purposes only and does not constitute investment advice. Always conduct your own research (DYOR) and never invest more than you can afford to lose completely.
