In recent months, Bitcoin has faced a series of challenges, having traded well over $126,000 earlier in October. However, following a significant drop on October 10—where over $19 billion in leveraged positions was eliminated—it’s been a rough path since. While Bitcoin briefly dipped below $100,000, it has been unable to return to six-digit pricing since, concluding 2025 underwhelmingly.

The past year saw Bitcoin’s value decrease dramatically by nearly $40,000, bottoming at $60,000 on February 6, indicating a decline of over 50% from its peak in October.

Despite these setbacks, most respondents from a recent poll conducted by Ali Martinez believe that Bitcoin has not yet reached its bottom. Out of the voters, only 22.7% asserted that $60,000 was the lowest range for Bitcoin in this market cycle, with 30.4% predicting a drop to around $38,000, nearly 50% lower than the current price.

Price Prediction: $BTC Market Bottom — Ali Charts (@alicharts) February 12, 2026

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Analysts are divided on the predictions for Bitcoin’s future, but many suspect that $50,000 could emerge as a key bottom. Meanwhile, Warren Buffett has consistently suggested that investors should embrace opportunities when the market appears fearful. Moreover, analytics firms like Santiment have noted that Bitcoin’s price often trends opposite to public expectations, hinting at a potential rally amid prevalent pessimism.