BTC/USD Forecast: Bitcoin Continues to Fall Apart on Thursday – 06 February 2026
Bitcoin plunged below $70,000 on Thursday amid rising bearish pressure, with on-chain data signaling deeper losses and a potential return to crypto winter.

Bitcoin plunged below $70,000 on Thursday amid rising bearish pressure, with on-chain data signaling deeper losses and a potential return to crypto winter.
The Australian dollar weakened Thursday, trading in a tight range between 0.69 and 0.71 as markets assess RBA rate outlook and China’s economic momentum.
Silver prices plunged Thursday, testing the critical $70 level as volatility surged, with traders eyeing a possible breakdown that could spark a deeper correction.
The British pound fell sharply after the BOE decision, testing the 1.35 support as USD strength and central bank uncertainty cloud near-term direction.
EUR/USD found support after closing marginally lower on Thursday and recovered to the 1.1800 area on Friday. Improving risk mood could help the pair hold its ground in the near term.
The USD/CAD pair attracts some sellers following an intraday uptick to the 1.3725 region, or a nearly two-week high touched this Friday, and, for now, seems to have snapped a two-day winning streak amid a combination of negative factors.