Has Bitcoin hit a low of $60,000? Survey results Say different

The majority of voters in a recent poll believe more pain lies ahead for Bitcoin. But that could be a blessing in disguise.

However, it was rejected there, and the October 10 crash, which wiped out more than $19 billion in leveraged positions, set in motion something that doesn’t seem to have ended yet. While Bitcoin didn’t fall below $100,000 at the time, it did in November and hasn’t stayed within a six-figure price range since.

It ended 2025 in the red, making it the first year after the halving in which this happened. While it started 2026 well and approached $100,000 in mid-January, it faltered there and the subsequent rejection was more than just a healthy correction.

In just a few weeks, the cryptocurrency dropped nearly $40,000, dropping to $60,000 on February 6. This meant the value had crashed by more than 50% since its all-time high in October.

While this is a massive price disaster that has caused the entire market and overall sentiment to collapse, especially at a time when other financial sectors were booming, most people in a recent survey said the bottom hasn’t really been reached yet.

A poll by Ali Martinez shows that only 22.7% of voters responded that $60,000 would be BTC’s lowest price ever in this market cycle. The answer with the most votes – 30.4% – was actually $38,000, which, given Bitcoin’s price of $70,000 now, would mean another crash of almost 50%.

Price prediction: $BTC Market bottom

— Ali Charts (@alicharts) February 12, 2026

You might also like:

Some recent reports agree with the above results and indicate that the overall market structure has fundamentally changed and the bears are now in control. Analysts are divided in their efforts to determine if the bottom is, but most think it could be somewhere around $50,000.

On the other hand, Warren Buffett has repeatedly emphasized that investors should be greedy when others are fearful, and vice versa. Furthermore, analytics firm Santiment has often noted that BTC typically moves in the opposite direction of public expectations, so there could be a surprise rally lurking somewhere in this pile of fear.