Did Bitcoin Bottom at $60K? Poll Results Say Otherwise

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The majority of voters in a recent poll believes there’s more pain ahead for bitcoin. But, that could be a blessing in disguise.

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Summarize with AI

The past several months have been a consistent struggle for the primary cryptocurrency, which traded above $126,000 in early October – not that long ago.

However, it was rejected there, and the October 10 crash that wiped out over $19 billion in leveraged positions started something that it seems hasn’t ended yet. Although bitcoin didn’t collapse below $100,000 at the time, it did so in November and hasn’t been within a six-digit price territory ever since.

It ended 2025 in the red, making it the first post-halving year to do so. Although it started 2026 on the right foot and neared $100,000 by the middle of January, it faltered there, and the subsequent rejection was more than just a healthy correction.

In the span of just a few weeks, the cryptocurrency plunged by almost $40,000 and dumped to $60,000 on February 6. This meant that the asset had crashed by more than 50% since its October all-time high.

Although this is a massive price calamity that brought down the entire market and the overall sentiment with it, especially in times when other financial industries were thriving, most people in a recent survey voted that the bottom is not actually in.

A poll by Ali Martinez shows that only 22.7% of the voters responded that $60,000 was the lowest BTC will ever go 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 near-50% crash.