Bitcoin Drops Below Its 2021 Peak… Two Clues from the Sharp Plunge
Bitcoin has plunged again to below its 2021 peak, but among some investors, interpretations are emerging that this could rather signal a medium- to long-term opportunity.
According to crypto-focused media outlet Watcher.Guru on February 6 (local time), Bitcoin (BTC) fell intraday to as low as $62,822, dropping below its 2021 peak of $67,000. Amid the sharp correction over recent days, Bitcoin declined 5.9% over 24 hours, about 20% over one week, 26.1% over two weeks, and 28.5% over one month.
Data compiled by CoinGecko show that this correction has brought Bitcoin more than 47% below its all-time high of $126,080 recorded in October 2025. While short-term volatility has intensified dramatically, attention is returning to the fact that post-peak correction phases have repeatedly occurred when compared with past cycles.
Indeed, after the FTX collapse in 2022, Bitcoin plunged to around $15,000 before breaking above $100,000 in roughly two years. During this process, Bitcoin delivered performance far exceeding major technology stocks over the past decade, maintaining its presence as a long-term asset. Watcher.Guru suggested that the current decline could likewise represent a familiar “post-correction leap” phase.
Market participants are focusing on Bitcoin’s repeated pattern of suffering steep declines before going on to set new all-time highs. If this trend continues, expectations are emerging that the current price range could become a buying zone ahead of the next bull market.
Some industry figures continue to present long-term price targets for Bitcoin at around $1 million. Binance founder Changpeng Zhao, ARK Invest CEO Cathie Wood, and Strategy chairman Michael Saylor have all stated that Bitcoin could ultimately surpass $1 million. Should such projections materialize, the current price range may remain an attractive entry point for long-term investors.
*Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses based on it. The content should be interpreted solely for informational purposes.*
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