$BTC Market Sentiment Despite the price recovery, the Crypto Fear & Greed Index remains in "extreme fear" territory (as low as 9 recently), indicating deep underlying anxiety. $BTC Bitwise reported that $8.7 billion in Bitcoin losses were realized in the past week—described as a potential "textbook capitulation event" Technical Outlook Analysts are watching key levels:
Resistance: 71,200 (immediate),74,750, and $76,072 (major)
Support: 69,500 (must hold for bullish momentum),65,504, and 63,000-65,000 range
Some analysts see $55,000 as a critical on-chain support level based on realized price metrics Institutional Views
Standard Chartered revised its 2026 year-end target from 150,000 to **100,000**, citing potential ETF outflows
JPMorgan remains more bullish, maintaining a fair value target near $170,000 based on volatility-adjusted models comparing Bitcoin to gold Regulatory Updates Truth Social (Trump-linked) has filed with the SEC to launch Bitcoin and Ether ETFs, plus a staking-focused Cronos fund, potentially deepening institutional crypto access. Meanwhile, the CLARITY Act (crypto market structure bill) faces delays, with a White House meeting on February 10 ending without resolution Note: The crypto market remains highly volatile. The current rally is occurring on thinner weekend volumes, and sentiment remains fragile despite the price bounce#BTC #TRUMP #JPMorgan