Bitcoin (BTC) Technical Analysis

The chart below illustrates the 30-day price movement leading up to today:

The "Crash" (Jan 12 – Feb 5): Bitcoin experienced a steady decline from the mid-$80,000s down to a local bottom of $63,000 on February 5. This was driven by institutional de-risking and a "cool-off" from the massive 2025 rally.

The "Relief Bounce" (Feb 6 – Feb 9): After hitting the $63k floor, we saw a sharp 12% rebound back toward **$71,000**. This suggests strong buying interest (accumulation) in the $60k–$65k range.

Current Status (Feb 11): BTC is currently consolidating around $69,160. It is "chopping" sideways as the market decides whether to continue the bounce or test the lows again.

Is Bitcoin Going Up or Down?

Short-Term (Next 7 Days): Neutral/Slightly Down. The rejection at $71,000 suggests that bears are still defending the overhead resistance. We may see a slight dip back to **$67,500** to confirm support.

Medium-Term (1-3 Months): Downward Trend. Until Bitcoin can flip the $84,000 level (the 50-day EMA) back into support, the path of least resistance remains lower.

Long-Term: Accumulation Opportunity. With prices down nearly 45% from the $126,210 All-Time High, many analysts view the current $60k–$70k range as a "Golden Pocket" for long-term holders.

Summary: The immediate momentum is Down, but we are entering a Stabilization Zone. Watch the $65,000 level closely—if it holds, the "Crypto Winter" of 2026 might be nearing its end.

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