$BTC BTC price has weakened significantly in early February, trading in the $75k–$78k range amid broad selling pressure and liquidation events. Recent reports note Bitcoin sliding below key support levels and hitting multi-week lows. �
Pkrevenue.com +1
Traders are increasingly betting on further downside (puts demand rising), reflecting growing bearish sentiment in the options market. �
CoinDesk
📊 What Analysts Are Saying
Bearish View
Some analysts now forecast deeper drawdowns with possible targets toward $50k–$60k if key supports fail, pointing to weakened demand and follow-through selling. �
Cointelegraph
Neutral to Bullish Contrasts
Alternative AI-based price forecasts suggest Bitcoin may stabilize near current levels by the end of February (~$76k), implying limited additional downside. �
Finbold
Other technical outlooks indicate that if BTC holds long-term support and diffuse macro conditions improve, a rebound toward resistance levels and a broader uptrend could re-emerge later in the year. �
Trading News
🧠 Key Levels to Watch
Support: ~$74k–$75k (current floor), then ~$60k in a deeper correction scenario. �
Pkrevenue.com +1
Resistance: ~$80k+ cluster — holding above here could slow losses and signal consolidation. �
swikblog.com
Summary: Bitcoin is in a volatile corrective phase with strong down-side pressure in the short term. While some models point to stabilization, a break of key supports could accelerate selling before a potential medium-term bottom forms. Always consider this context and do your own research — this isn’t financial advice.
#StrategyBTCPurchase #MarketCorrection #PreciousMetalsTurbulence #USPPIJump #USGovShutdown $BTC
