Bitcoin price is hovering near the $70,000 mark in early February 2026, a strong drawdown from the late-January highs near $90K. The selloff was sharp, confidence faded quickly, and now the market is stuck watching one range obsessively and that is $60K to $65K. Lose that, and things could get messy fast in shortterm.
That’s the trap. Positive funding without rising participation leaves buyers exposed. Without new money entering, even a modest dip could trigger liquidations, dragging Bitcoin/USD back toward lower support.
For now or this month, Bitcoin price may attempt a bounce toward $74,750 or even $84,900 if buyers show up decisively. But until the 200-day EMA near $95,700 is reclaimed, the broader structure stays tilted firmly toward the bears.
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