Feb 10, 2026
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BULLISH 📈 : Bitcoin price stabilizes above $70K amid recovery attempts
Bitcoin Price Analysis
- Bitcoin is recovering, trading above $70,000, but faces resistance near $72,200.
- The price remains above the 100 hourly simple moving average.
- A rising channel with support at $68,800 is forming on the BTC/USD hourly chart.
- If BTC drops below $68,800 and $67,700, it may decline further.
Key Levels
- BTC is stable above $66,000 and has surpassed the $68,800 resistance.
- Bears are active near $72,000 - $72,500, with a key resistance at $72,500.
- If BTC closes above $72,500, it could rise to $74,650. Further gains might reach $75,880, then $76,500 and $77,200.
- Failure to break $72,500 may lead to a decline with initial support at $69,400 and major support at $68,500.
- Additional support levels: $67,600 and $66,500; main support is at $65,000.
Technical Indicators
- Hourly MACD is losing pace in the bearish zone.
- Hourly RSI is above the 50 level.
- Major resistance levels: $72,000 and $72,500.
- Major support levels: $68,500 and $67,600.
