Feb 8, 2026
1 0
BEARISH 📉 : Bitcoin struggles in deep bear market as fear dominates
Bitcoin Market Analysis:
- Bitcoin is currently in one of its deepest bear market zones, characterized by high volatility and declining prices.
- Investor sentiment is low, with retail traders often panicking or withdrawing from the market.
- This phase tests investor conviction as smart money accumulates quietly amidst prevailing fear.
- The transition to a new trend is subtle, involving stabilization and minor recovery signals rather than dramatic rallies.
Resistance and Price Dynamics:
- Bitcoin's price action followed predictions, retreating from the $61,000–$58,000 zone towards $70,000–$67,000.
- Although BTC touched $71,000, it failed to close above this level on the daily timeframe.
- A bullish outlook requires Bitcoin to decisively close above $71,000; otherwise, further retracements are expected.
