Bitcoin Analysis – 06.Feb.2026

Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that price dropped to $60,000 last night and then reacted strongly once it reached this key demand zone. After that bounce, buying pressure increased and Bitcoin is now trading around $65,800. If price can stabilize above $66,000, we can expect more upside from here.

The most important factor driving the market right now is the risk of a potential conflict between Iran and the United States. If this risk turns into reality, a broader market crash is possible. But if war risk is removed, the odds strongly favor the start of a powerful new bullish wave in Bitcoin.
(This Post on TradingView)

Author : Arman Shaban
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