Bitcoin Analysis – 05.Feb.2026
Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that after the rally up to $97,900, price entered a correction. Within just three weeks, Bitcoin dropped around 30% and fell to $66,600, and it is now trading near $67,500.
This current area is a major demand zone. If buyers step in and defend this level, we could see a bullish rebound from Bitcoin. If this scenario plays out, the first upside target will be around $75,500.
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(This Post on TradingView)
Author : Arman Shaban
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