NewsBTC •
February 4, 2026 at 03:01 •
Analysis
Bitcoin price extended its decline below $75,000. BTC is now attempting to recover from $72,850 but faces many hurdles near $76,500. Bitcoin is attempting to recover above $74,000 and $75,000. The price is trading below $79,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $75,000 and $74,000 levels. Bitcoin Price Faces Hurdles Bitcoin price failed to remain stable above the $76,000 zone. BTC extended its decline below the $75,000 and $74,000 levels. The bears were able to push the price below $73,500. A low was formed at $72,865, and the price is now attempting to recover. There was a move above...
