NewsBTC •
February 6, 2026 at 02:40 •
Analysis
Bitcoin price extended its decline to $60,000. BTC is down over 10% and might struggle to recover easily above the $70,000 resistance. Bitcoin is attempting to recover but struggling to clear hurdles. The price is trading below $70,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $70,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $62,500 and $61,200 levels. Bitcoin Price Dips Sharply Bitcoin price failed to remain stable above the $72,000 zone. BTC extended its decline below the $70,000 and $68,500 levels. The bears were able to push the price below $65,500. A low was formed at $60,500, and the price is now attempting to recover. There was a min...
