2026-02-11 08:27:09

BTC Analysis: February 11, 2026

Bitcoin is currently struggling to stabilize near $69,000 following a significant monthly downturn. While the RSI indicates an oversold bounce is possible, the overall trend remains bearish, with prices pinned below key moving averages and the critical $70,000 psychological level.

Possible Next Move

The market is currently in a high-volatility "liquidation hunt."

Bullish Scenario: A sustained daily close above $71,500 would signal a short-term trend reversal, potentially targeting $74,500.

Bearish Scenario: If BTC fails to reclaim $70,000, a move toward the major liquidity pocket at $60,000–$62,500 is the most likely outcome to flush out remaining long positions.

Pro Tip: Watch the $70,000 level closely. It is the current "pivot point"—if we stay below it, the bears control the narrative.

#BTC $BTC ‌

BTC-2,22%

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