A little technical analysis on BTC chart

[OsaiEmma]

EDIT( feb 6th 2026)

As at the time of this edit, BTC is at 65k+

From my little TA(POV), Bitcoin tested a resistance at 96k+ before dropping to the demand zone(in the weekly chart), it broke that zone the day before yesterday, and continued going down and stopped at around 60k+ price, although we will probably see a retest at its previous low of the previous trend which is around 80k+ before it continues downward, but in all, we can see that we are now in the bear market, and it will be a long one, or probably not, my guess is it will last until mid 2027 or late 2027.

Although the chart is like a triple top here in the weekly though, I was also expecting to see it in the monthly for full confirmation, but it is what it is, so it is clear a reversal of the up trend and now let the bears move....

NOTE: NFA

What are your thoughts though.

From my POV, I think this is d retest I stated earlier in my OP. Although, we are expecting to see d bearish resumption probably a month or 2 from now, cause no reversal signal have been spotted yet across d time-frames, but my guess is, der will be a reversal signal which will take probably a month or 2, before d downward movement resumes, then I think it will bottom at around ~50k, or maybe not, no 1 can accurately call d bottom though.

N/B: This is NFA, it is just a young trader, doing TA, encouraging others to also share der insight and views, I might be 100% wrong here cause, so many speculations are going around dat d bear market have ended, I think otherwise though. Peace ✌🏽

[Peanutswar]

Nice to see you are still engaging with this thread and make an updated regarding with bitcoin price.



Currently these are the price that I keep an eye on, previously we form a head and shoulder pattern so after the shoulder gets break we do expect a little break out. By the way its a WEEK time frame so I do look at the bigger picture, so if you tried to deep into in with the short term time frame there is a consolidation happens at that red candle and now if ever that makes another candle and over power the previous candle last april there is a chance it could be a reversal for the bearish.

Good opportunity for the dip traders and hodlers feels bad for the people bought at the top. if ever your TA probably will meet the 50k if does not respect the support.

[dwyane36]

From my POV, I think this is d retest I stated earlier in my OP. Although, we are expecting to see d bearish resumption probably a month or 2 from now, cause no reversal signal have been spotted yet across d time-frames, but my guess is, der will be a reversal signal which will take probably a month or 2, before d downward movement resumes, then I think it will bottom at around ~50k, or maybe not, no 1 can accurately call d bottom though.

N/B: This is NFA, it is just a young trader, doing TA, encouraging others to also share der insight and views, I might be 100% wrong here cause, so many speculations are going around dat d bear market have ended, I think otherwise though. Peace ✌🏽

Yes, the current uptrend isn’t as strong as many would like, and there is indeed a possibility that the BTC price could fall within the $50-60k range. Moreover, if you look at the liquidation heatmap, you’ll notice that there is a high concentration of positions in that exact range that could be liquidated.

[vs2014]

We are in a very risky situation right now where it would be inappropriate to argue about the price of any currency. It is very difficult to predict the future at this time especially in the case of pumps. if the market goes down for some reason you will have the opportunity to buy Bitcoin at a lower price again. Most people are worried about the crypto market due to the political situation and the ongoing issues of the war. For now, consider it a bear market and stay calm because the market will not leave you. I had predicted a negative reaction to the price of Bitcoin during the war but that did not happen. Rather, the market ran around with a small price gap.

[OsaiEmma]

Nice to see you are still engaging with this thread and make an updated regarding with bitcoin price.



Currently these are the price that I keep an eye on, previously we form a head and shoulder pattern so after the shoulder gets break we do expect a little break out. By the way its a WEEK time frame so I do look at the bigger picture, so if you tried to deep into in with the short term time frame there is a consolidation happens at that red candle and now if ever that makes another candle and over power the previous candle last april there is a chance it could be a reversal for the bearish.

Good opportunity for the dip traders and hodlers feels bad for the people bought at the top. if ever your TA probably will meet the 50k if does not respect the support.

Thanks for this, and yes, those points are key support and resistance points, but just below that double bottom, there is a demand zone. I believe a lot of traders are watching dat zone with pending buy orders(just my thought though), that's why I believe it will go further down to around d 50k price.

Yes, the current uptrend isn’t as strong as many would like, and there is indeed a possibility that the BTC price could fall within the $50-60k range. Moreover, if you look at the liquidation heatmap, you’ll notice that there is a high concentration of positions in that exact range that could be liquidated.

Yes...those are my thoughts exactly, der are a lot of pending buy order der, that's why I identified that zone as a demand zone.