Bitcoin Shows Gradual Recovery Amid Persistent Market Uncertainty – In-Depth Analysis – 2026-02-07

Market Analysis

Bitcoin has shown some signs of positive movement in today’s market, though the overall trend remains uncertain and under pressure. Investor confidence is weakened amid ongoing global economic challenges, leading to a generally cautious sentiment across the market.

Over the past five days, Bitcoin’s price has experienced notable volatility. After a sharp decline on February 5, 2026, there was a partial recovery on February 6. The Relative Strength Index (RSI) data indicates that the market had entered an oversold condition, with the RSI dropping to an extremely low 8.95 on February 5—a clear sign of weakness. However, the following day saw improvement, with the RSI rising to 34.32, signaling a neutral but increasingly positive outlook. Similarly, the Money Flow Index (MFI) rose from 25.35 to 34.99, suggesting a modest uptick in capital inflow. These indicators collectively point to some renewed buying interest, though the market has yet to stabilize fully.

Looking at the Bollinger Bands, the price approached the lower band on February 5, confirming the oversold state, but attempted to rebound toward the middle band on February 6. This suggests there is some emerging positive momentum, yet the relatively wide band width indicates ongoing volatility without a clear directional trend. The Fear & Greed Index, hovering near extreme fear at 9, reflects investor apprehension. While this could present a short-term buying opportunity, it also underscores persistent instability in the longer term.

Hull Moving Averages (HMA) further highlight the market’s uncertainty. The 7-day HMA has been declining and stood at 64,724.44 on February 6, below the current closing price of 70,580.26, which indicates a short-term positive crossover. However, longer-term HMAs—spanning 14, 21, 30, 50, 100, and 200 days—remain well above the current price, pointing to sustained mid- and long-term bearish pressure. Therefore, the recent improvement should be regarded as tentative until these longer-term averages also show upward movement.

From a support and resistance standpoint, the price closed near the S1 support range (68,507.67 to 68,010) on February 6, an important zone to watch. A breakdown below this could open the door to stronger support levels at S2 (67,969.65 to 66,034.5) and then S3 (63,339.99 to 62,302). On the upside, resistance levels to monitor are R1 (71,108 to 71,997) and R3 (78,738.61 to 79,424). The psychological support at 70,000 may provide some stability, whereas breaking through the 75,000 resistance appears challenging at this stage. If the price manages to climb above R1, short-term gains could follow; otherwise, downward pressure may persist.

External factors also weigh heavily on the market. Slowing global economic growth and policy uncertainties in major countries have dampened sentiment. In the U.S., ongoing political tensions and trade disputes during President Trump’s second term have further contributed to investor wariness. These conditions are impacting cryptocurrencies broadly, including Bitcoin, increasing the prevailing fear. Negative financing rates and declining open interest signal weakening demand.

The MACD analysis reveals that bearish momentum is easing in the short term, but a strong bullish crossover has yet to materialize. Despite increased trading volumes, the market’s upward trend remains fragile due to falling open interest and the extremely fearful sentiment reflected in the Fear & Greed Index. Investors are advised to exercise caution, carefully monitor key support and resistance levels, and avoid hasty decisions.

In summary, Bitcoin’s market currently exhibits a balanced yet cautious improvement. While there are encouraging short-term signals, mid- and long-term pressures persist. Given the uncertain global economic environment and ongoing political risks, investors should maintain flexibility in their strategies and conduct thorough technical and fundamental analyses before making significant moves.

Data Summary

• 1. Time:
  2026-02-07 – 00:00 UTC
• 2. Prices:
  Open: 62909.87000000
  High: 71751.33000000
  Low: 60000.00000000
  Close: 70580.26000000
• 8. Supports:
  S1: 68507.67000000 – 68010.00000000
  S2: 67969.65000000 – 66034.50000000
  S3: 63339.99000000 – 62302.00000000
  S4: 60865 – 60459.9
• 9. Resistances:
  R1: 71108.00000000 – 71997.02000000
  R2: 78738.61000000 – 79424.00000000
  R3: 83680.1 – 84850.3
• 10. Psychological Support:
  70000.00000000
• 11. Psychological Resistance:
  75000.00000000
• 3. Last 5 days’ closing prices:
  2026-02-02: 78738.61000000
  2026-02-03: 75770.21000000
  2026-02-04: 73165.83000000
  2026-02-05: 62909.86000000
  2026-02-06: 70580.26000000
• 4. Volume:
  BTC: 92539.2153
  USD: $6134056670.6115
• 5. Number of trades:
  13228528
• 6. Indicators:
  RSI: 34.3200
  MFI: 34.9900
  BB Upper: 100637.37000000
  BB Lower: 67655.18000000
• 7. Moving Averages:
  SMA:
  7=73839.15000000
  14=80612.68000000
  21=84146.27000000
  30=86838.30000000
  50=87756.82000000
  100=91091.86000000
  200=102808.18000000

  EMA:

  7=73649.53000000
  14=78530.66000000
  21=81420.58000000
  30=83654.53000000
  50=86571.10000000
  100=91590.50000000
  200=96329.81000000

  HMA:

  7=64724.44000000
  14=68207.21000000
  21=70804.70000000
  30=74746.62000000
  50=81208.89000000
  100=86588.26000000
  200=82129.55000000
• 12. Funding Rate:
  -0.0135% (Technically Positive)
• 13. Open Interest:
  92719.6870
• 14. Fear & Greed Index:
  9 (Extreme Fear)

Disclaimer: This market analysis is generated by AI based on historical BTC data and sentiment indicators. Use it as a reference, not financial advice.