Bitcoin Market Shows Cautious Gains Amid Persistent Bearish Pressure – In-Depth Analysis – 2026-02-11

Market Analysis

Signs of a slight improvement are emerging in the market, yet the overall trend remains cautious and fragile. Ongoing global economic uncertainties have restrained investor confidence, leaving the market direction unclear.

Bitcoin’s price has experienced volatility over the past five days, fluctuating between $60,000 and $72,000. On February 6, the market opened strong, reaching a peak of $71,751, but subsequently declined to close at $68,841 on February 10. Both the 7-day RSI and 14-day MFI remain below 30, indicating weakness and low trading volume, though they have not entered oversold territory. This suggests persistent selling pressure and a cautious stance among buyers. Additionally, the MACD trend points to continued medium-term bearish momentum.

Looking at the Bollinger Bands, the price mostly hovered near the lower band recently, reflecting a weak trend. Brief touches of the upper band on February 6 and 8 offered short-lived positive signals; however, the price quickly fell back, signaling ongoing volatility without a clear breakout. Trading volumes have also diminished, especially between February 7 and 10, highlighting reduced interest and weakening activity. The notable drop in the number of trades further underscores investor uncertainty.

Analysis of moving averages (HMA) reveals that the 7-day HMA is close to the current price, while the 14-, 21-, and 30-day moving averages are turning downward, indicating medium-term pressure. Longer-term averages over 50, 100, and 200 days also show a downward turn, suggesting sustained weakness. The price frequently oscillates around the 7-day HMA, pointing to a lack of a definitive uptrend and a market phase that remains neutral to bearish.

In terms of support and resistance, the first support zone lies between $67,969 and $66,034, near current price levels. A break below this range could lead to further declines, with additional support zones identified between $65,376 and $64,800, and $60,864 to $60,459. Should the primary support fail, attention will shift to these lower levels. On the upside, resistance zones are positioned between $69,031 and $69,610, as well as $71,446 to $71,758, which may act as hurdles to upward movement. The psychological resistance at $70,000 remains significant, as the price has repeatedly approached but retreated from this level.

The Fear and Greed Index remains deeply entrenched in extreme fear, oscillating between 6 and 9. This signals heightened caution among investors. Funding rates are negative, and open interest has declined, reflecting a decrease in short positions and overall market liquidity. Global factors such as ongoing US-China trade tensions and a sluggish European economy continue to weigh on market sentiment.

Overall, Bitcoin’s market is currently in a cautious and weak phase. Despite occasional short-term rallies, there is no clear or sustainable uptrend at present. The proximity to support levels, combined with low volume, subdued RSI readings, and negative funding rates, indicates prevailing bearish pressure. However, periods of extreme fear can sometimes create short-term buying opportunities, especially near strong support zones. Investors are advised to closely monitor global economic developments and technical indicators, exercising patience to avoid unnecessary losses amid ongoing uncertainty.

Data Summary

• 1. Time:
  2026-02-11 – 00:00 UTC
• 2. Prices:
  Open: 70138.00000000
  High: 70527.59000000
  Low: 67800.00000000
  Close: 68841.29000000
• 8. Supports:
  S1: 67969.65000000 – 66034.50000000
  S2: 65376.00000000 – 64800.01000000
  S3: 60864.99000000 – 60459.90000000
  S4: 57541.1 – 56018
• 9. Resistances:
  R1: 69031.99000000 – 69610.00000000
  R2: 71446.62000000 – 71758.00000000
  R3: 78738.6 – 79424
• 10. Psychological Support:
  60000.00000000
• 11. Psychological Resistance:
  70000.00000000
• 3. Last 5 days’ closing prices:
  2026-02-06: 70580.26000000
  2026-02-07: 69289.38000000
  2026-02-08: 70330.38000000
  2026-02-09: 70138.00000000
  2026-02-10: 68841.29000000
• 4. Volume:
  BTC: 20373.7707
  USD: $1408623623.3599
• 5. Number of trades:
  4558658
• 6. Indicators:
  RSI: 32.7600
  MFI: 36.3500
  BB Upper: 97097.90000000
  BB Lower: 62501.26000000
• 7. Moving Averages:
  SMA:
  7=69322.14000000
  14=75263.13000000
  21=79799.58000000
  30=84016.28000000
  50=86253.25000000
  100=89492.15000000
  200=101833.31000000

  EMA:

  7=70862.44000000
  14=74645.59000000
  21=77682.76000000
  30=80372.05000000
  50=84067.67000000
  100=89903.26000000
  200=95283.59000000

  HMA:

  7=69914.01000000
  14=66582.62000000
  21=65352.35000000
  30=67634.88000000
  50=73939.11000000
  100=82900.79000000
  200=80366.14000000
• 12. Funding Rate:
  -0.0088% (Technically Positive)
• 13. Open Interest:
  78783.9240
• 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.