Fri, 06 Feb 2026 09:20:48 GMT
Bitcoin technical analysis
Bitcoin's weekly chart shows a clear shift to a bearish structure after topping near $124,000. A strong red weekly candle signals heavy selling, and price has broken below the key $83,450 support, now testing the $65,000 area.
BTC is trading below the 24-week SMA, which has started to turn down, pointing to weakening medium-term momentum. The 100-week SMA around $55,000–$58,000 is