{
    "id": 61153,
    "date": "2026-02-03T09:47:38",
    "date_gmt": "2026-02-03T02:47:38",
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        "rendered": "Bitcoin Price Attempts A Comeback, But Follow-Through Remains Thin"
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        "rendered": "<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price extended its decline below $78,000. BTC is now attempting to recover from $74,500 but faces many hurdles near $80,000.<\/em><\/p>\n<ul>\n<li>Bitcoin is attempting to recover above $77,000 and $78,000.<\/li>\n<li>The price is trading below $80,000 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a bearish trend line with resistance at $78,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might dip again if it trades below the $77,000 and $76,000 levels.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin price failed to remain stable above the $82,000 zone. BTC <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-cant-reclaim-80k\/\" target=\"_blank\">extended its decline<\/a> below the $80,000 and $79,500 levels. The bears were able to push the price below $78,000.<\/p>\n<p>It spared major bearish moves, pushing the price below $76,000. A low was formed at $74,543, and the price is now attempting to recover. There was a move above $78,000. The price surpassed the 23.6% Fib retracement level of the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-10-tumble-80k\/\" target=\"_blank\">downward move<\/a> from the $90,440 swing high to the $74,543 low.<\/p>\n<p>Besides, there was a break above a bearish trend line with resistance at $78,400 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $80,000 and the 100 hourly simple moving average.<\/p>\n<figure id=\"attachment_878870\" aria-describedby=\"caption-attachment-878870\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_220ff9.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_220ff9.png?resize=1024%2C509\" alt=\"Bitcoin Price \" width=\"1024\" height=\"509\"><\/a><figcaption id=\"caption-attachment-878870\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If the price remains stable above $77,000, it could attempt a fresh increase. Immediate resistance is near the $79,200 level. The first key resistance is near the $80,000 level. A close above the $80,000 resistance might send the price further higher. In the stated case, the price could rise and test the $82,500 resistance or the 50% Fib retracement level of the downward move from the $90,440 swing high to the $74,543 low. Any more gains might send the price toward the $84,000 level. The next barrier for the bulls could be $85,000 and $85,500.<\/p>\n<h2 id=\"ftoc-heading-2\">Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $79,200 resistance zone, it could start another decline. Immediate support is near the $78,000 level. The first major support is near the $77,000 level.<\/p>\n<p>The next support is now near the $76,000 zone. Any more losses might send the price toward the $74,500 support in the near term. The main support sits at $72,000, below which BTC might struggle to recover in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $77,000, followed by $76,000.<\/p>\n<p>Major Resistance Levels \u2013 $79,200 and $80,000.<\/p>\n<\/p><\/div>",
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