BTC Daily Technical Analysis
Bitcoin
The first and largest cryptocurrency, created as decentralized digital money with a capped supply of 21 million coins.
BTC Technical Analysis Summary
Bitcoin is in a confirmed strong downtrend, evidenced by the price breaking to new visible lows and the formation of a Death Cross between the 50 and 200-day SMAs. Bearish momentum is high as indicated by the expanding MACD histogram, though the RSI at 28.77 suggests the asset is deeply oversold and may be due for a volatility pause or minor technical bounce. Immediate overhead resistance is formidable around the 84k-88k zone.
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BTC Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is aggressively trending downwards, hugging the lower Bollinger Band with expanding negative MACD momentum. Although RSI is oversold (28.77), no reversal signs are yet visible.
Long-term Sentiment (weeks to months): Bearish
The stock is trading significantly below both the 50-day and 200-day SMAs. A 'Death Cross' (50 SMA crossing below 200 SMA) has occurred, confirming a major structural downtrend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T13:01:48.518Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $75,000.00 | $74,000.00 - $76,000.00 | Weak | Psychological support zone and potential channel extension target, as price is currently at the lowest point visible on the chart. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $85,000.00 | $84,000.00 - $86,000.00 | Strong | Former support zone from July and December swing lows which has now flipped to resistance. |
| $88,500.00 | $88,000.00 - $89,000.00 | Strong | Confluence of the 50-day SMA and the recent breakdown level from the January consolidation. |
| $103,500.00 | $103,000.00 - $104,000.00 | Strong | Major resistance at the 200-day SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Death Cross | Bearish | N/A | The 50-day Simple Moving Average (orange) has crossed below the 200-day Simple Moving Average (blue), a classic long-term bearish signal. |
| Strong | Bearish Continuation Breakout | Bearish | $70,000.00 | Price recently consolidated in a flag-like structure around 88k before breaking down to new lows, indicating continued selling pressure. |
Frequently Asked Questions about BTC
What is the current sentiment for BTC?
The short-term sentiment for BTC is currently Bearish because Price is aggressively trending downwards, hugging the lower Bollinger Band with expanding negative MACD momentum. Although RSI is oversold (28.77), no reversal signs are yet visible.. The long-term trend is classified as Bearish.
What are the key support levels for BTC?
StockDips.AI has identified key support levels for BTC at $75,000.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is BTC in a significant dip or a Value Dip right now?
BTC has a Value Score of 90/100. It is currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.