{"id":31357,"date":"2025-02-06T06:44:13","date_gmt":"2025-02-06T06:44:13","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=31357"},"modified":"2025-02-06T06:44:14","modified_gmt":"2025-02-06T06:44:14","slug":"crypto-technical-analysis-report-6th-february-2025","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/crypto-technical-analysis-report-6th-february-2025","title":{"rendered":"Crypto Technical Analysis Report – 6th February 2025"},"content":{"rendered":"\n

Bitcoin\u2019s hopes for an immediate rebound faded as the crypto extended its decline to February 5, following a highly volatile weekly open that saw price swings of nearly $11,000 in a single day. For the second time since January 15, BTC\u2019s daily chart closed below $100,000, signaling potential consolidation in the days ahead as traders reassess market conditions. Following the widespread liquidations, investors anticipated a cooling-off phase, using the opportunity to reposition and evaluate the likelihood of further downside.<\/p>\n\n\n\n

Conversely, fresh data revealed that whale addresses accumulated over 30,000 BTC during the recent dip, a move that often precedes a short-term rebound. If Bitcoin manages to close above $100,000, it could invalidate the current bearish trend and temporarily shift momentum in favor of the bulls. <\/strong><\/p>\n\n\n\n

BTC-USDT Daily Chart:<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

BTC made an \u2018Evening Star\u2019 pattern at $108,353, and the prices corrected almost by 17.5%,  dropping to $89,256. The asset faced multiple support levels at $90,000 and the lower longer shadow around 90K indicated buying at these levels. BTC resumed the upward movement and made a new all-time high of $109,588 last week. Post this move, the asset is consolidating between $100,000 and $107,000. BTC has strong support at $99,000 and $85,000, whereas $110,000 will act as a strong resistance.<\/p>\n\n\n\n

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Bitcoin\u2019s hopes for an immediate rebound faded as the crypto extended its decline to February 5, following a highly volatile weekly open that saw price swings of nearly $11,000 in a single day. For the second time since January 15, BTC\u2019s daily chart closed below $100,000, signaling potential consolidation in the days ahead as traders […]<\/p>\n","protected":false},"author":1,"featured_media":30298,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[310,16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31357"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=31357"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31357\/revisions"}],"predecessor-version":[{"id":31360,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31357\/revisions\/31360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/30298"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=31357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=31357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=31357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}