Bitcoin (BTC) has staged a powerful trend reversal, transforming market fear into euphoria as it swiftly reclaimed the $70,000 level after confirming solid support in the $60,000 range.
According to CoinMarketCap, a cryptocurrency market data provider, on February 7 (local time) Bitcoin surged intraday to as high as $71,534.37, recouping most of the previous day’s losses. The current price is showing stable movement around $70,023.58, while its market capitalization remains near $1.37 trillion, underscoring its overwhelming presence in the global asset market.
Daily trading volume has approached approximately 685,000 BTC, indicating a strong influx of bargain-hunting demand from investors and demonstrating that liquidity in the cryptocurrency market remains ample. From a technical perspective, the Relative Strength Index (RSI) has settled into a neutral zone, signaling an exit from oversold conditions, while the $69,000 level has been established as a solid support, allowing momentum to build for further gains.
Market experts suggest that a decisive breakout above the $72,000 resistance could pave the way for a new all-time high in the first half of 2026, as investors remain focused on managing volatility tied to shifts in macroeconomic indicators. In particular, if the regulatory easing stance of the administration of U.S. President Donald Trump translates into concrete legislation, Bitcoin’s integration into the institutional framework is expected to accelerate.
Given the highly liquid nature of the market, Bitcoin quickly reflects both domestic and external economic concerns, yet analysts believe that the combination of its limited supply and expanding institutional demand will ultimately lead to inevitable value appreciation. Current Bitcoin holders are demonstrating strong cohesion as ultimate buyers and long-term holders, often treating price declines as opportunities rather than setbacks.
The cryptocurrency market is undergoing a restructuring process through this large-scale recovery, with speculative demand being filtered out and a shift toward investors focused on intrinsic value. Analysts widely agree that futures market funding rates, which had fallen to multi-year lows, ironically laid the groundwork for this powerful rebound. Through this bout of volatility, Bitcoin has succeeded in rebuilding its fundamental strength to regain market leadership in the first quarter of 2026.
*Disclaimer: This article is for investment reference only, and the publisher is not responsible for any investment losses incurred based on its content. The information should be interpreted solely for informational purposes.*
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