Bitcoin price extended its decline to $60,000. BTC is down over 10% and might 
struggle to recover easily above the $70,000 resistance. Bitcoin is attempting 
to recover but struggling to clear hurdles. The price is trading below $70,000 
and the 100 hourly simple moving average. There is a bearish trend line 
forming with resistance at $70,600 on the hourly chart of the BTC/USD pair 
(data feed from Kraken). The pair might dip again if it trades below the 
$62,500 and $61,200 levels. Bitcoin Price Dips Sharply Bitcoin price failed to 
remain stable above the $72,000 zone. BTC extended its decline below the 
$70,000 and $68,500 levels. The bears were able to push the price below 
$65,500. A low was formed at $60,500, and the price is now attempting to 
recover. There was a minor increase above the $62,000 and $63,200 levels. The 
price cleared the 23.6% Fib retracement level of the recent downward move from 
the $76,865 swing high to the $60,500 low. Bitcoin is now trading below 
$68,000 and the 100 hourly simple moving average. If the price remains stable 
above $62,000, it could attempt a fresh increase. Immediate resistance is near 
the $66,000 level. The first key resistance is near the $67,200 level. A close 
above the $67,200 resistance might send the price further higher. In the 
stated case, the price could rise and test the $68,500 resistance or the 50% 
Fib retracement level of the recent downward move from the $76,865 swing high 
to the $60,500 low. Any more gains might send the price toward the $70,500 
level. There is also a bearish trend line forming with resistance at $70,600 
on the hourly chart of the BTC/USD pair. The next barrier for the bulls could 
be $72,500 and $75,000. Another Decline In BTC? If Bitcoin fails to rise above 
the $68,500 resistance zone, it could start another decline. Immediate support 
is near the $63,200 level. The first major support is near the $62,500 level. 
The next support is now near the $61,200 zone. Any more losses might send the 
price toward the $60,500 support in the near term. The main support now sits 
at $60,000, below which BTC might struggle to recover in the near term. 
Technical indicators: Hourly MACD – The MACD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is 
now below the 50 level. Major Support Levels – $62,500, followed by $61,200. 
Major Resistance Levels – $67,200 and $68,500.

Bitcoin Price Dumps Hard To $60K, Triggering Market Shockwaves

The crypto market has been locked in a deep, prolonged winter since early 
2025, but signs suggest the downturn may be closer to its end as institutional 
flows mask pain, retail capitulates and sentiment reaches classic late-stage 
extremes. Bitwise Predicts Crypto Winter Ending Soon, Setting up Next Bitcoin 
Rally Matt Hougan, chief investment officer at […]

Bitwise Anticipates Strong Crypto Rebound Following Prolonged Winter Capitulation

Chart analyst Crypto Patel (@CryptoPatel) is arguing Dogecoin has returned to 
the same macro support band that preceded its last major cycle runs, framing 
the current $0.10–$0.06 area as a “re-accumulation” zone with upside targets 
extending as high as $4 if history repeats. Dogecoin Hits Key Demand Zone 
Again In a Feb. 3 post on X, Crypto Patel shared a 2-week DOGE/USDT chart and 
wrote that DOGE is “at the EXACT level that triggered 17,000% pump,” pointing 
to a multi-year base that has repeatedly acted as demand since 2021. The post 
leans heavily on the idea that DOGE’s larger moves have originated from the 
same structural region, with the current drawdown presented as a typical cycle 
reset rather than a breakdown. &#8220;This Weekly / 2W Chart is Screaming 
Accumulation,” Patel wrote. “Macro Demand Zone Holding at $0.10–$0.06. Price 
Respects a Multi-Year Strong Support (Since 2021).” Related Reading: One Month 
In And 10% Of Dogecoin Millionaires Have Already Disappeared In 2026 – Details 
The argument is straightforward: DOGE has retraced sharply from its peak and 
is now back in a band where prior expansions began. Patel characterized the 
setup as “-87% Down From ATH &#8211; Classic Cycle Reset,” and added that “Every 
Previous Touch of This Zone Led to a Parabolic Expansion,” citing two 
historical bursts: the 2021 move described as a “+17,000%” rally and a 2024 
advance labeled “+600%.” Patel’s roadmap defines three upside targets—$0.50, 
$1.50, and $4.00—described as a “Full Cycle Extension ~5,500%,” implying a 
multi-stage move rather than a single straight-line rally. The analysis also 
provides a clear line in the sand: “Invalidation: Weekly Close Below $0.06,” 
which would negate the thesis that the region is holding as higher-timeframe 
demand. Related Reading: Dogecoin Sits On A Make-or-Break Floor: Why It’s Now 
Or Never Beyond the technical framing, Patel attempted to bolster the long- 
term narrative with a catalyst claim tied to Elon Musk and SpaceX, writing: 
“LONG-TERM FUNDAMENTAL CATALYST (DON’T IGNORE THIS) 🚀 Elon Musk has Confirmed 
that SpaceX (@SpaceX) Plans to Send a Literal #Dogecoin to the Moon.” As 
Bitcoinist reported on Wednesday, Elon Musk revived the old “Dogecoin to the 
moon” narrative after replying on X to a fan and saying SpaceX could send a 
literal Dogecoin to the Moon “maybe next year”, which people interpret as 
around 2027. The broader message is a familiar positioning contrast: “Smart 
Money Accumulates When Sentiment Is Dead. Retail Buys When Price Is Vertical.” 
Whether DOGE’s current base behaves like prior cycles will hinge on the same 
variable the post flags: holding the $0.10–$0.06 band on a weekly closing 
basis while traders weigh how much of the “cycle extension” playbook still 
applies in a market that has already seen one sizable post-2021 rebound. At 
press time, DOGE traded at $0.09857. Featured image created with DALL.E, chart 
from TradingView.com

Dogecoin At ‘Cycle Reset’: Analyst Maps 5,500% Extension Toward $4

Traders were active in BlackRock’s iShares Bitcoin Trust ETF on Thursday as 
Bitcoin plummeted, falling 12% in the last 24 hours.

BlackRock’s IBIT hits daily volume record of $10B amid Bitcoin crash

Ripple Prime expands institutional reach into onchain derivatives by 
integrating Hyperliquid, allowing firms to access decentralized liquidity 
while managing multi-asset exposures under a single, capital-efficient prime 
brokerage framework. Institutions Just Got New DeFi On-Ramp as Ripple Backs 
Hyperliquid Liquidity The expansion of institutional crypto infrastructure 
continues as platforms integrate decentralized markets. Ripple, a blockchain- 
based enterprise […]

Cryptocurrency price in KRW