Technical Analysis

On Tuesday, Bitcoin traded below $69,000 after a sell-off to $60,000 and a swift rebound to $72,000 pulled long-term valuation gauges into a deep-value zone. Realized price bands at roughly $55,000 and $42,000 and power-law percentiles near cycle lows suggest upside of 170%–220%, while analysts also warn of potential downside toward $52,000 or even $38,000–$40,000.

Over the past week, Dogecoin rebounded from near $0.08 to trade around $0.093–$0.097 but has not cleared the $0.10 barrier. Technicals show resistance near $0.0985 and the 100-hour simple moving average, with RSI slipping below 50 and MACD momentum fading. A move above roughly $0.1020 could open $0.1085–$0.1120, while supports sit near $0.0924, $0.090 and $0.080.

On February 10, 2026, Ethereum Classic traded near $8.30, down nearly 3% in early US afternoon after an altcoin sell-off that had driven it to about $7.40 on February 5. CryptoQuant analysts warned the bear phase may be early as Bitcoin hovers near $68,000 and Ethereum remains around $2,000.

Bitcoin is forming a major liquidity cluster between the $72,000–$80,000 range, with an additional notable cluster near $67,000–$68,000. Current price action around $68,500 suggests bears still dominate, but liquidation data indicates short positions in the higher band could face pressure if bulls drive a short-term recovery.

Bitcoin traded in a tight range around $70,000 and then slid toward $68,500 as over $250 million in crypto positions were liquidated within 24 hours. Analysts highlighted bears' attempts to regain control, pointing to clustered leveraged liquidity between $66,000 and $74,000 and warning of a likely retest of local support amid weakening demand. The market showed signs of reduced fresh capital inflows, raising concerns about the durability of recent bullish momentum.

Bitcoin fell to $59,930 on Friday, its lowest level since October 2024, in what Kaiko Research describes as a possible halfway point in the present bear market. The firm notes a 32% correction since the 2024 halving, shrinking spot volumes and reduced futures open interest, while analysts remain divided on whether $60,000 marks a cycle low or if further downside toward $40,000–$50,000 is needed to align with past drawdowns.

Glassnode data show the Bitcoin Mayer Multiple fell to 0.65 as of Monday, a level last seen in May 2022 and below the 0.8 oversold band. On Tuesday, On-Chain College said this aligns with deep bear-market phases, while analysts mapped potential supports near the $58,000 200-week MA and, in extreme cases, toward $40,000.

Ethereum is trading in a pronounced downward channel after a capitulation move from the mid-$2,000 area into the $1,800 demand zone, with momentum indicators still in bearish territory despite a modest rebound. On higher timeframes, key resistance sits around $2,300–$2,700, while shorter-term charts highlight a consolidation band between $1,800 and $2,100 and potential downside toward $1,600 if support fails. On-chain data show the exchange supply ratio near 0.135, indicating relatively little ETH on centralized venues and hinting at thinner spot liquidity even as prices have corrected.

Bitcoin slid to $60,000 last week before snapping back nearly 19% to $71,469, then eased to about $68,800 by Tuesday. On February 10, 2026, Santiment noted extreme fear and a surge in "buy the dip" chatter at the bottom, while CoinGlass reported roughly $1.3 billion in long liquidations. Analyst IT Tech cited $2.6 billion in 30-day net outflows and weakening demand.

Between Jan 22 and Feb 6, Bitcoin network difficulty decreased 14.1%, while publicly listed miner Cango disclosed a weekend sale of 4,451 BTC for about $305M. Miner exchange inflows have stayed near a 30‑day average of 82 BTC, pointing to localized balance‑sheet moves as profitability metrics soften.