Bitcoin is currently trading around the $70,000 level after a sharp drop earlier in February followed by a strong rebound. The market recently saw a sell-off toward the $60K–$65K zone, mainly driven by liquidations and broader risk-asset weakness, but price quickly recovered and is now consolidating near $70K. �
The Economic Times +1
Short-term trend:
BTC bounced from roughly $62K and returned near $70K, showing strong demand at lower levels. �
The Economic Times
Volatility remains high due to macroeconomic uncertainty and leveraged positions. �
Reuters
Key levels to watch:
Support: $60,000–$65,000 zone (recent rebound area). �
Reuters
Resistance: $75,000–$80,000 range based on near-term forecasts. �
Bitget
Outlook:
Some forecasts expect Bitcoin around $75K by the end of February if momentum continues. �
Bitget
Analysts note the market is still fragile, so price swings may continue in the short term. �
Reuters
Summary:
Bitcoin is in a volatile consolidation phase around $70K. The short-term direction depends on whether it holds above the $60K–$65K support and regains bullish momentum toward the $75K+ zone.
