Bitcoin is in a critical consolidation phase after a volatile start to the year. After failing to hold above $100,000 in January, the market shows mixed signals between caution and moderate optimism.
What to expect for this February 5:
Price Range: Bitcoin is expected to fluctuate near the psychological level of $90,000. Technical analysts suggest that maintaining support above $87,210 is vital to avoid a drop towards $84,000.
Market Sentiment: Currently it is "cautiously bullish" for February. Although there have been losses exceeding 16% so far in 2026, the market is attentive to a possible recovery towards the $100,000 - $105,000 zone by the end of the month.
Technical Indicators: The RSI remains in neutral territory (30-70), indicating that the price has room to move in either direction without being extremely overbought or oversold.
Immediate influencing factors:
1.- Profit Taking: The recent inability to break $100K has prompted short-term investors to take profits, creating selling pressure.
2.- Macroeconomic Environment: Markets are watching for potential interest rate cuts and regulatory clarity, factors that could serve as bullish catalysts during this quarter.
3.- Institutional Adoption: Despite the volatility, the flow into Bitcoin ETFs continues to be a strong structural support for the price in the medium term.
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