Bitcoin price On the way to the CME opening, it is running towards the BOTTOM, not the GAP. This is surprising because the feared Iranian attack did not happen. Moreover, BTC did not experience a significant reaction increase. Worryingly, Bitcoin, which moved below $77,000 to the daily candle close, may hurt the Asian market open later. What awaits cryptocurrencies in the coming days?
Bitcoin Week of February 2-8
This week will be busy on the macro front. Friday is the most important day of the week and employment figures will be out. December data in January said that the Fed might not reduce interest rates for at least 2 more meetings. New data will show that the interest rate cuts made in the last quarter of 2025 amid concerns about employment are sufficient/insufficient or unnecessary. Last month’s report said it was “sufficient”, and if employment comes in above expectations, Fed hawks may comment “we made the unnecessary December reduction decision out of fear”.
Let’s get back to Bitcoin. Turkish on-chain analyst Barış Kardeş says that $77,000 is the region where BTC should not be lost.
“77k should not be lost…
Weighted Major Score 5.5
This level has pointed to a local bottom many times before. As the score increases, the probability of a bottom also increases. At the market bottoms, it took values of 8.7 and 10.”
At the time of writing BTC It is below $77,000, but it is unclear whether this is the last decline.
CME Focusing on the gap, Anıl is hopeful because “at least there is a CME GAP upstream that we need to close.” Mostly, CME price gaps are closed within 3 weeks, leaving the direction unclear.
“It looks like there will be a $6-7k gap at Bitcoin’s CME opening. At least now we have an excuse to reach $84k. Let’s be patient, ladies and gentlemen.”
Cryptocurrencies and Expectations
BTC price is below the ETF cost average. The Strategy cost zone is being breached, and continued closes below $81k technically suggest the $56,000 long-term average is being targeted. As of Monday, the trend of ETF investors will be important. Volumes will likely be above normal. However, the spot price will also move in the chosen direction, depending on which of the reasons increases the volume: investors “see the decline as an opportunity and rush to buy” or “they tend to sell due to concern about larger declines”.
“Bitcoin ETFs is important — especially from a liquidity perspective.
BlackRock is at the center of this issue. Just look at the price of Bitcoin during IBIT entries and exits. Some things are really important. “This is not just noise.” – anlcnc1
Since the markets did not return to their previous levels in early November after the October 10 incident, DonAlt talked about his feelings that worse days might come. That’s why he reduced his risks and wrote that he converted most of his assets into cash. He says he is happy with the decision he made today and that it is not the right time to enter the markets yet.
“Lucky breakout, I survived the 30% drop in BTC and much more in altcoins.
Unless something catastrophic happens or it reaches levels I can’t stand, I will continue to remain calm. (Or in the unlikely event that we get strong enough to regain the levels we lost in the last few weeks.)
