{"id":89929,"date":"2026-02-04T04:04:04","date_gmt":"2026-02-04T04:04:04","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2026\/02\/04\/bitcoin-price-bounce-looks-hollow-downtrend-may-resume\/"},"modified":"2026-02-04T04:04:04","modified_gmt":"2026-02-04T04:04:04","slug":"bitcoin-price-bounce-looks-hollow-downtrend-may-resume","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2026\/02\/04\/bitcoin-price-bounce-looks-hollow-downtrend-may-resume\/","title":{"rendered":"Bitcoin Price Bounce Looks Hollow, Downtrend May Resume"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin value prolonged its decline under $75,000. BTC is now trying to get well from $72,850 however faces many hurdles close to $76,500.<\/em><\/p>\n<ul>\n<li>Bitcoin is trying to get well above $74,000 and $75,000.<\/li>\n<li>The value is buying and selling under $79,000 and the 100 hourly easy transferring common.<\/li>\n<li>There is a bearish pattern line forming with resistance at $77,200 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair would possibly dip once more if it trades under the $75,000 and $74,000 ranges.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\" class=\"ftwp-heading\">Bitcoin Price Faces Hurdles<\/h2>\n<p>Bitcoin value failed to stay secure above the $76,000 zone. BTC prolonged its <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-attempts-comeback-80k\/\" target=\"_blank\">decline<\/a> under the $75,000 and $74,000 ranges. The bears have been in a position to push the value under $73,500.<\/p>\n<p>A low was shaped at $72,865, and the value is now trying to get well. There was a transfer above $75,000. The value surpassed the 50% Fib retracement degree of the downward transfer from the $79,120 swing excessive to the $72,865 low.<\/p>\n<p>However, the bears are energetic close to $77,000 and the 61.8% Fib retracement degree of the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-cant-reclaim-80k\/\" target=\"_blank\">downward move<\/a> from the $79,120 swing excessive to the $72,865 low. Bitcoin is now buying and selling under $77,000 and the 100 hourly easy transferring common.<\/p>\n<p>If the value stays secure above $75,000, it may try a contemporary improve. Immediate resistance is close to the $76,750 degree. The first key resistance is close to the $77,000 degree. There can also be a bearish pattern line forming with resistance at $77,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<figure id=\"attachment_879258\" aria-describedby=\"caption-attachment-879258\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0d98a4.png\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"size-full wp-image-879258\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0d98a4.png?resize=1024%2C509\" alt=\"Bitcoin Price \" width=\"1024\" height=\"509\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0d98a4.png?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0d98a4.png?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0d98a4.png?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0d98a4.png?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0d98a4.png?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0d98a4.png?w=360 360w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0d98a4.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\"\/><\/a><figcaption id=\"caption-attachment-879258\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>An in depth above the $77,200 resistance would possibly ship the value additional greater. In the said case, the value may rise and check the $78,500 resistance. Any extra positive factors would possibly ship the value towards the $79,000 degree. The subsequent barrier for the bulls may very well be $80,000 and $80,500.<\/p>\n<h2 id=\"ftoc-heading-2\" class=\"ftwp-heading\">Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $77,200 resistance zone, it may begin one other decline. Immediate assist is close to the $75,000 degree. The first main assist is close to the $74,000 degree.<\/p>\n<p>The subsequent assist is now close to the $72,850 zone. Any extra losses would possibly ship the value towards the $71,500 assist within the close to time period. The fundamental assist sits at $70,000, under which BTC would possibly wrestle to get well within the close to time period.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining tempo within the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now under the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $75,000, adopted by $74,000.<\/p>\n<p>Major Resistance Levels \u2013 $76,750 and $77,200.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-bounce-looks-hollow-77k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin value prolonged its decline under $75,000. BTC is now trying to get well from $72,850 however faces many hurdles close to $76,500. Bitcoin is trying to get well above $74,000 and $75,000. The value is buying and selling under $79,000 and the 100 hourly easy transferring common. There is a bearish pattern line forming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":89931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[20,664,396,14776,110,853],"class_list":{"0":"post-89929","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-bitcoin","9":"tag-bounce","10":"tag-downtrend","11":"tag-hollow","12":"tag-price","13":"tag-resume"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/89929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=89929"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/89929\/revisions"}],"predecessor-version":[{"id":89930,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/89929\/revisions\/89930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/89931"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=89929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=89929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=89929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}