BTC Technical Analysis Report 2 February, 2026

Given the strength of the support level 75000.00 , BTC cryptocurrency can be expected to rise further toward the next round resistance level 80000.00, former multi-month low from November.

• BTC reversed from long-term support level 75000.00
• Likely to rise to resistance level 80000.00,

BTC cryptocurrency today reversed up from the support area located between the major long-term support level 75000.00 (which begined the daily uptrend in April of 2025, as can be viewn from the daily BTC chart below) and the lower daily Bollinger Band. The upward reversal from this support area, stopped the earlier short-term impulse wave iii, which belongs to the C-wave of intermediate corrective wave (4) from the begin of October. The support level 75000.00 serves as the strong barrier – which if it holds in the near-term perspective – can provide the necessary support for the resumption of the uptrend.

Given the strength of the support level 75000.00 and the oversold reading on the daily Stochastic and the improving sentiment viewn across the crypto markets today, BTC cryptocurrency can be expected to rise further toward the next round resistance level 80000.00, former multi-month low from November.

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