bitcoin price analysis
cryptocurrency market sentiment
Bitcoin's Recent Price Action Raises Concerns Over Bullish Outlook
Bitcoin’s price action has fallen into bearish territory after dropping below an important previous low that had supported the rally for months. At the time of writing, Bitcoin is trading at $78,560 after falling to as low as $77,082 in the past 24 hours, a move that crypto analyst XForceGlobal says represents a significant change in the technical structure. According to his detailed Elliott Wave analysis shared on X, the price action has now invalidated the bullish framework many traders were waiting for.
Feb 1, 20262 min