Bitcoin Intraday: technical rebound towards 70070 before a new drop
Feb 7, 2026 8:14 PM
technical rebound towards 70070 before a new drop.
Our pivot point stands at 70070.
Our preference:
technical rebound towards 70070 before a new drop.
Alternative scenario:
the upside breakout of 70070, would call for 70940 and 71460.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (68952) but under its 50 period moving average (69508).
Supports and resistances:
71460 **
70940 *
70070 **
69720
69212 last
68170
67650 **
67140 *
66620 **
Our preference:
technical rebound towards 70070 before a new drop.
Alternative scenario:
the upside breakout of 70070, would call for 70940 and 71460.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (68952) but under its 50 period moving average (69508).
Supports and resistances:
71460 **
70940 *
70070 **
69720
69212 last
68170
67650 **
67140 *
66620 **
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