BTC Crypto Technical Analysis

Technical Sentiment Analysis for Bitcoin (BTC) As of 2026-02-08, Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 2 indicators are flashing buy, while 8 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at 35.194, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -5621.427, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 33.929 and the Commodity Channel Index (CCI) at -96.869 further confirm a -13373.14 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $87261.069 and below its 200-day long-term moving average of $102315.259. Key price levels to watch include the immediate resistance at $85937.731 and strong support at $61201.981. A break above $85937.731 could signal a bull continuation, while falling below $61201.981 may test the next Fibonacci floor at $48233.115.