Bitcoin Struggles to Sustain Bounce as Downtrend Persists at $72,500

Analysts say upside momentum remains limited despite a near-term rebound, with resistance around $72,000-$72,500 and a longer-term bearish channel in play.

Rich by Coin

2026-02-10

Bitcoin has attempted a recovery after a recent low, but ongoing technical indicators and the medium- to long-term price structure indicate that a trend reversal remains uncertain. InvestTech, the Nordic research firm, noted that in the near term BTC is trading above the 100-hour simple moving average and shows some technical rebound signals, but upside momentum remains limited. The longer-term view remains bearish, with BTC trapped in a downtrend channel until it can reclaim approximately $95,700.

In the near term, the key resistance is seen in the $72,000–$72,500 area, with a breakout potentially opening upside toward $74,650, $75,880, $76,500 and $77,200. On the downside, support sits at $69,400, with further supports at $68,500, $67,600 and $65,000. A break of $65,000 could significantly weaken the near-term recovery prospects.

Overall, BTC remains confined by a downtrend channel, and a sustained reversal would require reclaiming key levels. Near-term dynamics suggest limited upside momentum despite occasional rebounds, keeping the risk of renewed downside intact.