Why did Bitcoin USD jump 11.49% on February 9, 2026?

Bitcoin rebounded sharply from Friday's $62,822 low as liquidation pressure eased and the Coinbase Premium Index surged over 70%, signaling improved U.S. investor appetite. The bounce reflects stabilization after extreme fear gripped markets, though volume weakness suggests limited institutional conviction behind the move.

What is the key support level for Bitcoin USD right now?

The **$68,233 day low** from February 9 represents the first major support zone. Below this, **$60,255** where Bitcoin bottomed on Thursday acts as a psychological floor. The **$84,208 Bollinger Band lower level** provides longer-term support for a sustained recovery.

Is Bitcoin USD overbought or oversold based on RSI?

Bitcoin's RSI at **48.91** indicates neutral momentum with no overbought (>70) or oversold (

What do technical indicators suggest about Bitcoin's trend?

The **ADX at 25.89** confirms a strong trend is in place, while the **MACD histogram at 721.64** shows positive divergence. However, the **Awesome Oscillator at 2,242.61** and neutral RSI suggest momentum is building but not yet confirmed by volume.

What is the quarterly price forecast for Bitcoin USD?

Our quarterly forecast targets **$122,448**, representing **72.5% upside** from current levels. This assumes a gradual recovery toward previous resistance levels, though it requires sustained buying pressure and positive macro catalysts to materialize.

Crypto Insights

Bitcoin USD Bounces Off $68K Support—Can $71K Hold as Liquidations Ease?

ByDanny Kontos February 10, 2026February 10, 2026

Bitcoin USD has staged a notable recovery, climbing 11.49% in the last 24 hours to trade at $71,007.79 as of February 9, 2026. The leading cryptocurrency bounced sharply from Friday’s low of $62,822, marking a 13.09% gain over the past week. This rebound comes as market sentiment stabilizes following last week’s brutal selloff that pushed Bitcoin to a 15-month low. Analysts are watching whether this level holds as a critical support zone, with technical indicators showing mixed signals about the sustainability of the current bounce.