Is the downtrend over for Bitcoin?

Not yet. Bitcoin price today sits below the 50-day average at $89,813 and well under the 200-day at $104,526. RSI near 49 is neutral, and ADX near 26 shows trend strength. A series of daily closes above $84,000, then $89,813, would be early proof the trend is improving.

What key levels should I track now?

Focus on the $73,000 support level first. On the upside, $84,000 is a near-term hurdle, followed by the 50-day average at $89,813. Price below the Bollinger lower band at $84,209 signals stress. Reclaiming the band and the 50-day would mark progress for buyers.

How should Australian investors manage volatility?

Use smaller position sizes, staged orders, and hard stops. Check fees on local exchanges and consider AUD/USD effects on returns. Set alerts for $73,000 and $84,000, and review Bitcoin price today before placing orders. Avoid over-leverage while liquidity is thin and spreads can widen during Asia hours.

Does the Fed outlook affect Bitcoin now?

Yes. Tighter policy and cautious commentary, including from figures like Kevin Warsh Fed, can lift real yields and weigh on risk assets. That supports gold and keeps crypto choppy. Macro tone often drives flows, so track policy signals alongside technical levels and liquidity conditions.

Global Market Insights

BTCUSD Today, February 05: Downtrend Intact; $73K Support in Play

ByHuzaifa Zahoor February 5, 2026February 5, 2026

Bitcoin price today is steady around $78,648 after a sharp weekend dip below $73,000. The broader trend is still weak as deleveraging runs through crypto. For Australian investors, price action is USD based, so returns also depend on AUD/USD. We see high intraday swings and tight liquidity. The $73,000 support level is key for direction. We track BTCUSD and ETH to gauge flows. Use clear levels and risk rules while volatility stays elevated.