Safe Haven vs. Digital Gold: The 2026 Outlook for Gold and Bitcoin
Date: February 6, 2026
The cryptocurrency market is facing a wave of extreme volatility as Bitcoin (BTC) experiences a sharp decline from its recent highs. After struggling to maintain momentum near the $90,000 resistance zone, the premier digital asset has plunged into a critical support region. Investors are now closely watching the $60,000 psychological level to see if the "bull run" can survive this massive correction.
Resistance at $90,000: The chart shows a significant rejection at the $90,341 level, which acted as a heavy ceiling for price action.
The Liquidity Gap: As the price dropped, it swept through liquidity zones (marked with $$$), indicating a rapid exit by short-term holders.
Current Standing: BTC is currently trading near $64,766, hovering just above a major long-term support zone that stretches down to $58,542.
US Jobs Data (NFP) Anxiety: With the NFP report due today, investors are moving out of "risk-on" assets like crypto and into the safety of the US Dollar.
Profit Taking: After the massive rally toward $120k earlier in the year, long-term whales are liquidating positions to lock in gains.
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Global Markets Analysis | Crypto | Commodities | Macro Economy
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