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Bitcoin Rebounds to $78.5K, But Technicals Suggest No Long-Term Support Yet

Bitcoin has managed to claw its way back to $78.5K, a psychological level that has bulls calling for a run to six figures. But pop the champagne just yet? Probably not. A closer look at the order books reveals a troubling divergence: price is rising, but conviction is thinning. The bounce looks driven largely by […]

  • Read at Bitcoinist
  • Tue, 03 Feb 2026 07:20:40 +0000
Bitcoin Rebounds to $78.5K, But Technicals Suggest No Long-Term Support Yet