K33: Bitcoin may have already bottomed out and is about to enter a sideways consolidation range between $60,000 and $75,000

SmartContractAuditor · 2026-02-11T15:06:49+00:00

K33 Analysis Report indicates that Bitcoin dropped close to $60,000 last week, potentially forming a local bottom. The current market shows "capitulation conditions." Bitcoin is expected to enter a consolidation phase between $60,000 and $75,000, with limited short-term downside risk.

SmartContractAuditor

2026-02-11 15:06:49

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Odaily Planet Daily reports that K33 analysis indicates that Bitcoin’s decline near $60,000 last week may signal a local bottom. The current sell-off shows “capitulation-like conditions” across spot, ETF, and derivatives markets, including extreme levels in trading volume, funding rates, and options skewness. Some indicators show Bitcoin’s daily RSI dropping to 15.9, the sixth lowest since 2015, only surpassed by March 2020 and November 2018; the Crypto Fear and Greed Index fell to 6, the second lowest in history. K33 believes Bitcoin may enter a sideways consolidation phase between $60,000 and $75,000, with reduced activity and potential support retests, but limited risk of a sharp decline below recent lows. (The Block)

BTC-0,83%

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