cryptocurrency

However, the #cryptocurrency market on February 7, 2026, is highly volatile, with prices moving in a seesaw motion between selling pressure and a rebound in prices. Shortly after experiencing a tough sell-off in the past days that pushed the prices of #bitcoin down to levels seen in late 2024, the major digital currencies are showing signs of life and have bounced up from key support levels.

The main cryptocurrency asset, $BTC , had seen large swings as it broke above $71,000 during intraday trading after a sharp decline was witnessed during the week. Ethereum and other top #altcoins had also risen as Ethereum rose back towards $2,000 after large liquidations crushed shorts. $XRP had risen on account of robust demand.@Plasma
$XPL
#plasma

Bitcoin $BTC is currently holding one of the most important support zones on the chart — a level that could decide the direction of the next major move.
Despite what looked like a sharp sell-off, the so-called “fake dump” failed to trigger sustained downside momentum. Price dipped, liquidity was taken, weak hands were shaken out — but BTC$BTC quickly stabilized and held its ground. That kind of reaction often signals underlying strength rather than weakness.
What makes this moment critical is the daily and weekly close around this zone. If Bitcoin manages to secure a strong close above support, it could confirm that the recent correction phase is cooling off — at least in the short term.
From a market structure perspective, bulls still have a window of opportunity.
If buyers step in with volume, the rebound could accelerate quickly. Crypto markets are known for fast, aggressive reversals — especially when positioning gets overcrowded on one side. Right now, late short sellers are building exposure near support, which increases the probability of a squeeze.
A high-momentum relief rally toward the $80K region is not off the table. In fact, such a move could be fueled by:
Short liquidations stacking above resistance
Spot demand returning at discount levels
Whale accumulation during the dip
Positive macro or ETF inflow sentiment
If that scenario plays out, late bears could get trapped badly — triggering a cascade of forced buybacks that pushes price even higher in a short time frame.
Because of this, shorting directly into support is extremely risky. It’s essentially betting on a breakdown before confirmation — and in volatile markets like crypto, premature entries often get punished.
The smarter approach is patience:
Wait for a clean breakdown with strong volume
Look for acceptance below support on higher timeframes
Avoid emotional trades based on intraday wicks
Until then, this level remains a battlefield — not a confirmed bearish continuation.
For now, Bitcoin is holding the line.
And if bulls defend it successfully, the next move could be fast, violent, and very unforgiving for anyone positioned on the wrong side.
#BTC #Crypto #Cryptocurrency #CryptoNews

As the Biafra movement gains momentum, it's time to think about its potential impact on the cryptocurrency space. If Biafra were to become a reality, it could be a game-changer for crypto adoption in the region. With a significant portion of Nigeria's crypto traders and enthusiasts hailing from the Southeast, a sovereign Biafra could unlock new opportunities for innovation and growth.
Imagine a Biafra where blockchain technology and cryptocurrency are integrated into the fabric of the economy. It could become a hub for crypto innovation, attracting investors and talent from around the world. The possibilities are endless, and it's exciting to think about the potential impact on the global crypto landscape.
What do you think? Could Biafra be the next big thing in crypto? Share your thoughts! #Biafra #Cryptocurrency #Blockchain #inovention