Bitcoin Targets Resistance at 80600: Chasing the 81k Mirage

The solid foundation formed at the lower levels provides a temporary psychological anchor for BTC investors.

Bitcoin's Gambit: Targeting $80,600 as the $150K Mirage Beckons

Another week, another twist in the crypto saga. After a notable pullback, Bitcoin (BTC) found its footing near $74,000, igniting fresh speculation. Seasoned market watchers are now eyeing the former resistance at $80,600, a critical battleground that could dictate the market's next significant move.

BTC Price Trend Last 7 Days

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The chatter among analysts points to an underlying bullish structure, despite the recent choppiness. Technical indicators are flashing signs of upside potential, but as always, the devil is in the details – and the order books.

The technical double bottom pattern suggests a structural shift in the current BTC price trajectory.

📌 Bitcoins Test The Double Bottom Play

The Setup: $74,000 Holds the Line

💥 Just days ago, market expert Tara highlighted a classic double bottom formation around $74,000. This pattern emerged after a rather aggressive price crash last week, catching many off guard but presenting a familiar rebound scenario for those watching closely.

Bitcoin is now steadily clawing its way back, targeting that pivotal resistance level. This isn't just a random bounce; it's a calculated retracement that demands attention.

The Analyst's Playbook: A Three-Step Dance

In her latest analysis, Tara suggests we're witnessing the final throes of a prolonged corrective cycle. She's outlined a compelling three-step sequence for BTC's immediate future, painting both rosy and grim scenarios depending on market reaction.

First, she expects Bitcoin to challenge the Wave A resistance near $80,600. This isn't a final stop; a minor retracement back to $77,600 is on the cards.

🟢 Following this brief dip, the real test begins: a potential bullish reversal pushing BTC back above the $80,000 threshold. Should this hold, a surge toward the 0.382 macro Fibonacci level, approximately $83,700, becomes the next target.

But here's the catch for the uninitiated: a further "final pullback" is anticipated. This move could see BTC retesting the macro 0.5 support level around $70,700. This level is critical, identified as the Wave 4 invalidation zone, and its resilience will be a true measure of underlying strength.

Reaching the critical 80600 zone represents a gateway to new liquidity or a potential rejection point.

📌 Invalidation Levels & The Grand 150000 Vision

When the Chips Are Down: $70,700 as the Last Stand

What if the market takes a darker turn? A common question: what happens if Bitcoin breaches Wave 4? Tara's conviction remains: even if Bitcoin drops to Wave 2 lows, the $70,700 level should provide steadfast support.

💸 She emphasizes that the ultimate destiny for Bitcoin still includes a significant test of the $100,000 psychological barrier. This won't just be a number; it will be a defining moment for mainstream adoption and institutional confidence.

The $150,000 Summit: Wave 5's Ultimate Target

The true prize, according to this analysis, lies in Wave 5. Once Bitcoin fully enters this final wave, it could embark on an astronomical ascent toward $150,000. This isn't merely a fantasy; it's a projected outcome based on established patterns.

🏆 A minor adjustment is noted: if that $70,700 support level is indeed tested, the Wave 5 target might shift slightly to $145,000. Either way, we're talking about fresh all-time highs.

Currently, Bitcoin is consistently filling support at crucial macro levels, having already absorbed pressure at the 0.236 and 0.382 Fibonacci support levels. The gaze is now fixed on the final 0.5 Fib support. The $150,000 Wave 5 target has remained consistent since the Wave 3 top, reinforcing a long-term bullish outlook that institutional players are undoubtedly monitoring.

📍 Historical Parallels & The Cynics View

We've seen this movie before, haven't we? A sharp correction, technical analysts calling for a specific bottom, and then a projected rally to unprecedented highs. The script feels eerily familiar to the May-July 2021 Bitcoin Correction.

🟢 Back in 2021, after Bitcoin soared past $60,000, a confluence of events – including China's mining ban and a wave of FUD – triggered a dramatic dip from $64,000 down to nearly $29,000. Many called for the end of the bull run, while others, like Tara today, pointed to key support levels and predicted an eventual rebound.

Professional analysts observe the clearing technical storm as BTC enters the final stage of its correction.

🪐 The outcome then was a strong accumulation phase at lower levels, fueled by conviction and institutional buying that led to new all-time highs later that year. The lesson? Major liquidations and sharp corrections often precede stronger, healthier rallies, but only after weaker hands are shaken out. The market loves to punish leveraged retail before rewarding the patient.

🌊 In my view, this appears to be a calculated maneuver by whales and institutional market makers. They leverage predictable technical patterns, amplified by social media commentary, to create liquidity pockets. The double bottom at $74,000 and the anticipated retest of $70,700 are not just technical levels; they are prime hunting grounds for smart money accumulating at a discount.

⏫ Today's scenario is identical in its psychological manipulation. While the specific catalysts (macro economic conditions, regulatory shifts, ETF flows) might differ from 2021, the market mechanics remain the same: induce fear, buy the dip, ride the subsequent rally. This isn't about precise chart patterns as much as it is about exploiting human emotion.

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🏃 If Bitcoin successfully navigates these resistance and support levels, the short-term impact will be a welcome relief for investor sentiment. A push past $80,600 will likely trigger significant bullish momentum, pulling altcoins along for the ride, albeit with Bitcoin maintaining dominance initially.

Volatility will remain elevated, especially around those key Fibonacci levels and the $70,700 invalidation zone. Expect aggressive swings as market participants jockey for position. Stablecoins will be heavily utilized for both profit-taking and dip-buying as traders move in and out of positions with increased frequency.

🌐 Longer term, a validated move towards $150,000 would usher in a new era of mainstream crypto acceptance. It would transform narratives around digital assets, attracting even more traditional finance capital and potentially accelerating institutional adoption across DeFi and NFTs. We could see a sustained "altcoin season" follow, but only after Bitcoin has firmly established its new price floor.

📍 Stakeholder Summary

Stakeholder	Position/Key Detail
💰 Market Analysts (e.g., Tara)	🟢 Bitcoin's structure remains bullish after a double bottom at $74,000, targeting $80,600, then potentially $150,000 after retesting $70,700.
🕴️ Retail Investors	Likely experiencing FUD during pullbacks, FOMO during rallies. Vulnerable to liquidations without clear risk management.
🏛️ Institutional Investors/Whales	🌍 Utilizing predictable technical levels ($70,700) to accumulate Bitcoin at a discount, influencing market sentiment.
Technical Indicators	🐂 Pointing to further upside despite recent downtrend, suggesting a strong underlying bullish structure.

📝 Key Takeaways

• Bitcoin has formed a double bottom at $74,000, indicating potential for an upward reversal.
• Key resistance levels at $80,600 and $83,700 are immediate targets, with a crucial invalidation level at $70,700.
• The long-term outlook remains highly bullish, with a projected Wave 5 target of $145,000-$150,000 if current patterns hold.
• Investors should anticipate heightened volatility and strategic maneuvers around these critical price points.

🔮 Thoughts & Predictions

The current market dynamics, mirroring the cyclical patterns seen during the 2021 Bitcoin Correction, suggest that the current corrective phase is likely a strategic accumulation zone for well-capitalized entities. We're seeing a textbook shakeout of over-leveraged retail positions, creating the necessary liquidity for institutional players to buy dips at precisely the technical levels outlined. The market is not just moving; it's being steered.

The path toward 80000 requires BTC to maintain precise momentum through high volatility zones.

🚰 My take is that while the short-term bounces to $80,600 are plausible, the true test will be the liquidity grab at $70,700. If that level holds firm, it validates the underlying institutional conviction, paving the way for a more robust move towards the $100,000 psychological barrier and ultimately, the macro target of $150,000 by late 2025 or early 2026. This isn't just a prediction; it's an observation of how smart money operates in these cycles, using fear as their primary tool.

The long-term outlook remains incredibly strong, but investors must understand that the path there will be fraught with engineered volatility. Expect the market to continue testing resolve, pushing just enough FUD to force capitulation before the next leg up truly begins. This is the harsh reality of navigating crypto markets where institutional power dictates much of the short-to-medium term price action.

🎯 Investor Action Tips

• Monitor Bitcoin's price action closely around the $80,600 resistance and, critically, the $70,700 invalidation level for signs of institutional accumulation.
• Consider setting stop-loss orders below strong support levels, but be aware of potential wick hunts that could trigger them prematurely.
• Diversify your crypto holdings to mitigate single-asset risk, but ensure a significant portion is in Bitcoin to benefit from its market dominance in bull runs.
• Avoid over-leveraging; market makers will exploit high leverage to induce liquidations and absorb your positions.

📘 Glossary for Serious Investors

📈 Fibonacci Levels: Price levels derived from the Fibonacci sequence, used in technical analysis to identify potential areas of support or resistance for an asset's price movements.

🚫 Invalidation Level: A specific price point, often in technical analysis, where if an asset's price moves beyond it, the original bullish or bearish prediction for its future movement is considered no longer valid.

🧭 Context of the Day

Bitcoin's current dance around critical technical levels represents a calculated opportunity for smart money to accumulate before a likely push towards unprecedented highs.

📈 BITCOIN Market Trend Last 7 Days

Date	Price (USD)	7D Change
1/30/2026	$84,570.41	+0.00%
1/31/2026	$84,141.78	-0.51%
2/1/2026	$78,725.86	-6.91%
2/2/2026	$76,937.06	-9.03%
2/3/2026	$78,767.66	-6.86%
2/4/2026	$75,638.96	-10.56%
2/5/2026	$72,904.51	-13.79%

Data provided by CoinGecko Integration.

💬 Investment Wisdom

"The market is a mechanism to transfer wealth from the impatient to the patient, especially at technical pivot points."
— Veteran Floor Trader

Crypto Market Pulse

February 5, 2026, 00:40 UTC

Total Market Cap

$2.55 T ▼ -3.58% (24h)

Bitcoin Dominance (BTC)

57.09%

Ethereum Dominance (ETH)

10.15%

Total 24h Volume

$182.88 B

Data from CoinGecko

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