A Look at the Pattern Setups in Bitcoin

Good Thursday Morning, MPTraders!  February 5, 2026-- Pre-Market Update: First Up, a look at the pattern setups in Bitcoin before my second update on GOOG, AMZN, and ES setups heading into today's session...

Three views: My 4-Hour Set Up shows the breach of 70,000 that is accompanied by an extremely oversold condition that in the past has correlated with an emergent rally. Let's also notice that 4-Hour Momentum exhibits a potentially positive Momentum divergence (high low) compared with the 11/21/25 price-Momentum low, suggesting that a two-way intraday market could be approaching. Should such a scenario unfold, BTC rally potential will hit heavy resistance at 75,000 to 77,500... (continued below the 4-Hour Chart)... 

From a Daily Chart perspective, the BTC Momentum low confirms today's new corrective price low, suggesting lower price lows ahead after an intraday or near-term bounce emerges... (continued below my Daily chart)...

My Weekly BTC setup indicates that the 70,000 down to up-sloping 200 Week MA, now at 58,085, is the potential bull-bear-battle Turn Zone that will be played out over a 4 to 6 week period, likely the requisite timeframe for WEEKLY Momentum to bottom, create a positive divergence, and then turn up... 

While nothing is written in stone, especially when it comes to the mysterious world of Crypto pricing, these three views provide us with technically-based scenarios to help us manage our expectations of what could lie directly ahead for Bitcoin... Last is 69,322... MJP