#Bitcoin BTC Price News & Insights Today 11-2-2026 - Technical analysis of #BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of February 11, 2026, Bitcoin (BTC) is trading at approximately $66,703.70, down roughly 3% over the last 24 hours. The market is currently experiencing significant volatility, with the price dropping below the critical $67,000 support level today following a period of broader correction from its 2025 highs.
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Bitcoin Insights Today
-Macro Factors: The market is reacting to stronger-than-expected U.S. Nonfarm Payrolls data, which added 130,000 jobs in January. While traditionally strong for the economy, this has led to a stronger U.S. dollar and rising bond yields, reducing the appeal of non-yielding assets like Bitcoin.
-Institutional Shift: Experts at CNBC highlight a "cleansing phase" where leveraged long positions (roughly $770 million recently) have been liquidated. Institutional liquidity is now heavily clustered around U.S. market hours, increasing volatility during weekends when these traditional stabilizers are closed.
-Analyst Outlook: Tom Lee of Fundstrat, speaking at Consensus Hong Kong 2026, suggested that despite the current "mini winter," Bitcoin is positioned to outperform gold through the remainder of the year. Conversely, some analysts warn that a failure to hold above $60,000 could lead to a test of the $57,500 level.
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