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2026-02-08 02:00:51

Bitcoin Drifts Into A Deep Conviction Zone, Smart Money Stays Patient

Bitcoin is navigating one of its deepest conviction zones yet, a phase that tests nerves more than it screams opportunity. While prices drift and fear dominates the market, smart money quietly accumulates, laying the groundwork for the next potential trend shift. Testing Conviction: Bitcoin In One Of Its Deepest Bear Market Zones Over the past few weeks, volatility has intensified, causing Bitcoin’s price to fall sharply. Marcus Corvinus highlighted that Bitcoin is trading in one of the deepest bear market zones in history, an area that doesn’t shout buy now but instead tests conviction and patience. These are the zones where price can drift aimlessly, bleed, and frustrate traders for weeks or even months. It’s not a sign of weakness; rather, strong hands are quietly accumulating while fear dominates the market narrative. Related Reading: Bitcoin Hits Deep Demand As Liquidity Finally Sweeps The Lows These phases are always messy and uncomfortable. Sentiment is crushed, capitulation feels endless, and confidence is at its lowest. Retail traders often panic or step aside during these times, which is exactly why these opportunities are so often missed. The real shift in trend rarely begins with hype or dramatic rallies. Instead, it starts with stabilization, absorption, and subtle recovery signals that are only visible to those who are patient. Quiet accumulation, a slowing of selling pressure, and small rebounds all hint that the market may be preparing for its next meaningful move. History doesn’t ring a bell at the bottom. It punishes doubt before it rewards belief. Marcus concludes that he is watching this zone very closely. While it won’t last forever, when it finally ends, most market participants will wish they had paid attention. The opportunity lies in recognizing the signals while others are blinded by fear and frustration. Resistance Holds At $71,000 — What It Means For Bulls Crypto analyst Crypto Candy noted that Bitcoin is moving largely as expected. As previously mentioned, a pullback from the $61,000–$58,000 zone toward the $70,000–$67,000 area was likely, and that scenario has unfolded precisely as predicted. The market reacted within this range, confirming the anticipated short-term price dynamics. Related Reading: Bitcoin Hits Deep Demand As Liquidity Finally Sweeps The Lows Crypto Candy also highlighted that although BTC touched $71,000, it was unable to close above that level on the daily timeframe. This reinforces the idea that until Bitcoin decisively reclaims this zone, short-term retracements remain the primary expectation. Looking ahead, Crypto Candy emphasized that a bullish scenario can only be considered in the short term if BTC closes above $71,000. Until that happens, the market may continue to test lower ranges, and retracements from the current zone are expected. Featured image from Pixabay, chart from Tradingview.com

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