Bitcoin Faces Macro Struggles in Recovery Efforts

Bassyonni

Published: February 11, 2026 10:00 PM ET

Bitcoin Faces Macro Struggles in Recovery Efforts

Bitcoin experienced a temporary decline below $67,000 at the start of Wednesday morning. However, a more favorable jobs report led to a rebound, pushing Bitcoin’s value back above this threshold.

Macro Factors Influencing Bitcoin

Gracy Chen, the CEO of Bitget, noted that Bitcoin is caught in a “macro tug-of-war.” This situation is characterized by price movements driven by geopolitical events, interest rate expectations, and overall liquidity, rather than by events specific to the cryptocurrency market.

Pratik Kala, a portfolio manager at Apollo Crypto, highlighted the significance of the 200-week exponential moving average. He stated this key indicator is closely monitored by systematic and momentum traders. “If Bitcoin breaks below this level, it could signal increased downward pressure,” Kala explained.

Potential Price Trends

Market participants are particularly vigilant regarding this moving average, as it often serves as a crucial support level. Kala mentioned that, although making predictions is challenging, a decline below this average could lead Bitcoin to revisit the $65,000 mark.

As for Bitget’s Chen, she believes the market is stabilizing after recent fluctuations. Her outlook suggests Bitcoin could remain within a $60,000 to $75,000 range for the upcoming weeks, possibly extending up to a month.

Risks of Further Decline

Chen also warned of a downside risk. If sellers continue to exert pressure and aggressive short positions remain, Bitcoin could approach the significant support level of $50,000. This zone could attract buying interest, leading to a potential rebound if forced selling diminishes.