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Bitcoin Bitcoin Share: 59.24%
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Coinpedia
February 3, 2026 9:54 AM UTC

Bitcoin Consolidates Between $62K and $71K: Accumulation or Range Trap Before the Next Move?

Bitcoin Consolidates Between $62K and $71K: Accumulation or Range Trap Before the Next Move?

The post Bitcoin Consolidates Between $62K and $71K: Accumulation or Range Trap Before the Next Move? appeared first on Coinpedia Fintech News Bitcoin price continues to trade within a predefined range in the short and long term following a sharp decline in mid-February. The crypto is oscillating between a well-established support zone near $62,000 and a resistance band around $70,500 and $71,500. This consolidation phase reflects compression rather than directional conviction, with early signs of higher lows …

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