Bitcoin Analysis for Feb 9: Here Are Recovery Hurdles for BTC Price Amid Short-Term Recovery

Bitcoin is trying to rebound but falling moving averages and strong resistance still limit upside as volatility remains high. Bitcoin (BTC) is trading at $70,936.57, up about 2.6% in the past 24 hours, after an active session that saw the price swing between a daily low of $69,066.88 and a high of $71,852.35.

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