K33: Bitcoin selling pressure indicates an "surrender" extreme signal, possibly entering a consolidation phase between $60,000 and $75,000

DeepFlowTech · 2026-02-11T13:45:07+00:00

The latest K33 report indicates that Bitcoin's dip near $60,000 last week may signal a local bottom, and the current market is experiencing extreme capitulation. Although a sideways range between $60,000 and $75,000 may occur in the short term, the risk of a significant decline in the near future is limited.

DeepFlowTech

2026-02-11 13:45:07

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Deep Tide TechFlow News, February 11 — According to The Block, K33 stated in its latest report that the recent dip in Bitcoin near $60,000 last week could mark a local bottom. The current sell-off shows “capitulation-like conditions” across spot, ETF, and derivatives markets, including extreme levels in trading volume, funding rates, and options skewness. Some indicators show Bitcoin’s daily RSI dropping to 15.9, the sixth lowest since 2015, only surpassed by March 2020 and November 2018; the Crypto Fear and Greed Index fell to 6, the second lowest in history. K33 believes Bitcoin may enter a sideways consolidation phase between $60,000 and $75,000, with reduced activity and potential support retests, while the risk of a significant decline below recent lows remains limited.

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