Bitcoin Surges 7% After Rare RSI Signal

Bitcoin Rebounds 7% from Low as BTC Price Chart Prints Rare RSI Signal

Bitcoin has rebounded sharply after hitting a low of nearly $90,000, driven by market reactions to the emerging gap in CME futures. Trading activity surged as investors responded to volatility brought on by geopolitical tensions and their implications for the cryptocurrency market.

Rekt Capital highlighted, “Volatile retest is in progress,” underscoring the sentiment surrounding Bitcoin’s recent price action.

A sharp Bitcoin rebound from near $90,000 signals a recovery, spurred by CME futures gaps and market volatility. Read more about this trend.

BTC Price Surge Explained: Filling the CME Futures Gap

On February 3, Bitcoin (BTC) demonstrated a powerful recovery, breaking past the significant threshold of $97,000 as fresh trading dynamics took hold in the market. Data from Cointelegraph Markets Pro and TradingView indicated that the price climbed as much as 6.7% compared to the local lows of $91,530, which were recorded shortly after the onset of the weekly trading session. This price movement comes in light of recent tariffs imposed by the U.S. on Canada and Mexico, which have heightened market uncertainty.

The broader cryptocurrency market faced challenges, however, as altcoins struggled significantly amidst this volatility. Notably, many of the top twenty cryptocurrencies saw price drops exceeding 20%, reflecting a risk-off sentiment among investors. Popular trader Johnny noted on social media, “As long as the range lows and yearly open remain stable, BTC appears to be relatively strong compared to the rest of the market.” This comment encapsulates a cautiously optimistic view from market participants.

Market Reactions to New Geopolitical Developments

The surge in Bitcoin’s price following the announcement of tariffs also highlights the asset’s role as a potential hedge against traditional market volatility. According to trading firm QCP Capital, market liquidations amounted to nearly $2 billion due to crypto’s response to these cross-asset shifts. “This decorrelation reinforces the notion that current movements are driven by broader portfolio rebalancing strategies rather than isolated events,” they summarized in a bulletin. The firm’s analysis indicates that traders should brace for continued fluctuations