News
- AXS jumps over 15% after bouncing off $1.20 support amid rising trading activity.
- bAXS rollout and higher volume fuel rally, but broader market sentiment stays weak.
- Failure above $1.60 may signal a dead cat bounce, with downside risk toward $0.80.
Gaming token Axie Infinity is up by more than 15% in the past 24 hours as bulls show a notable bounce off the $1.20 support level.
The AXS price ticked up amid heightened trader activity, with the intraday surge pushing the cryptocurrency towards the top 100 by market capitalization.
However, with sentiment across the market still fragile, the big question is whether the upward move signals renewed bullish momentum or merely a fleeting “dead cat bounce”.
Why is Axie Infinity price up today?
AXS is among the top altcoin gainers with double-digit advances on February 9, 2026, posting gains that outpace all top 10 coins by market cap.
This outperformance coincides with Bitcoin’s steady hold above $70,000, bolstered by fresh institutional buying such as Binance’s acquisition of 4,225 BTC as it looks to convert its $1 billion SAFU Fund into BTC.
While the buying, much like Strategy’s (formerly known as MicoStrategy) BTC purchase over the past weeks, has not triggered bulls, stability has benefited small altcoins.
Notably, trader interest in AXS has also spiked following recent announcements from Sky Mavis, the developer behind Axie Infinity, regarding the rollout of bAXS.
The token offers in-ecosystem utility as well as staking and gameplay rewards, and bulls have shown excitement since the news.
What is bAXS and what can you do with it?
bAXS will do the same things as AXS: Use it to ascend, evolve, and breed axies.
Spend it in-game, forge new items on App.axie, and more.
Over time, we’ll also distribute most rewards in bAXS.
The difference between both tokens is… pic.twitter.com/X8kcpNTlGf
— Axie Infinity (@AxieInfinity) February 5, 2026
Axie Infinity price outlook: Momentum or dead cat bounce?
AXS recently surged to highs near $3 earlier in the year, before plummeting sharply amid last week’s market bloodbath.
The intraday gains of over 15% has therefore emboldened bulls, who targeted strength above $1.50.
Accompanied by a 250% spike in trading volume, AXS rose to above $1.56 as of writing.
The 4-hour chart shows a potential falling wedge breakout, with the RSI and MACD signaling room for more gains.
However, the broader crypto market remains mired in bearish sentiment.
Weakness, despite the impending bAXS airdrop, also saw bears retest the downtrend line from above $4.54.
Losses may mean fleeting gains or what analysts call a “dead cat bounce” scenario.
The outlook of the RSI on the 4-hour chart suggests fresh selling may strengthen this prospect.
In this case, a breakdown below the pivotal $1.20 support could accelerate downside momentum, potentially driving AXS toward lows of $0.80.
Prior accumulation zones sit here and might offer relief.
On the downside, a decisive close above $1.60 could invalidate the short-term bearish setup and allow buyers to test horizontal resistance near $3.00.
The post Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains appeared first on CoinJournal.
- AXS jumps over 15% after bouncing off $1.20 support amid rising trading activity.
- bAXS rollout and higher volume fuel rally, but broader market sentiment stays weak.
- Failure above $1.60 may signal a dead cat bounce, with downside risk toward $0.80.
Gaming token Axie Infinity is up by more than 15% in the past 24 hours as bulls show a notable bounce off the $1.20 support level.
The AXS price ticked up amid heightened trader activity, with the intraday surge pushing the cryptocurrency towards the top 100 by market capitalization.
However, with sentiment across the market still fragile, the big question is whether the upward move signals renewed bullish momentum or merely a fleeting “dead cat bounce”.
Why is Axie Infinity price up today?
AXS is among the top altcoin gainers with double-digit advances on February 9, 2026, posting gains that outpace all top 10 coins by market cap.
This outperformance coincides with Bitcoin’s steady hold above $70,000, bolstered by fresh institutional buying such as Binance’s acquisition of 4,225 BTC as it looks to convert its $1 billion SAFU Fund into BTC.
While the buying, much like Strategy’s (formerly known as MicoStrategy) BTC purchase over the past weeks, has not triggered bulls, stability has benefited small altcoins.
Notably, trader interest in AXS has also spiked following recent announcements from Sky Mavis, the developer behind Axie Infinity, regarding the rollout of bAXS.
The token offers in-ecosystem utility as well as staking and gameplay rewards, and bulls have shown excitement since the news.
What is bAXS and what can you do with it?
bAXS will do the same things as AXS: Use it to ascend, evolve, and breed axies.
Spend it in-game, forge new items on App.axie, and more.
Over time, we’ll also distribute most rewards in bAXS.
The difference between both tokens is… pic.twitter.com/X8kcpNTlGf
— Axie Infinity (@AxieInfinity) February 5, 2026
Axie Infinity price outlook: Momentum or dead cat bounce?
AXS recently surged to highs near $3 earlier in the year, before plummeting sharply amid last week’s market bloodbath.
The intraday gains of over 15% has therefore emboldened bulls, who targeted strength above $1.50.
Accompanied by a 250% spike in trading volume, AXS rose to above $1.56 as of writing.
The 4-hour chart shows a potential falling wedge breakout, with the RSI and MACD signaling room for more gains.
However, the broader crypto market remains mired in bearish sentiment.
Weakness, despite the impending bAXS airdrop, also saw bears retest the downtrend line from above $4.54.
Losses may mean fleeting gains or what analysts call a “dead cat bounce” scenario.
The outlook of the RSI on the 4-hour chart suggests fresh selling may strengthen this prospect.
In this case, a breakdown below the pivotal $1.20 support could accelerate downside momentum, potentially driving AXS toward lows of $0.80.
Prior accumulation zones sit here and might offer relief.
On the downside, a decisive close above $1.60 could invalidate the short-term bearish setup and allow buyers to test horizontal resistance near $3.00.
The post Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains appeared first on CoinJournal.
- AXS jumps over 15% after bouncing off $1.20 support amid rising trading activity.
- bAXS rollout and higher volume fuel rally, but broader market sentiment stays weak.
- Failure above $1.60 may signal a dead cat bounce, with downside risk toward $0.80.
Gaming token Axie Infinity is up by more than 15% in the past 24 hours as bulls show a notable bounce off the $1.20 support level.
The AXS price ticked up amid heightened trader activity, with the intraday surge pushing the cryptocurrency towards the top 100 by market capitalization.
However, with sentiment across the market still fragile, the big question is whether the upward move signals renewed bullish momentum or merely a fleeting “dead cat bounce”.
Why is Axie Infinity price up today?
AXS is among the top altcoin gainers with double-digit advances on February 9, 2026, posting gains that outpace all top 10 coins by market cap.
This outperformance coincides with Bitcoin’s steady hold above $70,000, bolstered by fresh institutional buying such as Binance’s acquisition of 4,225 BTC as it looks to convert its $1 billion SAFU Fund into BTC.
While the buying, much like Strategy’s (formerly known as MicoStrategy) BTC purchase over the past weeks, has not triggered bulls, stability has benefited small altcoins.
Notably, trader interest in AXS has also spiked following recent announcements from Sky Mavis, the developer behind Axie Infinity, regarding the rollout of bAXS.
The token offers in-ecosystem utility as well as staking and gameplay rewards, and bulls have shown excitement since the news.
What is bAXS and what can you do with it?
bAXS will do the same things as AXS: Use it to ascend, evolve, and breed axies.
Spend it in-game, forge new items on App.axie, and more.
Over time, we’ll also distribute most rewards in bAXS.
The difference between both tokens is… pic.twitter.com/X8kcpNTlGf
— Axie Infinity (@AxieInfinity) February 5, 2026
Axie Infinity price outlook: Momentum or dead cat bounce?
AXS recently surged to highs near $3 earlier in the year, before plummeting sharply amid last week’s market bloodbath.
The intraday gains of over 15% has therefore emboldened bulls, who targeted strength above $1.50.
Accompanied by a 250% spike in trading volume, AXS rose to above $1.56 as of writing.
The 4-hour chart shows a potential falling wedge breakout, with the RSI and MACD signaling room for more gains.
However, the broader crypto market remains mired in bearish sentiment.
Weakness, despite the impending bAXS airdrop, also saw bears retest the downtrend line from above $4.54.
Losses may mean fleeting gains or what analysts call a “dead cat bounce” scenario.
The outlook of the RSI on the 4-hour chart suggests fresh selling may strengthen this prospect.
In this case, a breakdown below the pivotal $1.20 support could accelerate downside momentum, potentially driving AXS toward lows of $0.80.
Prior accumulation zones sit here and might offer relief.
On the downside, a decisive close above $1.60 could invalidate the short-term bearish setup and allow buyers to test horizontal resistance near $3.00.
The post Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains appeared first on CoinJournal.
Six people have been detained after a French magistrate and her mother were abducted in a crypto ransom plot, intensifying concerns over a surge in violent “wrench attacks” in France.
- Bitcoin (BTC) is showing early buy signals amid an ongoing correction near $69,500.
- The key support levels at $65,800 and $60,100 attract dip buyers.
- A break above $74,500 could trigger renewed bullish momentum.
Bitcoin has been in a volatile state over the past month, with prices hovering near $69,500.
The cryptocurrency has faced a 23.2% drop over the last month, signalling a deeper correction in progress.
Despite the decline, recent market activity suggests early buy signals are starting to emerge.
Bitcoin price trapped in a sideways phase
BTC is currently trading in a sideways range between $62,800 and $78,900 over the past seven days.
This range indicates indecision among traders, with neither bulls nor bears fully controlling the market.
Analyst Doctor Profit warn that this sideways phase could be a trap, potentially leading to a deeper drop toward $44,000–$50,000.
However, this view is balanced by macroeconomic developments that may provide temporary support for Bitcoin.
The recent rebound above $70,000 came after a short squeeze pushed BTC higher, liquidating over $245 million in positions.
This shows that buying pressure still exists, particularly from opportunistic traders looking to enter at perceived lows.
Liquidity remains relatively strong, with 24-hour trading volume exceeding $46 billion, suggesting continued investor participation.
Bitcoin technical outlook: the buy signals
From a technical standpoint, Bitcoin remains capped below key resistance at $69,000–$69,500.
Breaking above this level is essential for bulls to regain control of short-term momentum.
On the flip side, the support levels at $65,800 and $60,100 provide clear thresholds where buyers may step in.
Recent dip buying indicates that some traders are accumulating Bitcoin during the correction.
Notably, the reset of leveraged positions in derivatives markets points to reduced short-term selling pressure.
Meanwhile, macro factors such as strong US economic data and Federal Reserve liquidity injections provide additional tailwinds.
Political events like Japan’s election have also lifted global risk appetite, indirectly supporting BTC and other risk assets.
Historical trends show that Bitcoin often experiences deep corrections after major rallies, making the current slump consistent with past market cycles.
The all-time high of $126,080, reached in October 2025, remains distant, but the current consolidation may offer opportunities for medium-term accumulation.
Analysts emphasise that patience is critical, as further volatility is expected before a sustained uptrend emerges.
Bulls should watch these key technical zones carefully, knowing that a breakout above $74,500 could signal renewed upward momentum.
Conversely, a fall below $65,800 could intensify selling and extend the correction phase.
Overall, the market is balancing between lingering bearish pressure and emerging buying interest, creating a cautious but potentially rewarding environment.
Investors with a longer-term perspective may view current prices as an entry point amid market-wide corrections.
Short-term traders should remain alert to both upside breakouts and downside risks in the coming weeks.
The post Bitcoin price outlook: buy signals appear amid deep BTC correction appeared first on CoinJournal.
- Bitcoin (BTC) is showing early buy signals amid an ongoing correction near $69,500.
- The key support levels at $65,800 and $60,100 attract dip buyers.
- A break above $74,500 could trigger renewed bullish momentum.
Bitcoin has been in a volatile state over the past month, with prices hovering near $69,500.
The cryptocurrency has faced a 23.2% drop over the last month, signalling a deeper correction in progress.
Despite the decline, recent market activity suggests early buy signals are starting to emerge.
Bitcoin price trapped in a sideways phase
BTC is currently trading in a sideways range between $62,800 and $78,900 over the past seven days.
This range indicates indecision among traders, with neither bulls nor bears fully controlling the market.
Analyst Doctor Profit warn that this sideways phase could be a trap, potentially leading to a deeper drop toward $44,000–$50,000.
However, this view is balanced by macroeconomic developments that may provide temporary support for Bitcoin.
The recent rebound above $70,000 came after a short squeeze pushed BTC higher, liquidating over $245 million in positions.
This shows that buying pressure still exists, particularly from opportunistic traders looking to enter at perceived lows.
Liquidity remains relatively strong, with 24-hour trading volume exceeding $46 billion, suggesting continued investor participation.
Bitcoin technical outlook: the buy signals
From a technical standpoint, Bitcoin remains capped below key resistance at $69,000–$69,500.
Breaking above this level is essential for bulls to regain control of short-term momentum.
On the flip side, the support levels at $65,800 and $60,100 provide clear thresholds where buyers may step in.
Recent dip buying indicates that some traders are accumulating Bitcoin during the correction.
Notably, the reset of leveraged positions in derivatives markets points to reduced short-term selling pressure.
Meanwhile, macro factors such as strong US economic data and Federal Reserve liquidity injections provide additional tailwinds.
Political events like Japan’s election have also lifted global risk appetite, indirectly supporting BTC and other risk assets.
Historical trends show that Bitcoin often experiences deep corrections after major rallies, making the current slump consistent with past market cycles.
The all-time high of $126,080, reached in October 2025, remains distant, but the current consolidation may offer opportunities for medium-term accumulation.
Analysts emphasise that patience is critical, as further volatility is expected before a sustained uptrend emerges.
Bulls should watch these key technical zones carefully, knowing that a breakout above $74,500 could signal renewed upward momentum.
Conversely, a fall below $65,800 could intensify selling and extend the correction phase.
Overall, the market is balancing between lingering bearish pressure and emerging buying interest, creating a cautious but potentially rewarding environment.
Investors with a longer-term perspective may view current prices as an entry point amid market-wide corrections.
Short-term traders should remain alert to both upside breakouts and downside risks in the coming weeks.
The post Bitcoin price outlook: buy signals appear amid deep BTC correction appeared first on CoinJournal.
- Bitcoin (BTC) is showing early buy signals amid an ongoing correction near $69,500.
- The key support levels at $65,800 and $60,100 attract dip buyers.
- A break above $74,500 could trigger renewed bullish momentum.
Bitcoin has been in a volatile state over the past month, with prices hovering near $69,500.
The cryptocurrency has faced a 23.2% drop over the last month, signalling a deeper correction in progress.
Despite the decline, recent market activity suggests early buy signals are starting to emerge.
Bitcoin price trapped in a sideways phase
BTC is currently trading in a sideways range between $62,800 and $78,900 over the past seven days.
This range indicates indecision among traders, with neither bulls nor bears fully controlling the market.
Analyst Doctor Profit warn that this sideways phase could be a trap, potentially leading to a deeper drop toward $44,000–$50,000.
However, this view is balanced by macroeconomic developments that may provide temporary support for Bitcoin.
The recent rebound above $70,000 came after a short squeeze pushed BTC higher, liquidating over $245 million in positions.
This shows that buying pressure still exists, particularly from opportunistic traders looking to enter at perceived lows.
Liquidity remains relatively strong, with 24-hour trading volume exceeding $46 billion, suggesting continued investor participation.
Bitcoin technical outlook: the buy signals
From a technical standpoint, Bitcoin remains capped below key resistance at $69,000–$69,500.
Breaking above this level is essential for bulls to regain control of short-term momentum.
On the flip side, the support levels at $65,800 and $60,100 provide clear thresholds where buyers may step in.
Recent dip buying indicates that some traders are accumulating Bitcoin during the correction.
Notably, the reset of leveraged positions in derivatives markets points to reduced short-term selling pressure.
Meanwhile, macro factors such as strong US economic data and Federal Reserve liquidity injections provide additional tailwinds.
Political events like Japan’s election have also lifted global risk appetite, indirectly supporting BTC and other risk assets.
Historical trends show that Bitcoin often experiences deep corrections after major rallies, making the current slump consistent with past market cycles.
The all-time high of $126,080, reached in October 2025, remains distant, but the current consolidation may offer opportunities for medium-term accumulation.
Analysts emphasise that patience is critical, as further volatility is expected before a sustained uptrend emerges.
Bulls should watch these key technical zones carefully, knowing that a breakout above $74,500 could signal renewed upward momentum.
Conversely, a fall below $65,800 could intensify selling and extend the correction phase.
Overall, the market is balancing between lingering bearish pressure and emerging buying interest, creating a cautious but potentially rewarding environment.
Investors with a longer-term perspective may view current prices as an entry point amid market-wide corrections.
Short-term traders should remain alert to both upside breakouts and downside risks in the coming weeks.
The post Bitcoin price outlook: buy signals appear amid deep BTC correction appeared first on CoinJournal.
- Bitcoin (BTC) is showing early buy signals amid an ongoing correction near $69,500.
- The key support levels at $65,800 and $60,100 attract dip buyers.
- A break above $74,500 could trigger renewed bullish momentum.
Bitcoin has been in a volatile state over the past month, with prices hovering near $69,500.
The cryptocurrency has faced a 23.2% drop over the last month, signalling a deeper correction in progress.
Despite the decline, recent market activity suggests early buy signals are starting to emerge.
Bitcoin price trapped in a sideways phase
BTC is currently trading in a sideways range between $62,800 and $78,900 over the past seven days.
This range indicates indecision among traders, with neither bulls nor bears fully controlling the market.
Analyst Doctor Profit warn that this sideways phase could be a trap, potentially leading to a deeper drop toward $44,000–$50,000.
However, this view is balanced by macroeconomic developments that may provide temporary support for Bitcoin.
The recent rebound above $70,000 came after a short squeeze pushed BTC higher, liquidating over $245 million in positions.
This shows that buying pressure still exists, particularly from opportunistic traders looking to enter at perceived lows.
Liquidity remains relatively strong, with 24-hour trading volume exceeding $46 billion, suggesting continued investor participation.
Bitcoin technical outlook: the buy signals
From a technical standpoint, Bitcoin remains capped below key resistance at $69,000–$69,500.
Breaking above this level is essential for bulls to regain control of short-term momentum.
On the flip side, the support levels at $65,800 and $60,100 provide clear thresholds where buyers may step in.
Recent dip buying indicates that some traders are accumulating Bitcoin during the correction.
Notably, the reset of leveraged positions in derivatives markets points to reduced short-term selling pressure.
Meanwhile, macro factors such as strong US economic data and Federal Reserve liquidity injections provide additional tailwinds.
Political events like Japan’s election have also lifted global risk appetite, indirectly supporting BTC and other risk assets.
Historical trends show that Bitcoin often experiences deep corrections after major rallies, making the current slump consistent with past market cycles.
The all-time high of $126,080, reached in October 2025, remains distant, but the current consolidation may offer opportunities for medium-term accumulation.
Analysts emphasise that patience is critical, as further volatility is expected before a sustained uptrend emerges.
Bulls should watch these key technical zones carefully, knowing that a breakout above $74,500 could signal renewed upward momentum.
Conversely, a fall below $65,800 could intensify selling and extend the correction phase.
Overall, the market is balancing between lingering bearish pressure and emerging buying interest, creating a cautious but potentially rewarding environment.
Investors with a longer-term perspective may view current prices as an entry point amid market-wide corrections.
Short-term traders should remain alert to both upside breakouts and downside risks in the coming weeks.
The post Bitcoin price outlook: buy signals appear amid deep BTC correction appeared first on CoinJournal.