After a major sell-off causing liquidation of $8 billion in positions, Bitcoin saw a remarkable recovery of 12.35%, reaching $102.5K. By February 4, it stabilizes at $98,136, representing a 3.17% increase. Despite the volatility, negative funding rates hint at the potential for further appreciation.
Traders should monitor resistance levels between $101.4K to $105.5K for possible breakthroughs, indicating further upward movement.