The post Bitcoin Sentiment Turns Bearish, but 2026 Outlook Stays Constructive appeared on BitcoinEthereumNews.com.

Bitcoin Bitcoin is trading around $73,700 at the time of writing, remaining under pressure as bearish sentiment continues to dominate the market. Key Takeaways Bitcoin holds near $73,700 despite heavy bearish sentiment. April low sweep with high volume hints at local capitulation. Long-term outlook for 2026 remains constructive. Recent sessions have been defined by heightened volatility, weak confidence across risk assets, and lingering macro uncertainty, all of which have weighed on short-term price action. Despite this, several analysts argue that the broader structure still points to a bottoming process rather than the start of a prolonged bear phase. April Lows Swept as Volume Spikes Signal Potential Capitulation According to crypto analyst Michaël van de Poppe, Bitcoin recently swept the April lows, triggering a sharp increase in trading volume. Historically, such volume spikes during downside moves often indicate forced selling and local capitulation rather than sustained distribution. Van de Poppe also noted that the US government shutdown ended shortly after the sweep, helping remove a key source of macro-driven risk sentiment. #Bitcoin did sweep the lows of April. Remarkably:– Most volume was generated during that sweep.– The government shutdown ended immediately after. I think that we’ll consolidate slightly here, find ourselves a higher low, and rally to $82-84K from here. pic.twitter.com/FPhwHmXK1V — Michaël van de Poppe (@CryptoMichNL) February 4, 2026 From a market structure perspective, he expects Bitcoin to consolidate in the current range, potentially forming a higher low. If that scenario plays out, he sees scope for a rebound toward the $82,000–$84,000 area, even as sentiment remains cautious in the near term. On-Chain Metrics Suggest Downside Risk, but Not a Structural Breakdown While price action hints at stabilization, on-chain data presents a more complex picture. The Cap Loss Ratio – which compares Bitcoin’s realized capitalization to its market capitalization –…

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Filed under: News - @ February 4, 2026 5:27 pm