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#BTC Technical Analysis & Price Outlook (Feb 2026)
Bitcoin remains in a volatile macro structure, with price recently breaking below key short‑term support and consolidating between $60,000–$70,000 after a corrective sell‑off, signaling a continuation of the broader downtrend. Major indicators show mixed momentum: the 200‑week moving average near $58,000–$60,000 is acting as structural support, while the RSI sits in a neutral‑to‑oversold zone, leaving room for both rebounds and deeper pullbacks.
📌 Key Levels to Watch:
• 🔹 Support: $60,000–$61,000 (major floor confluence, 200‑week MA)
• 🔹 Minor Support: $65,000–$66,000 (recent intraday lows)
• 🔸 Resistance: $72,000–$73,500 (near short‑term supply zone)
• 🔸 Higher Resistance: $75,000–$76,000 area (critical breakout zone)
📈 Bearish Scenario:
Failure to reclaim $72k–$76k with strong volume keeps the bears in control. A breakdown below $60,000 could accelerate selling toward deeper support near the 200‑week mean (~$58k) or lower, consistent with a prolonged correction phase.
📈 Bullish Scenario:
A sustained rally above $72k would shift short‑term bias bullish, potentially testing $75k–$80k. Breakouts above this zone with expanding volume are key for reversing the downtrend and opening room for higher targets.
📊 Market Bias: Neutral‑to‑Bearish — structure suggests sideways consolidation with downside skew until key resistance levels clear.
Note: This is an analytical snapshot of on‑chain and chart data trends — not financial advice.
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