‼️ $BTC Update ‼️

Bitcoin trades around $68,400–$68,800 (as of February 16, 2026), after recovering from early-February lows near $60,000. This follows a ~50% drop from the October 2025 peak above $126,000, marking a sharp but orderly correction fueled by deleveraging, profit-taking, and reduced leverage—no full capitulation or "crypto winter" panic yet.

Sentiment hit extreme fear (Fear & Greed Index near single digits earlier this month), but has eased with stabilization and some dip-buying.

Key Drivers

- Institutional Activity: Spot BTC ETFs show recent outflows (hundreds of millions weekly), trimming AUM, yet longer-term net inflows stay positive. Large holders and institutions (e.g., ongoing whale/MicroStrategy accumulation) provide underlying support, while shorter-term/speculative positions unwind.

- Macro/Sentiment: Cooling inflation aids relief, but risk rotations to equities and macro uncertainty cap momentum. On-chain signals show continued large-player buying amid the dip.

Technical Setup

BTC stays in a descending channel on higher timeframes.

- Support: $67,000–$67,200 (critical); break risks $63,000–$60,000 retest.

- Resistance: $70,000–$71,600 (key overhead); clear break targets $72,000–$75,000+.

Daily/weekly RSI oversold; recent inside-bar/doji patterns hint at selling exhaustion. Momentum (MACD) remains bearish, but relief bounce possible if supports hold. Mining difficulty adjustment (~Feb 20) may add volatility.

Weekly Outlook

Short-term bias: bearish to neutra. Range trading or mild downside likely unless $71,600 breaks decisively.

- Bull case: Defend $67,000, reclaim $70,000+ on volume → push to $75,000 on stabilizing flows/sentiment.

- Bear case: Rejection here → retest lower supports, deeper drop if stops trigger.

Volatility expected to stay high. Many see dips as accumulation zones given structural support and no widespread panic. The move looks like a healthy shakeout in a maturing cycle,not a trend reversal

DYOR