Proekt_73
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Checkonchain: BTC sellers with profits have almost disappeared.
The chart of realized profits for #BTC by cohorts, prepared by analysts at #Checkonchain, shows that in the current market phase, sales are not driven by "locking in profits," but by "reducing risk."
According to their data, it is clear that:
- Realized profits (in total and by groups) remain suppressed: there is no mass unloading at a profit.
- The main pressure is not created by "cycle winners," but by forced sellers.
- Three motives for selling dominate the market:
-- capitulation - exiting at a loss because they can no longer "hold on,"
-- hedge - reducing risk, protecting the portfolio, balancing the position,
-- fear - emotional selling on volatility and headlines.
This is important because when profit-making sellers are active, the market often falls during the unloading of strong hands. BUT when they are almost gone, the sell-off is more often like stress and forced actions, rather than planned profit-taking. And any stress has its own time frames and limit potential.
The chart of realized profits for #BTC by cohorts, prepared by analysts at #Checkonchain, shows that in the current market phase, sales are not driven by "locking in profits," but by "reducing risk."
According to their data, it is clear that:
- Realized profits (in total and by groups) remain suppressed: there is no mass unloading at a profit.
- The main pressure is not created by "cycle winners," but by forced sellers.
- Three motives for selling dominate the market:
-- capitulation - exiting at a loss because they can no longer "hold on,"
-- hedge - reducing risk, protecting the portfolio, balancing the position,
-- fear - emotional selling on volatility and headlines.
This is important because when profit-making sellers are active, the market often falls during the unloading of strong hands. BUT when they are almost gone, the sell-off is more often like stress and forced actions, rather than planned profit-taking. And any stress has its own time frames and limit potential.
Word to the bears: the fractal from 2021 sends BTC to the level of $41,500
Word to the bears: the fractal from 2021 sends BTC to the level of $41,500.
A picture with the assessment of the author-analyst is circulating in X:
"This chart perfectly predicted every movement of Bitcoin since 2021. If the pattern 'double top' still holds, BTC will drop to $41,000 next month."
A picture with the assessment of the author-analyst is circulating in X:
"This chart perfectly predicted every movement of Bitcoin since 2021. If the pattern 'double top' still holds, BTC will drop to $41,000 next month."
The volatility indices of BTC and ETH look charged for growth.
Let’s remind that on these charts we mark the days of potential reversal with vertical lines. Those marked with a dashed line in history are unfulfilled reversal predictions. Solid lines indicate fulfilled predictions or predictions whose fulfillment is still ahead.
The increase in volatility actively occurred from January 29 to February 7, and we all remember what happened in that period in the market. From February 7 until today, the indices have been decreasing. However, according to our forecast today, the decline is coming to an end. We will be waiting for the reversal of the indices today or tomorrow.
In general, for both indices, the window for reversal is February 15-17. This means that the decrease in BTC price volatility, which has been ongoing since February 6 and which we have been writing about in recent days, may be nearing its end.
Let’s remind that the forecast for an increase in volatility does not provide the ability to predict the price direction. Only that the price will begin to behave much more actively. To predict the price direction, it is necessary to analyze the chart of stablecoin dominance and the charts of the assets themselves.
Let’s remind that on these charts we mark the days of potential reversal with vertical lines. Those marked with a dashed line in history are unfulfilled reversal predictions. Solid lines indicate fulfilled predictions or predictions whose fulfillment is still ahead.
The increase in volatility actively occurred from January 29 to February 7, and we all remember what happened in that period in the market. From February 7 until today, the indices have been decreasing. However, according to our forecast today, the decline is coming to an end. We will be waiting for the reversal of the indices today or tomorrow.
In general, for both indices, the window for reversal is February 15-17. This means that the decrease in BTC price volatility, which has been ongoing since February 6 and which we have been writing about in recent days, may be nearing its end.
Let’s remind that the forecast for an increase in volatility does not provide the ability to predict the price direction. Only that the price will begin to behave much more actively. To predict the price direction, it is necessary to analyze the chart of stablecoin dominance and the charts of the assets themselves.
Mike Saylor (Strategy) and Tom Lee (BitMine) continue to buy BTC and ETH respectively
Mike Saylor (Strategy) and Tom Lee (BitMine) continue to buy BTC and ETH respectively.
#Strategy bought a significant amount last week - 2,486 #BTC for approximately 168.33-168.4 million $. At a price of about 67,710$ per coin (as indicated by the submitted Form 8-K report).
As of February 16, 2026, #Strategy has a balance of 717,133 BTC, total purchases amounting to approximately 54.546 billion $, average purchase price - about 76,062$ per #BTC.
#Strategy bought a significant amount last week - 2,486 #BTC for approximately 168.33-168.4 million $. At a price of about 67,710$ per coin (as indicated by the submitted Form 8-K report).
As of February 16, 2026, #Strategy has a balance of 717,133 BTC, total purchases amounting to approximately 54.546 billion $, average purchase price - about 76,062$ per #BTC.
BTC has impulsively returned to a stable downtrend on the 3-hour time frame, breaking downwards from the "Triangle"
BTC has impulsively returned to a stable downtrend on the 3-hour time frame, breaking downwards from the local "Triangle". Yesterday, we wrote about a larger "Bearish Pennant" that is forming from the low of the dump on February 6. We mentioned that its full target is actually below $40,000, but we do not seriously consider a move there without an adequate bounce from the current oversold conditions.
February 17 marks the celebration of the Chinese New Year, and there is a reason to remember how it affects BTC
Today, February 17, the celebration of the Chinese New Year begins, and there is a reason to remember how it affects BTC. According to the Chinese calendar, the year 4723 will begin. Traditionally, the celebration lasts for two weeks, so it will only end on March 3.
In 2024, the start of the holiday fell on January 22, and then analysts from #Matrixport published statistics showing that if you buy #BTC on the first day of the Chinese New Year and sell it 10 days later (last year - February 1), you can earn an average of 9%. The statistics have been calculated since 2015, and over 8 years there has been no losing instance. As a result, in the year before last, the scheme also worked out, giving +6.5%. So, over 9 years, there has been no losing instance, including during bear markets.
In 2024, the start of the holiday fell on January 22, and then analysts from #Matrixport published statistics showing that if you buy #BTC on the first day of the Chinese New Year and sell it 10 days later (last year - February 1), you can earn an average of 9%. The statistics have been calculated since 2015, and over 8 years there has been no losing instance. As a result, in the year before last, the scheme also worked out, giving +6.5%. So, over 9 years, there has been no losing instance, including during bear markets.
CryptoQuant: Liquidity is not leaving the crypto market, it is concentrating on Binance.
According to #CryptoQuant, the TOP crypto exchange holds about 47.5 billion $ in stablecoins #USDT and #USDC, and this is approximately 65% of all stablecoin reserves on centralized exchanges.
Meanwhile, crypto journalist Colin Wu summarizes the exchange activity for January 2026 (month over month):
Spot - the total volume on major platforms increased by about 10% compared to December 2025.
Derivatives - the total volume increased by about 0.5%;
Binance showed a growth in spot of +12.1% and in derivatives of +0.7%. Not the leader in growth for January, but still powerful in absolute numbers. Holds more than 1/3 of both the spot market and the derivatives market.
A giant on which all trading of crypto assets depends.
According to #CryptoQuant, the TOP crypto exchange holds about 47.5 billion $ in stablecoins #USDT and #USDC, and this is approximately 65% of all stablecoin reserves on centralized exchanges.
Meanwhile, crypto journalist Colin Wu summarizes the exchange activity for January 2026 (month over month):
Spot - the total volume on major platforms increased by about 10% compared to December 2025.
Derivatives - the total volume increased by about 0.5%;
Binance showed a growth in spot of +12.1% and in derivatives of +0.7%. Not the leader in growth for January, but still powerful in absolute numbers. Holds more than 1/3 of both the spot market and the derivatives market.
A giant on which all trading of crypto assets depends.
Glassnode: "diamond hands" for BTC "cracked", and the buyback - so far is weak.
Glassnode: "diamond hands" for BTC "cracked", and the buyback - so far is weak.
Analysts #Glassnode are noting an unpleasant combination for bulls: long-term holders (LTH) have started to realize losses for the first time in a long while, and demand during the pullback appears weaker than in past stress episodes.
The metrics indicate that LTH-SOPR (7d EMA) has fallen below 1. This means that long-term holders are, on average, selling "at a loss". This is a rare change in behavior, as such shifts typically occur at deeper stages of a bear market when patience runs out and capitulation logic kicks in. By the way, this resonates with the signals from our indicator, which shows that on the 2-week timeframe, BTC has reached oversold levels similar to the bottom of the previous cycle.
Analysts #Glassnode are noting an unpleasant combination for bulls: long-term holders (LTH) have started to realize losses for the first time in a long while, and demand during the pullback appears weaker than in past stress episodes.
The metrics indicate that LTH-SOPR (7d EMA) has fallen below 1. This means that long-term holders are, on average, selling "at a loss". This is a rare change in behavior, as such shifts typically occur at deeper stages of a bear market when patience runs out and capitulation logic kicks in. By the way, this resonates with the signals from our indicator, which shows that on the 2-week timeframe, BTC has reached oversold levels similar to the bottom of the previous cycle.
Matrixport: Is the sentiment for BTC forming a stable bottom at extremely low levels?
The chart shows that the sentiment for #BTC has plunged into a zone of extreme fear - the market is in "everything is lost" mode, which historically often coincides with periods when sellers are already exhausted.
Analysts at #Matrixport note that a stable bottom has more often appeared when the 21-day moving average of the sentiment indicator fell below zero and then turned upwards. Such a reversal is read as a signal that selling pressure is waning and the market is beginning to stabilize.
At the same time, analysts make a fair caveat - the price may still drop lower in the coming weeks, but such "depressive" sentiment values have historically provided the best entry points in terms of risk/potential. Caution is still needed, but the current environment increasingly compels one to focus and prepare for conditions that typically precede a significant rebound.
The chart shows that the sentiment for #BTC has plunged into a zone of extreme fear - the market is in "everything is lost" mode, which historically often coincides with periods when sellers are already exhausted.
Analysts at #Matrixport note that a stable bottom has more often appeared when the 21-day moving average of the sentiment indicator fell below zero and then turned upwards. Such a reversal is read as a signal that selling pressure is waning and the market is beginning to stabilize.
At the same time, analysts make a fair caveat - the price may still drop lower in the coming weeks, but such "depressive" sentiment values have historically provided the best entry points in terms of risk/potential. Caution is still needed, but the current environment increasingly compels one to focus and prepare for conditions that typically precede a significant rebound.
The situation with BTC since yesterday for bullish speculators has not improved. The uptrend on the 3-hour timeframe is still maintained, but just like last night - the situation is very shaky.
After yesterday's low at 67 300$ , the rise lasted 12 hours and at the peak, the price reached 69 241$ this morning. However, after that, the price has been declining for 8 hours and is currently not showing any signals for growth. There is a local trend from the high of 69 241$ , and until it is broken - there are no even local attempts at a reversal.
In the coming hours, we expect the start of another attempt to rise; there is already a second mark of potential low on the hourly timeframe. And in 5 minutes, there will be a third.
For the reversal from the current levels, the most concerning aspect is that in this uncertainty, the price is consolidating below the trend resistance at the lows of February 6 and 12.
Currently, the price is maintaining a stable downtrend on the hourly timeframe - it is heading towards the basic targets of 66 869$ and 66 273$. The nearest liquidity zone on this timeframe is 66 885-67 245$. If the price reaches these levels and updates yesterday's low - to preserve the uptrend on the 3-hour timeframe, it will need to reverse quickly, making just a spike at these levels. Otherwise - it will break the uptrend on the 3-hour timeframe and the priority for us in speculation will be movement downwards.
After yesterday's low at 67 300$ , the rise lasted 12 hours and at the peak, the price reached 69 241$ this morning. However, after that, the price has been declining for 8 hours and is currently not showing any signals for growth. There is a local trend from the high of 69 241$ , and until it is broken - there are no even local attempts at a reversal.
In the coming hours, we expect the start of another attempt to rise; there is already a second mark of potential low on the hourly timeframe. And in 5 minutes, there will be a third.
For the reversal from the current levels, the most concerning aspect is that in this uncertainty, the price is consolidating below the trend resistance at the lows of February 6 and 12.
Currently, the price is maintaining a stable downtrend on the hourly timeframe - it is heading towards the basic targets of 66 869$ and 66 273$. The nearest liquidity zone on this timeframe is 66 885-67 245$. If the price reaches these levels and updates yesterday's low - to preserve the uptrend on the 3-hour timeframe, it will need to reverse quickly, making just a spike at these levels. Otherwise - it will break the uptrend on the 3-hour timeframe and the priority for us in speculation will be movement downwards.
CryptoQuant: ETH shows accumulation at the highest speed in history.
According to the chart from #CryptoQuant, it can be seen that at the end of 2025 and the beginning of 2026, inflows reached record levels. Long-term holders are increasing their position accumulation.
Liquid supply is leaving the market, and less #ETH is floating around for "quick sale." IF simultaneously the flows into ETF funds start to improve and the backdrop from the US Federal Reserve's interest rates and other macroeconomic data softens - this could become a foundation for ETH's recovery in growth.
At the same time, let's remind you that yesterday CryptoQuant recorded a sharp increase in demand for #BTC from so-called accumulation addresses. So there is talk of a trend in the top assets of the crypto market.
According to the chart from #CryptoQuant, it can be seen that at the end of 2025 and the beginning of 2026, inflows reached record levels. Long-term holders are increasing their position accumulation.
Liquid supply is leaving the market, and less #ETH is floating around for "quick sale." IF simultaneously the flows into ETF funds start to improve and the backdrop from the US Federal Reserve's interest rates and other macroeconomic data softens - this could become a foundation for ETH's recovery in growth.
At the same time, let's remind you that yesterday CryptoQuant recorded a sharp increase in demand for #BTC from so-called accumulation addresses. So there is talk of a trend in the top assets of the crypto market.
BTC has maintained a sustainable uptrend on the 3-hour timeframe, and therefore we remain in a long position.
BTC has maintained a sustainable uptrend on the 3-hour timeframe, and therefore we remain in a long position.
Although the situation for bulls is still holding, forgive me ladies, it's "by a thread". They have not yet returned to an uptrend even on the 5-minute timeframe.
What is interesting - altcoins continue to hold stronger than #BTC at the moment. The new report from P73 CryptoMarket Monitor confirms this. There are no new sustainable downtrends on the hourly timeframe. For example, on the 2-hour timeframe, 5 assets from the TOP-200 have transitioned to a sustainable uptrend, including a player from the TOP-10 like #TRX. Meanwhile, let's remind that #BTC still cannot return to a sustainable uptrend even on the hourly timeframe. But the key point, we emphasize once again - the uptrend on the 3-hour timeframe has held, and we remain in position. Although a finger was already hovering over the "close position" button.
Although the situation for bulls is still holding, forgive me ladies, it's "by a thread". They have not yet returned to an uptrend even on the 5-minute timeframe.
What is interesting - altcoins continue to hold stronger than #BTC at the moment. The new report from P73 CryptoMarket Monitor confirms this. There are no new sustainable downtrends on the hourly timeframe. For example, on the 2-hour timeframe, 5 assets from the TOP-200 have transitioned to a sustainable uptrend, including a player from the TOP-10 like #TRX. Meanwhile, let's remind that #BTC still cannot return to a sustainable uptrend even on the hourly timeframe. But the key point, we emphasize once again - the uptrend on the 3-hour timeframe has held, and we remain in position. Although a finger was already hovering over the "close position" button.
List of token and coin unlocks for the current week, February 16-22, 2026. Summary information from #Cryptorank and #Dropstab.
Among the most notable: ESPORTS, ZRO, KAITO, SKR.
Total from significant share of supply/capitalization and/or amounts:
- #ASTER. On February 17, 0.98% of the total supply worth $56.17 million will be unlocked. This is 3.19% of the capitalization/circulating supply.
❗️- #ESPORTS. On February 19, 4.19% of the total supply worth $14.53 million will be unlocked. This is 24.9% of the capitalization/circulating supply.
❗️- #ZRO. On February 20, 2.47% of the total supply worth $41.13 million will be unlocked. This is 10.3% of the capitalization/circulating supply.
❗️- #KAITO. On February 20, 3.26% of the total supply worth $10.11 million will be unlocked. This is 13.5% of the capitalization/circulating supply.
❗️- #SKR. On February 21, 6.25% of the total supply worth $13.07 million will be unlocked. This is 10.96% of the capitalization/circulating supply.
From the insignificant among the TOP-300 crypto assets by capitalization: #STBL, #PENGU, #APE, #ARB, #ZK, #MERL, #BARD, #RIVER, #0G. Full list (not only TOP-300) is in the screenshots. As always, for the tokens of interest, one needs to look separately - who exactly and in what proportion receives the unlocks.
Among the most notable: ESPORTS, ZRO, KAITO, SKR.
Total from significant share of supply/capitalization and/or amounts:
- #ASTER. On February 17, 0.98% of the total supply worth $56.17 million will be unlocked. This is 3.19% of the capitalization/circulating supply.
❗️- #ESPORTS. On February 19, 4.19% of the total supply worth $14.53 million will be unlocked. This is 24.9% of the capitalization/circulating supply.
❗️- #ZRO. On February 20, 2.47% of the total supply worth $41.13 million will be unlocked. This is 10.3% of the capitalization/circulating supply.
❗️- #KAITO. On February 20, 3.26% of the total supply worth $10.11 million will be unlocked. This is 13.5% of the capitalization/circulating supply.
❗️- #SKR. On February 21, 6.25% of the total supply worth $13.07 million will be unlocked. This is 10.96% of the capitalization/circulating supply.
From the insignificant among the TOP-300 crypto assets by capitalization: #STBL, #PENGU, #APE, #ARB, #ZK, #MERL, #BARD, #RIVER, #0G. Full list (not only TOP-300) is in the screenshots. As always, for the tokens of interest, one needs to look separately - who exactly and in what proportion receives the unlocks.
Complete economic calendar of events from February 16-22, 2026, that may influence the cryptocurrency market.
Complete economic calendar of events from February 16-22, 2026, that may influence the cryptocurrency market.
The week is taking place against the backdrop of a holiday in the USA today (Presidents' Day) and the start of the Chinese New Year in China/Hong Kong tomorrow (but the holiday in China is already today).
By the second half of the week, the focus is clearly on the USA: on Wednesday, the minutes of the last FOMC meeting will be published, and on Friday, a block of key data (personal consumption expenditures index + GDP revision). This will directly impact expectations for the FOMC rate and the dynamics of the US Dollar Index DXY. If there are soft inflation signals - this supports risk assets. Hard signals - risk of a decline. Plus, on Friday - a study from the University of Michigan. In summary, the key days of the week are Wednesday and Friday.
The week is taking place against the backdrop of a holiday in the USA today (Presidents' Day) and the start of the Chinese New Year in China/Hong Kong tomorrow (but the holiday in China is already today).
By the second half of the week, the focus is clearly on the USA: on Wednesday, the minutes of the last FOMC meeting will be published, and on Friday, a block of key data (personal consumption expenditures index + GDP revision). This will directly impact expectations for the FOMC rate and the dynamics of the US Dollar Index DXY. If there are soft inflation signals - this supports risk assets. Hard signals - risk of a decline. Plus, on Friday - a study from the University of Michigan. In summary, the key days of the week are Wednesday and Friday.
The stable uptrend for BTC on the hourly timeframe has broken, not even reaching the nearest basic target.
The stable uptrend for BTC on the hourly timeframe has broken, not even reaching the basic target. It turned out to be false, although in the market this uptrend signal was far from the only one (37 assets from the TOP-200).
Interestingly, ETH has maintained a stable uptrend on the hourly timeframe.
In this hour, only two assets have shown a return to a stable downtrend on the hourly timeframe - BTC and BAT. So this is currently a pronounced weakness specifically for Bitcoin. But if Bitcoin pulls the price down - then this is a temporary success.
Interestingly, ETH has maintained a stable uptrend on the hourly timeframe.
In this hour, only two assets have shown a return to a stable downtrend on the hourly timeframe - BTC and BAT. So this is currently a pronounced weakness specifically for Bitcoin. But if Bitcoin pulls the price down - then this is a temporary success.
CryptoQuant records a sharp increase in demand for BTC from so-called accumulation addresses. That is, wallets that have no outflows. According to their estimates:
- The current monthly accumulation is about 372,000 BTC.
- For comparison: in September 2024 (before the first surge of BTC to $100,000), the average was about 10,000 BTC. 37 times less.
- Importantly, the sample excludes known exchange and miner addresses, and no outflows are observed from these addresses.
As a result, we have a strong signal of structural demand. Ideally, support for the price from below is strengthening. However, looking at the current chart, it's hard to believe in it.
True, volatility may increase. The less liquid supply there is, the sharper the movements up/down can be during news impulses. So here it's a "double-edged sword." BUT the very fact of accumulation, especially at such a pace - is undoubtedly a positive signal.
- The current monthly accumulation is about 372,000 BTC.
- For comparison: in September 2024 (before the first surge of BTC to $100,000), the average was about 10,000 BTC. 37 times less.
- Importantly, the sample excludes known exchange and miner addresses, and no outflows are observed from these addresses.
As a result, we have a strong signal of structural demand. Ideally, support for the price from below is strengthening. However, looking at the current chart, it's hard to believe in it.
True, volatility may increase. The less liquid supply there is, the sharper the movements up/down can be during news impulses. So here it's a "double-edged sword." BUT the very fact of accumulation, especially at such a pace - is undoubtedly a positive signal.
Matrixport: BTC shows increasing signs of a bear market, but "opportunities remain."
Matrixport: BTC shows increasing signs of a bear market, but "opportunities remain."
The chart from the new #Matrixport report shows the 30-day rate of price change for #BTC (that is, how much BTC has risen or fallen in the last 30 days).
And analysts emphasize several points in their report:
The chart from the new #Matrixport report shows the 30-day rate of price change for #BTC (that is, how much BTC has risen or fallen in the last 30 days).
And analysts emphasize several points in their report:
ETH on Sunday showed itself much worse than BTC. While the main cryptocurrency is currently holding a stable uptrend on both the 3-hour and 4-hour time frames (and also, by the way, on the 5-hour time frame), Ethereum has broken its uptrends on the 3-hour and 4-hour time frames. Leaving an uptrend only on the 5-hour time frame, but even there everything is at the level of a potential breakdown at 1,957$.
The basic and additional targets, as well as the nearest liquidity zones for #ETH on the 3-hour and 4-hour time frames, are indicated in the screenshots.
Such weakness in ETH is what confuses the most in the current situation. Because this could be a "spoiler" for the breakdown of uptrends in #BTC as well. But the first cryptocurrency is first for a reason, as it is the main one. Therefore, as long as there is no breakdown of the trend on the 3-hour time frame for BTC - the expectation of growth remains strong.
Especially since, as mentioned over the weekend, 41 assets from the TOP-200 have transitioned into a stable uptrend on the 12-hour time frame. This had not been seen for most of them since mid-January, when the market was in the growth phase of November-January. This is a non-obvious trend from the weekend, the strength of altcoins, which few paid attention to. Trends may turn out to be false. But the fact remains - 1/5 of the altcoins from the TOP-200 showed strength this weekend that they have not shown since mid-January.
The basic and additional targets, as well as the nearest liquidity zones for #ETH on the 3-hour and 4-hour time frames, are indicated in the screenshots.
Such weakness in ETH is what confuses the most in the current situation. Because this could be a "spoiler" for the breakdown of uptrends in #BTC as well. But the first cryptocurrency is first for a reason, as it is the main one. Therefore, as long as there is no breakdown of the trend on the 3-hour time frame for BTC - the expectation of growth remains strong.
Especially since, as mentioned over the weekend, 41 assets from the TOP-200 have transitioned into a stable uptrend on the 12-hour time frame. This had not been seen for most of them since mid-January, when the market was in the growth phase of November-January. This is a non-obvious trend from the weekend, the strength of altcoins, which few paid attention to. Trends may turn out to be false. But the fact remains - 1/5 of the altcoins from the TOP-200 showed strength this weekend that they have not shown since mid-January.
Futures trading on BTC at the Chicago Mercantile Exchange (CME) has resumed with a minimal gap that was immediately closed. The range was only $68,980-69,020. Since Sunday morning, the outlook was distant, but the decline throughout the day brought the price into this range and even lower.
Currently, the picture regarding gaps looks like this:
The nearest gap above:
- $79,625-83,980.
- $92,940-93,060.
The nearest gaps below:
- $65,840-65,970,
- $53,595-54,550.
To maintain the bullish trend, BTC bulls need to seize the initiative and not let the price drop below the current low at $68,000. Although on the 3-hour timeframe, the potential breakdown level is at 66 361$ - in fact, this time the trend change may happen earlier. The price is forming a triangle with a trend line at the lows of February 6 and 12, and moving down from it is not allowed for the bullish scenario. Currently, this trend line is at $67,735. This could overshadow the bullish signals that were present in the market over the weekend and that were written about.
Volatility after the dump on February 6 is decreasing day by day, and the asset seems to be preparing for a new impulsive movement.
Currently, the picture regarding gaps looks like this:
The nearest gap above:
- $79,625-83,980.
- $92,940-93,060.
The nearest gaps below:
- $65,840-65,970,
- $53,595-54,550.
To maintain the bullish trend, BTC bulls need to seize the initiative and not let the price drop below the current low at $68,000. Although on the 3-hour timeframe, the potential breakdown level is at 66 361$ - in fact, this time the trend change may happen earlier. The price is forming a triangle with a trend line at the lows of February 6 and 12, and moving down from it is not allowed for the bullish scenario. Currently, this trend line is at $67,735. This could overshadow the bullish signals that were present in the market over the weekend and that were written about.
Volatility after the dump on February 6 is decreasing day by day, and the asset seems to be preparing for a new impulsive movement.
BTC below 70 000$ and overall - on Sunday we see a decline in the market. But for the bears, it's still too early to rejoice and expect the continuation of the celebration.
Our P73 CryptoMarket Monitor predicted this drop at the beginning of the day, in the report shown in the first screenshot.
Let us remind you that yesterday 22 assets from the TOP-200 transitioned to a stable uptrend on the important 12-hour timeframe. For today - another 14 assets at night and 5 assets at lunch. However, as seen in the screenshot, 55 assets showed signs of potential highs on the 12-hour timeframe. Therefore, a correction was highly probable and here it is on the charts.
Remember that trends are more important than signals. For yesterday and today, 41 assets from the TOP-200 transitioned to a stable uptrend on the 12-hour timeframe. Even without #BTC and #ETH. But from the TOP-10 list, #ADA, #DOGE, #TRX are already present.
A correction was anticipated, and the addition to our long position in BTC at the level of potential breakdown of the uptrend on the 3-hour timeframe, 66 361$, - remains valid, the order stays active.
Our P73 CryptoMarket Monitor predicted this drop at the beginning of the day, in the report shown in the first screenshot.
Let us remind you that yesterday 22 assets from the TOP-200 transitioned to a stable uptrend on the important 12-hour timeframe. For today - another 14 assets at night and 5 assets at lunch. However, as seen in the screenshot, 55 assets showed signs of potential highs on the 12-hour timeframe. Therefore, a correction was highly probable and here it is on the charts.
Remember that trends are more important than signals. For yesterday and today, 41 assets from the TOP-200 transitioned to a stable uptrend on the 12-hour timeframe. Even without #BTC and #ETH. But from the TOP-10 list, #ADA, #DOGE, #TRX are already present.
A correction was anticipated, and the addition to our long position in BTC at the level of potential breakdown of the uptrend on the 3-hour timeframe, 66 361$, - remains valid, the order stays active.
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