As of February 13, 2026, Bitcoin is navigating a significant bearish corrective phase. After reaching an all-time high of approximately $126,272 in October 2025, the price has retraced more than 45%, currently trading near $66,500.
1. Past Analysis (2024–2025)
The last two years were marked by extreme volatility and institutional maturation:
Bullish Run (Late 2024 - Oct 2025): Driven by massive spot ETF inflows, the 2024 halving, and a pro-crypto U.S. political shift, Bitcoin surged from the mid-$80,000s to its peak of $126,272 on October 6, 2025.
Correction Phase (Nov 2025 - Early 2026): Macroeconomic tightening and a lack of fresh catalysts triggered a "liquidation cascade". By January 2026, BTC slipped below major moving averages (20, 50, 100, and 200-day SMAs), confirming a shift in market structure from bullish to bearish.
2. Current Trading Setup (February 2026)
Traders should monitor these technical barriers:
Support Levels: Critical support sits at $64,000, with a deeper "liquidity pocket" below $60,000.
Resistance Levels: Immediate intraday resistance is clustered between $68,000 and $71,000. A sustained move above $92,000 is required to signal a trend reversal.
Indicators: The Relative Strength Index (RSI) is currently near 31 (lower-neutral), suggesting the asset is nearing oversold territory but has not yet confirmed a bottom.
Trader's Note: The market is currently in a "wait-and-see" mode. While long-term fundamentals remain strong due to limited supply and corporate treasury adoption, the short-term trend remains bearish until key moving averages are reclaimed.
Would you like a detailed breakdown of the RSI bullish divergence signals or the specific ETF inflow data for this month?
