As of Sunday, February 22, 2026, Bitcoin is trading at approximately $68,000, showing a slight daily gain of 0.34%. The market is currently in a "relief rebound" phase following a volatile period where prices fell from an October 2025 high of $126,000. Despite recent stability, the market sentiment remains in "Extreme Fear" (index at 9), reflecting retail panic even as institutional accumulation continues through spot ETFs.
Bybit
Bybit
+4
1 BTC equals
Rs 19,015,799.27
As of 22 Feb, 9:35 am GMT+5 • Disclaimer
2 Feb 2026 - 22 Feb 2026
Technical Analysis & Key Levels
The short-term chart structure shows signs of a "bearish pennant" or symmetrical triangle, suggesting a major breakout or breakdown is imminent.
Resistance Levels:
$69,000 – $71,000: The immediate hurdle; a breakthrough here is needed to shift short-term momentum to bullish.
$72,390: Acts as a near-term ceiling (15-period Moving Average).
$84,117: Major resistance aligned with the 50-period SMA; clearing this would signal a true trend reversal.
Support Levels:
$65,000: A psychological floor that has recently seen active buying interest.
$60,000: The "line in the sand"; a drop below this could trigger a deeper correction toward $50,000.
Market Dynamics & Catalysts
Institutional Flows: On February 20, 2026, spot Bitcoin ETFs saw a rebound with $88M in net inflows, primarily led by BlackRock and Fidelity.
Macro Environment: Global markets are reacting to a hawkish Federal Reserve stance and a February 20 Supreme Court tariff ruling, which is being viewed as a potential macro tailwind.
Volatility Drivers: The current downturn is described as an "orderly deleveraging," with futures open interest dropping by over 20% to shed excess speculative heat.
Future Outlook
While the immediate outlook for late February 2026 remains neutral-to-bearish with a likely range between $64,000 and $75,000, many analysts maintain a bullish medium-term outlook, with some Wall Street firms still targeting $150,000 by the end of the year.
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