As of 8 a.m. on Saturday, Bitcoin is trading within the range of $67,974 to $68,138 per coin. It boasts a market capitalization of approximately $1.35 trillion and has recorded a trading volume of $46.99 billion over the past 24 hours, with an intraday fluctuation between $66,585 and $68,236. The leading cryptocurrency is currently positioned just below a significant resistance zone; technical indicators suggest that this period of indecision may soon come to an end.
Bitcoin Chart Analysis
In the daily chart analysis, Bitcoin continues its corrective phase initiated by the drop from around $97,900 down to a low of about $59,930. The recovery into the high-$60k range has stabilized price movements; however, it remains constrained beneath the clearly defined supply area between $70k and $71.5k.
The primary support level is identified at approximately $59.9k to $60k while secondary support lies in the range of$65k to$66k. Until there’s a definitive daily close above$71k supported by increasing volume levels , current price action appears more like a relief rally within an overarching corrective trend rather than indicating any confirmed macro reversal.
$BTC/USD one-day chart via Bitstamp on February 21st ,2026.
The four-hour chart illustrates progressively higher lows starting from$65 .62 k which indicates short-term upward momentum . Support levels are established between$66 k and$66 .5 k while resistance clusters around$68 .8 k and69 .2 k Price consistently struggles below69 K , causing compression under resistance levels.Historically speaking , such tightening ranges often lead towards significant expansions.A breakout point is distinctly marked at70 K ; failure to maintain above67 .5 K would bring lower support bands back into focus.In summary,the market’s tension is building as it rarely stays calm for extended periods.
$BTC/USD four-hour chart via Bitstamp on February 21st ,2026.
On an hourly basis,Bitcoin shows tight consolidation ranging from67 .5 Kto68 .8K Immediate support rests at67..600 with local pivot occurring around68K Resistance sits firmly between68..800and69K Volume appears diminishing,candlestick sizes shrink,and volatility contracts — all classic signs preceding expansion.A breach through this micro-range could trigger moves upwards by1Kto1..500 In essence,this represents tranquility before potential upheaval rather than traders simply taking time off.
${ BTC } / USD one – hour chart via Bitstamp on February21 st ,2026 .
Momentum indicators display neutral-to-positive short-term conditions.The relative strength index (RSI) stands at37 ;the Stochastic oscillator reads47 ;while commodity channel index (CCI) registers negative42—all classified as neutral.The average directional index(ADX)at58 indicates trend strength but lacks directional bias.
The Awesome oscillator prints negative9297—also categorized as neutral.Notably,momentum reading stands at991 along with moving average convergence divergence(MACD )level showing negative4012 —both reflecting positive data.This divergence observed between compressed prices versus stabilizing momentum increases likelihood for imminent volatility expansion.
Moving averages reveal broader corrective context.Exponential moving average(EMA)(10)at68289 signals downside pressure whereas simple moving average(SMA)(10 )around67926 offers slight short-term backing.Nonetheless EMA(20)at70946,SMA(20 )near69268,and EMA(30 )at73813 alongside SMA (30 ) hovering near74708 indicate robust overhead resistances.
Long-term trends remain pressured according EMA (50),SMA (50),EMA (100 ),SMA(100 ),EMA(200 ),and SMA (200 ).Until prices decisively reclaim corridor spanning69000-71000 macro technical posture remains corrective despite positive indications emerging in shorter timeframe structures.
Bullish Outlook:
If Bitcoin manages to reclaim and secure closing positions decisively above resistance corridor ranging from69 ..000-71 ..000—especially coupled with increased volumes during daily timeframe—it will signify meaningful shift favoring upside continuation.A sustained movement surpassing71 ..000 would negate previous correction narrative exposing74 …75 thousand next higher-timeframe resistances.With RSI stabilizing alongside constructive MACD positioning developing higher lows in four-hour charts bullish momentum likely accelerates swiftly.In such scenarios compression resolves upwards when Bitcoin expands rarely does so quietly!
Bearish Outlook:
A failure breaching through69100-71100 followed closely losing663000 supports significantly heightens risks deeper retracement toward60000.Daily structure persists strongly correcting under pressure exerted by exponential & simple averages reinforcing macro resistances.Breakdown dropping below66000 negates ascending formations seen earlier shifting focus back capitulation lows near59990.Markets wouldn’t coil gearing up liftoff instead preparing gravity checks ahead!
Frequently Asked Questions ❓
What was Bitcoin’s price on Febuary21 st201?
Bitcoin trades roughly675974with fluctuations recorded falling667585&688236.
What key resistances exist presently?
The main resistant zones appear726900071500within elevated timelines
Where does strongest supporting lie ?
Major supports locate590006000secondarily650066000
Is current trend bullish or bearish ?
Short term structure leans positively yet overall patterns remain correctively beneath710001