Bitcoin Consolidates Above $69000 as $71000 Emerges as Key Resistance

*****Bitcoin’s price this morning at 815 a.m. m . A coinage of $69,393 per coin is Eastern time with a market cap of $1. $39 trillion and 24-hour trading volume of $38 trillion, 38 trillion – . price, and prices jumped from $68,095 to $70,220 in an intraday range of $69.045 to 29 billion. The top digital asset is just below a critical inflection point, compressing under $71,000 as momentum signals diverge over multiple time frames with tightening volatility and rising short-term volume suggesting that the market is being “coiled” ahead of ‘an important move’. *****

Bitcoin Chart Outlook

After a rejection near $97,900 and reversal to about $59,600 that led to soaring lows (the lower-level structure of the daily chart) it still shows what is considered broader downtrend structures. Price now combines $65,000 to $70,000, with $701,000 as immediate resistance and $75,000 as major resistance.

$65,000 is support, with $59,900 to $60,000 in critical structural support. However, the prevalent daily bias is negative unless price reclaims are accepted more than $71,000 to $75,000. Until then this is still an relief rally in a larger corrective stage (not confirmed reversed) – not reversal.

$BTC

/USD 1-day chart via Bitstamp on Feb. 16, 2026.

But on the four-hour chart, tone changes when is spelled. A low near $65,080 retreated to around $70,937 at a local low and then lowered about $68,000. But that sequence has shaped a short-term ascending structure, with price now trying another push toward $71,000. tactical resistance remains the $70,500 to $71,000 zone. Such a close of four hours below $67,800 would weaken this positive momentum; sustained acceptance above $71,000 would open the door toward $72,500 to $75,000. Struktur has favored continuation attempts for the past, but only in part to support s so far structure favors just one.

$BTC

/USD 4-hour chart via Bitstamp on Feb. 16, 2026.

Execution dynamics are constructive, dilling down to the one-hour chart. A low near $68,044 has been followed by gradually higher lows, with the current impulse candle pressing toward $70,000 on increasing volume. There is also an immediate resistance to $70,900 to $71,000. Minor support is $68,800, with stronger structural support near $68,000. While the price action suggests accumulation attempts, it argues that “the market is approaching a decision point” (i.e. It’s just knocking on Bitcoin – whether the door opens or a ‘lams shut’ is dependent on follow-through, it means that bitcoin is knocked down.

$BTC

/USD 1-hour chart via Bitstamp on Feb. 16, 2026.

The mixed, almost theatrical backdrop of oscillators is presented by . RSI (relative strength index) 38, the stochastic oscillator 49 and the commodity channel index (CCI) 48 all classified as neutral. Trend strength is reflected by the average directional index (ADX) at 56, which does not necessarily cause a trend bias. The awesome oscillator prints negative 12,308, neutral, and momentum is negative 871. The MACD (moving average convergence divergence) level of is negative 4,816. Shortly momentum is fragile, conviction is not exactly bursting at the seams, and in short “Cadence isn’t really going to explode.”

Daily chart Moving averages (MAs) are firmly aligned to the downside of moving average. The EMA (Elpa) =$69,831, an exponential moving average(EMA) (10) is $68,868; the EM (20) is $73,312, and the SMA (20), $76,412; its EMI (30) was $76,402 and his S MA (30). This is the case of higher time-frame pressures, which continues with the EMA (50) at $80,678, SMA (100) in $87,453; S MA (200) on $88,355 ($893,855) and SME (600) below most of these levels in order to reinforce the wider corrective structure.

This is reinforced by market psychology, which reinforces the technical landscape. This is a panic-driven liquidity sweep of $60,000, followed by’relief rally’ that now faces structural resistance near $71,000. claiming that level would be a trend-shift attempt,’ said. The rejection would reinforce continued risk of rejection on $69,000, $65,000 and possibly the $60,000 area. bitcoin sits at the crossroads for now and as always does, it will not ask permission before making its next move.

Bull Verdict:

The technical structure changes materially if bitcoin secures a confirmed four-hour close above $71,000 and maintains acceptance above that level, when it sustains the accepted status of bitcoin. That means that such a move would confirm the ascending pattern on the four-hour chart, challenge the daily lower-high sequence and open’measured path toward $72,500 to $75,000′. The average directional index (ADX) of 56, which is at the time and has been showing strong trend conditions with short-term higher lows, would be more indicative of momentum expansion than just relief.

Bear Verdict:

The broader daily downtrend is maintained by failure to reclaim $71,000 especially when rejected near $70,900 to $75,000 – even though it was not a result of rejection. A break below $68,800 weakens short-term structure, while a four-hour close under $67,800 increases downside risk toward $65,000 and possibly the $59,900 to $60,000 area. The larger corrective framework is structurally dominant unless proven otherwise, with price trading below most of exponential moving averages and simple moving Averages across key periods.

FAQ ❓

How much does bitcoin cost on Feb. * ***** ? A 24-hour range of $68,095 to $70,220 is $69,393 for 16, 2026?** bitcoin.
Today, what resistance levels are the most important for bitcoin to be a “** Immediate resistance” of $70,900 to $71,000 (with major resistance near $75,000).
The most important bitcoin support levels are * ******* Key support level is $68,800, $68,000 and $65,000 (big support $59,900 to $60,000) – with major support at $6 8,800.

• Is bitcoin an uptrend or downtrend? The daily chart structure is in a more general down trend except price reclaims and has over $71,000 to $75,000.

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