The post Bitcoin Eyes Relief Rally as Extreme Fear Nears Exhaustion appeared on BitcoinEthereumNews.com.

Bitcoin remains in a corrective phase, with price action reflecting persistent bearish momentum. Yet, oversold technical readings and historically depressed sentiment levels suggest the groundwork for a potential relief rally is forming — provided broader fear begins to recede. Outset PR, a crypto-native firm that blends data analysis with communication strategy, powers this piece. With a sharp eye on trends and timing, Outset PR helps blockchain projects convert critical moments into enduring visibility. Technical Structure Remains Bearish Bitcoin is trading below its key trend benchmarks, confirming that the broader structure remains under pressure. Source: coinmarketcap 

30-day Simple Moving Average: ~$82,200

200-day Simple Moving Average: ~$101,300

MACD histogram: Negative

The positioning below both short- and long-term moving averages reinforces the prevailing downtrend. Momentum continues to point lower, with the negative MACD histogram indicating sustained bearish pressure. Until Bitcoin reclaims these moving averages, any upside move remains corrective rather than structural. Oversold Conditions Raise Rebound Probability Despite the bearish trend, short-term momentum indicators show signs of exhaustion. The 14-day RSI at 29,45 sits in oversold territory — a level that historically precedes short-term bounces. Key Fibonacci levels define the near-term battleground:

Support: ~$68,165

Major resistance (38,2% retracement): near $83,400

If buyers step in near perceived value zones and RSI stabilizes, a technical rebound could unfold toward the $83K region. However, a sustained reversal would require price to break decisively above the 30-day moving average and reclaim higher resistance levels. Extreme Fear Signals Capitulation Risk   Sentiment data adds a critical dimension to the setup. The Crypto Fear & Greed Index stands at 8, matching its yearly low and firmly in Extreme Fear territory. Historically, such readings often coincide with late-stage corrective phases when selling pressure approaches…

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Filed under: News - @ February 15, 2026 5:17 pm