The post Bitcoin Price Analysis: How Important Is It for BTC to Reclaim the $70K Resistance? appeared on BitcoinEthereumNews.com.

Bitcoin’s recent breakdown toward the $60K region triggered aggressive volatility, and the asset is now attempting to stabilize near a key demand base. Both higher- and lower-timeframe indicators suggest the market is approaching a decision point, with leverage dynamics adding another layer of sensitivity. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin continues to trade within a well-defined descending channel, consistently forming lower highs and lower lows. The recent sell-off drove price directly into the $60K–$63K demand zone, where buyers reacted and prevented an immediate continuation lower. However, the broader structure remains bearish. The price is still below the 100-day and 200-day moving averages, both of which are sloping downward and acting as dynamic resistance. The $75K–$80K region now stands as a significant supply zone, aligning with prior breakdown structure and acting as the first major obstacle in case of a recovery. As long as BTC remains capped below the mid-channel resistance and the moving averages, any rebound should be considered corrective. A sustained hold above the $60K base is critical; otherwise, renewed selling pressure could push the price toward deeper levels within the channel. BTC/USDT 4-Hour Chart On the 4-hour timeframe, Bitcoin is consolidating inside a tightening symmetrical triangle following the sharp rebound from the $60K low. The structure reflects short-term equilibrium after extreme volatility, with the upper boundary acting as dynamic resistance and the ascending lower trendline providing near-term support. The asset is currently compressing near the apex, signaling that a breakout is likely imminent. A bullish breakout above the triangle could trigger a move toward the $74K–$76K resistance zone, which aligns with the previous breakdown area and local supply. On the other hand, a downside break would expose the $60K demand region once again and potentially open the door for a deeper liquidity sweep.…

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Filed under: News - @ February 21, 2026 1:27 pm