Bitcoin, Altcoin Gains Hold But Top Sellers Enforce The Range Ceiling
The post Bitcoin, Altcoin Gains Hold But Top Sellers Enforce The Range Ceiling appeared on BitcoinEthereumNews.com.
Key points: Bitcoin bulls are struggling to sustain the intraday rallies, indicating that every minor rise is being sold into. Select major altcoins are showing weakness, signaling a drop to their strong support levels. Bitcoin (BTC) bulls pushed the price above $68,300 but are struggling to maintain the higher levels. BTC is likely to record its fifth consecutive red monthly candle in the absence of a major rally in the next few days. That is the longest losing streak since 2018/19 when BTC fell for six successive months. A minor positive for the bulls is that the losing streak in 2018/19 was followed by a 131.6% rally over the following five months, per CoinGlass data. Another indicator signaling a possible rally to the upside is the Bollinger Bands. According to crypto analyst Dorkchicken, the monthly Bollinger Bands are at their “tightest” level on record. All previous such instances have resulted in a bullish breakout, except the breakdown to $16,000 from $20,000 in 2022. Crypto market data daily view. Source: TradingView Although signs point to a possible up move, traders should keep a close watch on BTC exchange-traded funds (ETFs) flows to gauge institutional activity. US spot BTC ETFs have recorded $403.9 million in net outflows this week, according to SoSoValue data. Unless Friday witnesses sharp inflows, reversing losses of the past three days, the ETFs are on track for a five-week outflow streak. A sustained recovery may be difficult without institutional participation. Could buyers push BTC and select major altcoins above their overhead resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price prediction BTC bulls have maintained the price above the immediate support at $65,118, indicating demand at lower levels. BTC/USDT daily chart. Source: Cointelegraph/TradingView Buyers will have to push the Bitcoin price…
Filed under: News - @ February 21, 2026 4:26 am