FX.co ★ Sud | #Bitcoin chart analysis

Analyzing the weekly and daily technical structures for Bitcoin (BTC/USD) as of Wednesday, February 25, 2026, reveals a market caught in a high-stakes tug-of-war. The primary architecture remains a dominant descending channel that formed following the October 2025 peak of approximately $126,000. While the long-term ascending structure from 2023 provides a historical backdrop, the current "structural reset" is testing the resolve of even the most seasoned market participants. Weekly Structure: The $60,000 "Lifeline" The most critical feature on the weekly chart is the $60,000 psychological support. This level has transformed into a definitive "line in the sand." Historical Bounce: The recent defense of this zone confirms it as a primary demand area. Short sellers entering here face high risk, as buyers have historically treated this level as a "value zone" for a structural reset rather than a capitulation point. The Bear Case: Should a weekly candle close decisively below $60,000, the structural damage would be severe. In such a scenario, the descending channel targets an acceleration toward the $55,000 mark, which aligns with the lower boundary of the larger macro channel and the 200-week moving average. Momentum Shift: Currently, momentum leans toward "gradual distribution." The lack of aggressive whale accumulation suggests that while the floor is holding, the fuel for a sustained uptrend—such as a major macroeconomic inflow or a Dovish Fed pivot—is currently absent. Daily and 4-Hour Analysis: Intraday Friction On shorter timeframes, Bitcoin is navigating a sideways wedge pattern trapped within the broader downtrend. Tactical Pivot: The level around $67,700 is acting as a magnetic pivot point. Trading below this level targets immediate support at $67,569 and $67,485. Deeper intraday cushions reside at $66,986 and $66,897, levels that would serve as the final checkpoints before a retest of the $65,000 local floor. Overhead Supply: Buyers are finding the $69,500 to $70,700 range to be a "brick wall." Repeated failures to sustain price action above $71,000 suggest that recent upward moves are corrective—essentially "relief rallies" within a bear cycle—rather than a new impulsive bull leg. The Accumulation Gap: On-chain data indicates that "whales" have yet to show the significant wallet growth required for a trend reversal. Instead, the current sideways chop appears to be a phase of portfolio diversification and risk management by institutional players rather than aggressive bottom-fishing. Strategic Outlook: Until buyers can reclaim the $71,000 level with significant volume and stabilize above the $76,000 handle, the technical bias remains bearish. The high probability remains a drift back toward the $60,000 support as the market seeks a definitive bottom.