Bitcoin Technical Analysis Report – 23rd February 2026

Bitcoin eased back toward the $67,000 level in Sunday trading as renewed trade tensions weighed on broader risk sentiment. BTC was hovering around $67,526, down 1.4% over the past 24 hours and roughly 2.1% on the week, as investors reassessed macro risks. The decline followed Donald Trump’s move to lift global tariffs to 15% from 10%, even after a recent U.S. Supreme Court ruling struck down earlier emergency trade measures. The combination of policy escalation and legal uncertainty has added fresh ambiguity to markets, tempering risk appetite and keeping crypto prices under pressure. 

At the time of writing, BTC was trading at $64,951.

BTC, after making the all-time high of $126,199, started trading in a downtrend. The price plunged by almost 36% and dropped to $80,600. Post this move, the asset started consolidating and was trading in a range from $84,000 to $95,000. BTC finally gave a breakout below the range and made a recent low of $60,000. The asset bounced from the support of $60,000 and gave a relief rally up to $72,270. However, the bulls failed to provide a follow-through rally. Currently, it is trading in a range from $65,000 to $72,000. BTC has a strong support zone from $65,000 to $60,000, whereas $75,000 and $80,000 will act as strong resistance for the asset.

Key Levels

Support 2Support 1AssetResistance 1Resistance 2.
$60,000$65,000BTC$75,000$80,000

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