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Bitcoin maintains its medium-term downtrend on the H4 timeframe as EMA50 and EMA100 continue to exert downward pressure. Price has repeatedly failed at the $69,000–70,000 zone and is now retreating toward the $65,000 support area. A break below this level would increase the risk of a short-term retest of the $60,000 region.
On the H4 timeframe, BTCUSD continues to maintain its medium-term bearish momentum. The two key moving averages, EMA50 and EMA100, are still exerting downward pressure on price, indicating that the dominant trend remains tilted in favor of sellers.
The H4 structure remains tilted toward sellers as price continues to trade below EMA50 and EMA100. The $65,000 level will be a key gauge in determining whether the market is merely consolidating or preparing for a deeper correction.
After rebounding from the low around $60,000, price has repeatedly tested the $69,000–70,000 resistance zone but has failed to break above it convincingly. The repeated rejections in this area suggest that selling pressure remains strong whenever price attempts to recover.
Currently, BTC is retreating toward the $65,000 support zone, which serves as an important short-term support within the recent sideways structure. If price manages to hold above this level, the market may continue to consolidate within the $65,000–70,000 range until a new catalyst emerges.
However, in a negative scenario, if BTC posts a clear H4 close below $65,000, selling pressure could intensify, opening the door for a retest of the previous low around $60,000. A break below the $60,000 level would significantly weaken the technical structure and could trigger a deeper correction in the medium term.
23.02.2026
Bitcoin (BTCUSD)
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.
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