As of today, Monday, February 16, 2026, Bitcoin
$BTC is currently trading around $68,336, slipping back below the psychological $69,000–$70,000 barrier after a brief weekend recovery.
The market is currently in a tug-of-war following a volatile month that saw BTC crash from its October highs of $124,000 down to a local low near $60,000 in early February.
Why is BTC struggling?
Resistance at $70,000: Every time Bitcoin attempts to hold $70k, it faces heavy "rejection." Traders are seeing a "bearish trend line" on short-term charts, meaning there are more sellers than buyers at these levels right now.
Extreme Fear: The "Fear and Greed Index" has reportedly plummeted to a 9 (Extreme Fear). This suggests that while the price is stabilizing compared to the crash two weeks ago, investors are still very nervous about a further drop.
Deleveraging: Much of this month's sell-off was driven by "forced liquidations" of leveraged trades rather than a lack of interest in the asset itself.
Key Levels to Watch:
$70,000 - $71,000 Resistance: BTC needs a solid daily close above this to convince the market the "bear phase" is over.
$68,000 Immediate Support: If it breaks below this, A retest of the $65,000 range Is Expected.
$60,000 The "Tripwire": Many experts believe this is the "fault line." A break below $60k could trigger a massive cascade of sell-offs toward $55,000 or even $50,000.
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