Bitcoin (BTC) approached the $67,000 level on Thursday, February 13, 2026, following a significant 1,800-point swing from an entry point near $65,200. The move placed the asset at a key local resistance zone, with traders closely watching for a confirmed breakout or signs of rejection. Market analyst @astronomer_zero noted the setup as the "fifth trade in a row" offering a risk-free structure, with the potential for a fourth consecutive winning trade if Bitcoin can break through the resistance.
Technical analysts are now focusing on a potential V-shaped recovery pattern forming on Bitcoin's four-hour chart. The BTC/USD pair is currently retesting a critical resistance area defined by the 20-period Exponential Moving Average (EMA) at $67,500 and the 200-week EMA at $68,000. A successful push above this level could increase the chances of a rally toward the pattern's neckline at $72,000.
Analyst Daan Crypto Trades emphasized that the $68,000 to $70,000 zone is the key area to watch for another leg up, noting that a previous breakout attempt on Thursday "got slammed back down at the $68K level." Fellow analyst Ted Pillows added that if Bitcoin reclaims the $70,000 level, it could spark a rapid 8-10% rally. However, he warned that the "chances of a deeper correction would increase" if the $65,000-$66,000 support zone fails to hold.
Liquidation data suggests significant volatility potential. According to CoinGlass, substantial walls of sell orders (asks) are centered just below $75,000 and around $80,000. Analyst ZordXBT pointed out that "$BTC liquidations are stacking well above $72K, and around the area from $77K to $80K." A break above the $72,000-$75,000 level could trigger a short squeeze, forcing short sellers to cover their positions and potentially driving prices toward the $80,000 liquidity cluster.
The broader trading strategy, as shared by @astronomer_zero, has centered on identifying a consolidation range formed since a recent market bottom. The analyst stated that the range formation was anticipated "since the exact day of the bottom," providing repeated trading opportunities. The current focus is on whether Bitcoin can break above resistance with sustained momentum to transition the range into an upward trend, or if it will continue to oscillate within the established boundaries.
