Why is Bitcoin USD down 23% this month?

Bitcoin USD has faced sustained selling pressure driven by macroeconomic headwinds and profit-taking from earlier highs. The strong downtrend (ADX 49.32) and bearish MACD signal indicate institutional selling has dominated recent sessions. Technical resistance at higher levels has prevented sustained rallies, keeping BTCUSD trapped in a downtrend despite occasional bounces.

What is the Bitcoin USD price forecast for Q2 2026?

The quarterly forecast for BTCUSD stands at $122,324.02, representing a 79.1% rally from current levels. This target assumes a reversal of the current downtrend and renewed buying interest. However, near-term monthly forecasts at $54,426 suggest downside risk must be cleared first before this upside target becomes viable.

Is Bitcoin USD oversold right now?

Yes, the RSI at 34.21 indicates oversold conditions, historically a setup for mean-reversion bounces. Stochastic indicators at 34.17 and 30.10 also confirm oversold territory. However, the strong downtrend (ADX 49.32) means any bounce could face selling at resistance, so oversold conditions alone don't guarantee a sustained rally.

What support levels matter for Bitcoin USD?

Key support for BTCUSD sits at the lower Bollinger Band ($56,799.73) and Keltner Channel lower band ($65,507.83). The day-low of $67,516.93 provides immediate support. Breaking below $65,507 would target the $56,799 level, representing significant downside from current prices.

How does Bitcoin USD compare to its yearly high?

Bitcoin USD trades at $68,332.83, roughly 46% below the yearly high of $126,296. This gap reflects the significant pullback from earlier peaks. The 3-year return of 172.67% shows long-term strength, but recent weakness has erased much of 2026's gains.

Crypto Insights

Bitcoin USD Trades at $68,332—Can BTCUSD Recover to $122,324 by Q2?

ByHuzaifa Zahoor February 22, 2026February 22, 2026

Bitcoin USD (BTCUSD) is trading at $68,332.83 as of February 21, 2026, up 2.03% over the past day. The world’s largest cryptocurrency by market cap sits $1.35 trillion in total value, but remains down 23.29% from its monthly peak. Market data shows BTCUSD bouncing between support at $67,516 and resistance at $68,683. Technical indicators reveal mixed signals, with oversold conditions emerging alongside a strong downtrend. Traders are watching whether Bitcoin USD can sustain this bounce or face further selling pressure in the coming weeks.