Why did BTCUSD rally 4.15% on February 16, 2026?

Bitcoin USD rallied due to oversold RSI at 33.37, short liquidations at $70,000, and mean-reversion buying. Reduced institutional activity from the US Presidents' Day holiday also reduced selling pressure. However, the move lacks conviction given below-average volume at 0.56x normal levels.

What is the BTCUSD monthly price forecast?

The monthly forecast targets $71,408.39, representing a 4.92% gain from current levels. This aligns with the 200-week exponential moving average and 2021 all-time high zone near $69,000, making it a key resistance level to watch.

Is BTCUSD oversold or overbought right now?

BTCUSD is oversold with RSI at 33.37 (below 30 threshold) and Stochastic %K at 23.93. These readings historically precede reversals, but ADX at 45.89 confirms a strong downtrend remains in place, limiting upside potential.

What support levels matter for BTCUSD this week?

Key support sits at $59,703 (lower Bollinger Band) and $55,800 (200-week SMA + realized price convergence). Resistance appears at $68,343 (200-week EMA), $69,000 (2021 ATH), and $71,408 (monthly forecast target).

How does BTCUSD liquidation data affect price?

Over $250 million in liquidations occurred in 24 hours despite a narrow $2,838 range. Long positions cluster below $68,000, creating vulnerability to sudden moves. Short liquidations at $70,000 hit 10,700 BTC, the highest since September 2024, suggesting aggressive covering.

Crypto Insights

BTCUSD Bounces 4.15% as $71,000 Resistance Looms This Week

ByHuzaifa Zahoor February 17, 2026

Bitcoin USD (BTCUSD) gained 4.15% on February 16, 2026, climbing to $68,069.66 as traders assess whether the cryptocurrency can sustain momentum toward $71,000 resistance. The rally comes after BTCUSD touched a $67,251.81 day low, signaling renewed buying interest near support levels. Market data shows a $1.36 trillion market cap with elevated liquidations around key price zones. Technical indicators reveal mixed signals, with RSI at 33.37 suggesting oversold conditions. This week’s BTCUSD price action will be critical as macro events and onchain metrics paint a complex picture of whether Bitcoin can escape recent downside pressure.