What does K33 Research imply for BTC USD near term?

K33 Research’s regime model suggests a late‑cycle trough, with BTC USD likely consolidating between $60,000 and $75,000. That favors range‑bound moves, softer funding, and better outcomes for patient spot accumulation rather than aggressive leverage. A clean upside shift needs reclaiming mid‑band levels with improving momentum and volume confirmation.

How does Bitcoin capitulation affect price action now?

Capitulation transfers coins from weak to stronger hands, easing near‑term sell pressure. After February’s broad reset, BTC USD has room to base within the highlighted range. It often leads to quieter volatility, more two‑way trading, and a healthier setup for the next impulse once demand rebuilds and resistance is tested repeatedly.

Which technical levels matter most this week?

We track $60,000 as major support and $75,000 as resistance. Mid‑range friction sits around $65,000–$68,000. RSI near 34 indicates near‑oversold conditions, while wide Bollinger and Keltner bands frame volatility. A sustained reclaim above $72,000 with rising OBV would hint at improving demand and better odds of range expansion.

How should Canadian investors position in this range?

Favor staged spot buys near range lows, sized modestly to manage volatility. Consider CAD‑denominated TSX spot Bitcoin ETFs for simpler currency handling, or USD pairs if FX costs are acceptable. Avoid heavy leverage while momentum is weak. Tighten risk on strength and add only after momentum and volume confirm an upside break.

Are price forecasts reliable at this stage?

Forecasts can inform, not predict. Internal figures show $54,426.81 (monthly) and $98,201.37 (yearly) as guideposts. With BTC USD below key averages and momentum soft, execution matters more than targets. Use levels, volume, and trend confirmation for decisions, and reassess if price closes below key supports or above resistance.

Global Market Insights

BTCUSD Today, February 23: K33, On-Chain Data Flag Trough Setup

ByDanny Kontos February 23, 2026February 23, 2026

BTC USD is back in focus today, February 23, as K33 Research flags a late‑cycle trough with a likely consolidation in the $60,000–$75,000 zone. The BTCUSD pair trades near $66,972.5, sitting well below its 50‑day and 200‑day averages. On‑chain data points to broad Bitcoin capitulation among 2025–26 buyers, resetting risk. For Canadians, the USD range translates to higher figures in CAD, depending on FX. We break down the setup, key levels, and a simple, patient plan for accumulation.