📊 2026-02-20 BTC Technical Analysis (As of this morning)
Current Price: Around $66,000
1. Daily Chart (Trend Assessment)
- Trend: Medium-term downtrend, price below 50-day moving average (87,000) and 200-day moving average (102,000), overall weak
- RSI: About 15, deeply oversold (only seen during the 2018 bear market and March 2020), short-term rebound probability increases
- Support/Resistance
- Strong Support: 60,000–62,000 (consolidation zone + 200-week moving average)
- Secondary Support: 58,000 (if broken, then watch 49,000–52,000)
- Resistance: 68,000 → 70,000 → 75,000
2. Hourly
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