Bitcoin Needs to Break Above $70,000 to Secure a Recovery -- Market Talk

Dow Jones02-16

1517 GMT - Bitcoin would need to break above $70,000 with high volumes to resume an upward trend, ActivTrades analyst Saverio Berlinzani says in a note. The $70,000 level has become a key resistance level, he says. Many analysts see the recent falls in bitcoin as a final correction rather than the start of a structural decline, he says. "The general outlook as of mid-February 2026 is neutral or cautiously optimistic in the medium term." Short-term chart support for bitcoin lies between $65,000 to $66,000. However, if this support fails to hold, a drop towards $60,000 or even below could prompt bigger and more sustained falls, he says. Bitcoin rises falls 0.4% to $68,550, having reached a 16-month low of $60,008 on Feb. 6, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

February 16, 2026 10:17 ET (15:17 GMT)

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Many analysts see the recent falls in bitcoin as a final correction rather than the start of a structural decline, he says. \"The general outlook as of mid-February 2026 is neutral or cautiously optimistic in the medium term.\" Short-term chart support for bitcoin lies between $65,000 to $66,000. However, if this support fails to hold, a drop towards $60,000 or even below could prompt bigger and more sustained falls, he says. Bitcoin rises falls 0.4% to $68,550, having reached a 16-month low of $60,008 on Feb. 6, LSEG data show. 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