Bitcoin Analysis – 24.Feb.2026
Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that price has officially lost the $66,000 support level and is now trading around the $63,000 area. This confirms the breakdown scenario that we discussed in previous updates.
As mentioned before, the next major demand zone is positioned between $52,500 and $59,500. If price enters this broader demand region, we can expect a potential positive reaction from buyers. Structurally, this zone remains the next key accumulation area to monitor closely.
Currently, markets are pricing in the increasing probability of geopolitical escalation. Risk-sensitive assets like cryptocurrencies are reacting negatively, and this risk-off sentiment is driving volatility across the board. Until clarity emerges regarding negotiations and regional stability, downside pressure may persist. The next one to two days could be decisive for broader market direction.
These conditions significantly increase trading risk, especially for intraday traders. Volatility has expanded sharply, and aggressive price swings can easily trigger stop losses or cause liquidation events. Position sizing and strict risk management are absolutely critical during this period.
(This Post on TradingView)
Author : Arman Shaban
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