Relief Rally or Lower High? Bitcoin Tests Critical Resistance at $64K–$67K

CN
9 hours ago

Bitcoin’s daily chart paints the broader structure in unmistakable strokes. Bitcoin has declined from roughly $95,000 to a capitulation low near $59,900, printing a heavy- volume flush before stabilizing in the $64,000 to $66,000 region. That stabilization, however, remains corrective within a prevailing downtrend.

Key support rests at $59,900 to $60,000, with mid-range demand at $62,000 to $63,000. Resistance is layered at $68,000 to $70,000, followed by major resistance at $72,000 to $75,000. Unless price reclaims and sustains acceptance above $70,000 on a daily closing basis, the macro structure remains bearish, with the current move resembling a relief bounce forming a potential lower high.

Relief Rally or Lower High? Bitcoin Tests Critical Resistance at $64K–$67K

BTC/USD 1-day chart via Bitstamp on Feb. 25, 2026.

On the four-hour chart, momentum tells a more nuanced story. After falling from $68,600 to $62,500, bitcoin staged a V-shaped rebound and is now forming higher lows on the intraday structure. Immediate resistance sits at $66,800 to $68,000, while support holds at $63,000 to $64,000. A breakdown level remains clearly defined at $62,500. If price clears and holds above $68,000, continuation toward $70,000 becomes structurally plausible. Failure in the $66,000 to $68,000 zone would likely confirm a lower high and open the door for a retest of $62,000 to $63,000 — a scenario that aligns more comfortably with the daily trend.

Relief Rally or Lower High? Bitcoin Tests Critical Resistance at $64K–$67K

BTC/USD 4-hour chart via Bitstamp on Feb. 25, 2026.

The one-hour chart is where execution meets drama. A strong impulse candle drove the price to $66,300, followed by consolidation marked by higher lows — a compression pattern building directly beneath resistance. The defined scalp zone sits between $64,500 and $65,000, with a breakout trigger on an hourly close above $66,500. Rejection wicks between $66,500 and $67,000 would signal exhaustion, while a structural failure below $63,800 would invalidate the short-term constructive pattern. In other words, bitcoin is coiling — and coils do not stay quiet for long.

Relief Rally or Lower High? Bitcoin Tests Critical Resistance at $64K–$67K

BTC/USD 1-hour chart via Bitstamp on Feb. 25, 2026.

Oscillators reflect this internal tug-of-war. The relative strength index ( RSI) reads 36, neutral but leaning toward the lower bound of momentum equilibrium. The Stochastic oscillator stands at 21, also neutral. The commodity channel index (CCI) prints −129, indicating a technical bullish condition, while momentum at −3,295 likewise signals bullishness.

The moving average convergence divergence ( MACD) level registers −3,720, flashing positivity despite remaining below zero. Meanwhile, the average directional index (ADX) at 58 confirms strong trend strength — unfortunately for optimists, that trend on the daily timeframe remains downward. The Awesome oscillator at −7,656 stays neutral, underscoring mixed but reactive short-term conditions.

Bitcoin’s moving averages (MAs) are decisively bearish. The exponential moving average (EMA) and simple moving average (SMA) framework shows the EMA (10) at $66,639 and SMA (10) at $66,749 signaling sell, followed by the EMA (20) at $69,108 and SMA (20) at $67,855, reinforcing overhead resistance.

The pressure extends through the EMA (30) at $71,843 and SMA (30) at $71,657, then the EMA (50) at $76,347 and SMA (50) at $79,605. Longer term, the EMA (100) at $83,984, SMA (100) at $84,421, EMA (200) at $91,502, and SMA (200) at $98,146 all signal sell — leaving bitcoin trading beneath every major EMA and SMA on the board.

Bull Verdict:

If bitcoin secures an hourly close above $66,500 and follows through with acceptance above $68,000, the structure favors a relief extension toward $70,000 and potentially $72,000. With the commodity channel index (CCI), momentum, and moving average convergence divergence ( MACD) all flashing buy signals despite depressed positioning, a short-term squeeze scenario remains technically viable — particularly given the one-hour compression and developing higher lows. A decisive reclaim of $70,000 on the daily timeframe would materially weaken the broader bearish thesis.

Bear Verdict:

Unless bitcoin reclaims and holds above $70,000 on the daily chart, the dominant trend remains down. Price continues to trade beneath every major exponential moving average (EMA) and simple moving average (SMA) from the 10-period through the 200-period, while the daily structure reflects a bearish impulse followed by a lower-high consolidation. Rejection in the $67,000 to $68,000 zone would reinforce downside continuation risk toward $62,000 and potentially a retest of the $59,900 macro support — a path that aligns most cleanly with the prevailing trend strength indicated by the average directional index (ADX).

  • What is bitcoin’s key resistance level right now?
    Bitcoin faces immediate resistance between $66,800 and $68,000, with major resistance at $70,000.
  • What are bitcoin’s main support levels on Feb. 25 2026?
    Key support sits at $63,000 to $64,000, with major downside support near $59,900 to $60,000.
  • Is bitcoin in a bullish or bearish trend?
    The daily chart shows a clear downtrend unless bitcoin reclaims and holds above $70,000.
  • What do bitcoin’s technical indicators signal today?
    Oscillators show mixed short-term recovery signals, but all major moving averages remain in bearish alignment.

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