Bitcoin remains in a classic consolidation phase on Thursday as well. After the weekly low at 62,600 USD, the price has recovered well in recent days and is currently testing the round mark of 69,000 USD again. So far without success – the resistance is holding. Here is a brief look at the current situation and what traders should pay attention to now.
Current Price Development
Bitcoin is currently trading just below 69,000 USD (as of February 26, 2026, morning). This corresponds to a gain of around 10 % since the low at 62,600 USD – a solid recovery, but one that has not yet initiated a new rally. The price continues to move in a narrow channel between 65,000 and 69,000 USD. Volume is moderate, volatility is low – typical for a phase before the next major impulse.
Important Technical Levels
- Resistance: 69,000–69,500 USD (psychological mark + former high from January 2026)
- Support: 65,000–66,000 USD (200-day MA + important zone of recent weeks)
- Breakout scenario: A sustainable close above 69,500 USD would open up room up to 72,000–74,000 USD
- Breakdown scenario: A fall below 65,000 USD could push the price back toward 62,000 USD
The RSI (14) is currently around 58 – neither overbought nor oversold. MACD shows slight upward momentum, but no strong trend confirmation. Overall: The market is undecided.
What speaks for a continuation of the recovery?
- Bitcoin recovered very quickly after the 62,600 low – this shows continued strong buyer interest
- Altcoin season signals: Many altcoins (ETH, SOL, XRP) are performing relatively strongly – this indicates risk appetite
- Macro backdrop: Slightly falling yields on US Treasury bonds + wait-and-see Fed sentiment support risk assets
What speaks against a new rally?
- 69,000 USD has established itself as a strong resistance – several rejections in recent weeks
- Funding rates on perpetual futures are neutral to slightly positive – no extreme long bias
- Bitcoin dominance is stagnating – no clear signal for altcoin rotation
Conclusion
Bitcoin is in a classic “waiting phase” – the recovery from the 62,600 low is solid, but the breakout above 69,000 USD is still pending. As long as the price remains in this channel, the situation remains neutral. A close above 69,500 USD would be a strong bullish signal, a fall below 65,000 USD would strengthen the bears again.
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