Bitcoin is at a critical crossroads, hovering near $69,000 as traders weigh whether recent technical signals indicate a short-term rebound or a continuation of Bitcoin is at a critical crossroads, hovering near $69,000 as traders weigh whether recent technical signals indicate a short-term rebound or a continuation of

Bitcoin (BTC) Price Prediction: BTC Holds $67K as TD Signal Hints at Reversal While IBIT Shows Bearish Bias

2026/02/12 00:00
6 min read

The cryptocurrency has recovered from lows around $60,000, forming key support at $67,000. This narrow trading range is drawing attention from both short-term traders and long-term holders, as market participants analyze technical patterns, liquidity trends, and macroeconomic conditions to assess the next possible move.

TD Sequential Signals Indicate Short-Term Relief

On the three-day chart, Bitcoin has formed consecutive higher lows since the $64,000 bounce. This structure coincides with a TD Sequential “9” buy signal, a technical indicator developed by Tom DeMark that identifies potential trend exhaustion points.

Bitcoin’s 3-day chart shows a TD Sequential “9” signal, indicating a potential short-term rebound pending volume confirmation. Source: Ali Martinez via X

While the signal suggests a short-term rebound over the next 3–9 days, volume remains subdued. Historically, TD Sequential setups have correctly identified local lows during moderate pullbacks, particularly when accompanied by rising volume. However, they have been less reliable during high-liquidity drawdowns triggered by macroeconomic shocks or market-wide risk-off events.

Observation: The absence of expanding volume indicates the current rebound is corrective rather than impulsive. Traders should therefore view the TD Sequential signal as a probabilistic guide rather than a guarantee.

$67K Support Becomes a Key Decision Point

The $67,000–$67,400 range is currently serving as a crucial support zone. Price action shows multiple tests of this level over the past week, with buyers stepping in to prevent deeper declines. However, the compression of trading ranges between $67,000 and $70,000 suggests a buildup of tension: a decisive break below $67,000 could trigger a move toward mid-$50,000 levels, whereas a reclaim of $72,000 with meaningful volume may reinforce bullish momentum toward the low-$70,000s.

Bitcoin trades near $68,930, with $67,400 support; reclaiming $70,900–$72,000 is needed to sustain short-term bullish momentum. Source: Tryrex via X

Analyst Tryrexcrypto noted, “For price to move above 72k, we first need a bounce to 70.9k, retest, and then expansion.” This statement aligns with observed short-term price dynamics, highlighting the need for confirmation before assuming a sustained uptrend.

Reader takeaway: Short-term traders should monitor the $67K support closely, as a failure to defend it would signal elevated downside risk.

Divergent Long-Term Scenarios: $200K vs. Structural Correction

Long-term sentiment varies significantly. Some observers, such as Dr. SeongWoo Choi of IQ 300, suggest Bitcoin has bottomed and may begin a bull cycle targeting $200,000. While these projections are based on post-halving historical patterns and supply-demand considerations, they remain highly speculative.

Bitcoin’s $60,000 low signals a potential bull run, though short-term dips to $68,237 show ongoing volatility. Source: IQ 300 | Dr. SeongWoo Choi via X

Historical cycles demonstrate that Bitcoin can deliver substantial gains over 12–18 months after halving events. Yet extreme forecasts should be contextualized: statements asserting Bitcoin will “never” revisit certain levels reflect conviction-based opinions rather than probabilistic outcomes.

Interpretation: Multi-year price projections, such as bitcoin price predictions for 2030 or bitcoin price forecasts for 2025, are best viewed as scenario analyses. They provide a framework for understanding potential outcomes,s but should not be treated as guarantees.

IBIT Technical Outlook: iShares Bitcoin Trust Shows Bearish Tilt on Neutral Daily Rating

The iShares Bitcoin Trust, trading under ticker IBIT on the Nasdaq Stock Market, is currently flashing a Neutral rating on the daily timeframe, though technical signals lean bearish. According to TradingView data as of February 10, 2026, IBIT shows mixed momentum readings, with oscillators largely neutral while moving averages reflect sustained downside pressure. The ETF, which directly tracks Bitcoin’s spot price, remains sensitive to broader crypto market volatility.

$IBIT was trading at around $37.63, down 1.30% in the last 24 hours at press time. Source: TradingView

Momentum indicators show early signs of potential stabilization, with RSI near 30 suggesting oversold conditions. However, negative MACD and momentum readings indicate that bullish strength has yet to return decisively. While one or two oscillators hint at a possible bounce, the broader structure of $IBIT remains cautious, especially as price action continues to trade below most key moving averages.

From a trend perspective, 13 moving averages are signaling a sell, confirming a prevailing downtrend for iShares Bitcoin Trust (NASDAQ: IBIT). Pivot analysis shows price hovering below the central pivot level, with support levels near the $44 and $40 zones acting as critical downside markers. Unless IBIT reclaims overhead resistance levels with strong volume, technical conditions suggest continued consolidation or further downside risk in the short term.

Bitcoin and Macroeconomic Context: Liquidity as a Structural Driver

Bitcoin’s performance is increasingly tied to broader macroeconomic conditions, including Federal Reserve monetary policy, interest rate expectations, and global liquidity trends. Periods of monetary easing have historically supported risk assets such as equities and cryptocurrencies, while tightening cycles can compress valuations.

Bitcoin’s $60,000 low signals a potential bull run, though short-term dips to $68,237 show ongoing volatility. Source: Aralez via X

Institutional participation, through instruments like bitcoin ETFs and spot-based products from BlackRock, Fidelity, and others, adds another layer of market influence. Recent ETF inflows have bolstered liquidity, which can reduce short-term volatility, although they cannot fully shield Bitcoin from cyclical corrections.

Reader takeaway: For long-term holders, monitoring liquidity and institutional flows may offer a better gauge of sustainable trends than near-term technical fluctuations.

Compression Patterns and Volatility Outlook

A compression wedge between $60,000 and $80,000 is currently observable on the hourly chart. Previous instances of wedge breakouts produced rapid $5,000 moves, reflecting the tendency of volatility to expand after periods of low price dispersion.

A 20K–80K compression wedge saw a 15-minute breakout trigger a $5K move, with the center as a stop-loss. Source: ArdenAITrading on TradingView

Observation: Bitcoin’s support at $67,000 remains intact. A breach of this level could open a path toward deeper corrections, while a breakout above $72,000 would increase the likelihood of renewed bullish momentum.

A Market at a Critical Juncture

Bitcoin’s cyclical nature is evident in recent swings between $60,000 and $70,000. The asset continues to consolidate after volatility, with short-term technical signals offering directional clues. While extreme forecasts—such as $200K or $46K—receive attention, data-driven analysis suggests a probabilistic range between $67,000 and $73,000 in the near term.

  • Short-term traders: Focus on $67K as the critical support level and observe volume for confirmation of breakout or breakdown.
  • Long-term holders: Pay attention to macro liquidity trends and ETF participation as more reliable indicators of structural trends.

Bitcoin was trading at around $67,568.020, down 3.09% in the last 24 hours at press time. Source: Bitcoin price via Brave New Coin

By separating short-term technical setups from multi-year projections and integrating macroeconomic context, readers can form a more informed view of Bitcoin’s trajectory without overreliance on speculative extremes.

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