‍Bitcoin Faces Significant Bearish Pressure, Drops to 16-Month Lows

Bitcoin (BTC) has entered February 2026 under substantial bearish pressure, falling to levels not seen since November 2024. The leading cryptocurrency is struggling to maintain momentum after a weekend marked by broad liquidations across financial markets. As BTC/USD trades near $76,000, market participants are evaluating technical indicators against a deteriorating macroeconomic backdrop, including a strengthening U.S. dollar and a sharp correction in commodities.

Technical indicators suggest a potential bear market. The weekly RSI is at 32.2, nearing the oversold threshold of 30. While some analysts note historical similarities to the 2022 bear market bottom, others caution that a monthly stochastic RSI below 20 typically signals a prolonged bear market. Key support is identified at $76,000, with a potential drop to $50,000 if this level fails. Unfilled CME gaps exist at $84,000 and $95,000. U.S. spot demand shows weakness, with Coinbase Premium at -0.177.

The crypto market is closely tracking traditional commodities, which have experienced significant declines. Gold has fallen 20% from its highs, and silver corrected by 40% in two days. Analysts suggest Bitcoin's breakdown may signal a global liquidity crunch, potentially worsened by the new Federal Reserve Chair. A strengthening U.S. Dollar Index (DXY) further pressures risk-on assets. Investors are watching critical U.S. corporate earnings and unemployment data this week, anticipating continued volatility.

https://cryptovka.ru/en/news/8721/bitcoin-hits-16-month-lows-as-traders-eye-50-000-support-levels