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23.02.202615:37 Forex Analysis & Reviews: Trading Signals for BITCOIN (BTC/USD) on February 23-25, 2026: sell below $68,750 (21 SMA - 3/8 Murray)

Exchange Rates 23.02.2026 analysis

Bitcoin is trading around $66,310, rebounding after hitting a low of $64,000 last seen on February 12.

In the coming hours, BTC is expected to continue recovering some of its losses and could reach the 21 SMA around $67,539. It could even reach the 3/8 Murray around $68,750, and finally the upper band of the downtrend channel around $69,000.

Bitcoin is likely to continue rising and encounter strong resistance below the 21 SMA located at $67,539, so this area could be seen as a point to open short positions with targets at the 2/8 Murray around $62,500.

In the short term, Bitcoin is expected to reach the psychological level of $60,000, last seen on February 5, and we could even expect the price to reach the 1/8 Murray around $56,000.

The Eagle indicator is showing a negative signal. However, the current technical rebound could allow the instrument to resume its bearish cycle only if Bitcoin consolidates below the 3/8 Murray in the coming days.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2026
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