February 17, 2026

BTCUSD ❕ Has the downtrend begun?

BTCUSD ❕ Has the downtrend begun?

BTCUSD ❕ Has the downtrend begun?

BTCUSD ❕ Has the downtrend begun?

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Solldy


BTCUSD ❕ Has the downtrend begun?

From the previous idea, we fell to the lower boundary of the older uptrend channel , made a false breakout, all in a moment of fear in the market. Funding on the exchanges at the same time is near zero and negative.If the price reaches the level of $40500 along with the growth of volumes, a double bottom reversal pattern will form (TF 1H), then I expect a fixing above that level, and after reaching the resistance level .

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