19.02.202616:47 Forex Analysis & Reviews: Trading Signals for BITCOIN on February 19-22, 2026: sell below $67,700 (21 SMA - 3/8 Murray)

Relevance up to 09:00 UTC--5

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Bitcoin is trading within a downtrend channel formed since early February after attempting to break through the psychological level of $70,000 over the weekend. Bitcoin is showing negative signs, so it is likely to continue its decline in the coming days and could reach the 2/8 Murray around $62,500.

A sharp break below the 2/8 Murray and a consolidation below this zone could be a clear signal to sell Bitcoin, with targets at the 1/8 Murray around $56,250.

On the contrary, if Bitcoin consolidates above the 21 SMA located at $67,700, we could expect it to attempt to break the downtrend channel around $69,000. If this occurs, we could expect BTC to continue rising and could reach the 4/8 Murray around $75,000.

If a rejection occurs around the top of the downtrend channel below $69,000, Bitcoin is expected to continue its bearish cycle and could reach $62,000 around the 2/8 Murray in the short term.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.