3 Bitcoin Price Targets amid $70,000 Resistance Pressure

Jakarta, Pintu News – The crypto market is heating up again after Bitcoin (BTC) failed to break the $70,000 level and is now stuck between two important price zones. Analysts and experienced traders are starting to map out new price targets, given the increasingly volatile movement of Bitcoin (BTC).

With selling pressure mounting and support levels being tested, many are wondering if Bitcoin (BTC) can survive or if it will correct further. This article will take an in-depth look at the key levels that crypto market participants are currently paying attention to.

Bitcoin Between 200-Week SMA and EMA

Bitcoin (BTC) is currently between two major technical indicators, the 200-week simple moving average (SMA) at $68,300 and the 200-week exponential moving average (EMA) at $58,400. In the history of Bitcoin (BTC) price movements, the area between these two trend lines has often been where major lows have formed.

Crypto analyst Jelle highlighted that this pattern could be a signal that Bitcoin (BTC) is forming a new price foundation. However, even though Bitcoin (BTC) has managed to record weekly closes above the 200-week EMA for two consecutive weeks, this does not guarantee that the bullish trend will continue.

Rekt Capital traders and analysts caution that closing above the EMA does not necessarily mean Bitcoin (BTC) is safe from bearish pressure. Meanwhile, crypto investor Ted Pillows highlighted the $71,000 level as a crucial point for a bullish breakout.

According to him, Bitcoin (BTC) needs a daily close above $71,000 to increase the chances of an upward rally. In addition, the Cointelegraph report mentions a price gap (CME gap) in the range of $80,000 to $84,000 which has the potential to become a magnet for further price movements.

Also read: Bitcoin (BTC) Plunges Sharply in Q1 2024, Start of Bear Market or Signal of Big Rebound?

Support Zone $65,000-$60,000 Threatened

After failing to break through $72,000 last week, Bitcoin (BTC) found strong support in the $65,000 area. Data from Glassnode shows a significant support zone in the $63,000 to $65,000 range, where long-term holders have recently accumulated around 372,240 BTC.

If Bitcoin (BTC) price breaks below this level, Glassnode expects the price to drop towards the realized price of around $55,000. This indicates that the bears will try hard to hold the Bitcoin (BTC) price below $65,000 to maintain market dominance.

If the selling pressure continues and the $65,000 support fails to hold, the BTC/USDT pair is likely to test the critical level at $60,000. If the $60,000 support is also broken, the next downside target is expected to be at $52,500.

This situation makes market participants extra wary of a potential deeper correction. With high volatility, any price movement below key support levels could trigger a massive sell-off.

Read also: What is Silver Bullion and Why is it Expensive?

Breakout Above $71,000 Could Open the Way to $80,000-$84,000

On the other hand, the opportunity for a rally remains open if Bitcoin (BTC) is able to break and hold above $71,000. According to Ted Pillows, a daily close above that level would increase the probability of a price surge to the $80,000 to $84,000 area, in line with CME gap filling predictions.

Since August 2025, nine out of ten CME gaps have been filled, making this price range a prime target for bulls. If this bullish scenario materializes, Bitcoin (BTC) could potentially set a new price record in the near future.

However, to achieve such an ambitious target, Bitcoin (BTC) needs to overcome strong selling pressure in the $70,000 zone. Traders and investors should pay attention to trading volume and market sentiment as additional indicators.

Any rejection at key resistance levels could be a signal for bears to take back control. Therefore, price movements in the next few weeks will largely determine the direction of Bitcoin’s (BTC) medium-term trend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Cointelegraph. Traders pinpoint three price targets for Bitcoin if $70K holds as resistance. Accessed on February 18, 2026
• Featured Image: Investing News Network