BTC Price Stays in the $65,000 Zone: Will it Explode to $72,000? (2/23/26)

Jakarta, Pintu News – The crypto market is back in the spotlight after Bitcoin (BTC) experienced high volatility due to geopolitical pressures and global tariff issues. Currently, Bitcoin (BTC) is struggling to maintain important support levels in the range of $65,000-$66,000, while analysts and market participants are monitoring big moves from whales and increasingly sensitive liquidity data.

The increased leverage also increases the risk of short-term price movements, so many are looking forward to the next direction of the largest digital asset. In the midst of global uncertainty, Bitcoin (BTC) is showing resilience that is worthy of further scrutiny.

Liquidity and the Role of Whales in Determining the Direction of Bitcoin (BTC)

Market analyst Ted asserts that Bitcoin’s (BTC) price movements are more influenced by liquidity flows than news sentiment. According to him, factors such as geopolitics, inflation data, central bank speeches, interest rate expectations, and elections are often of interest, but ultimately the flow of money in and out of the market is the main determinant.

Ted also highlighted that increased liquidity is usually positive for risky assets like Bitcoin (BTC), while decreased liquidity tends to depress prices. In fact, history shows that some of the strongest bull markets have occurred in the midst of war and economic anxiety, signaling that the movement of money is more important than the narrative.

Liquidity itself is heavily influenced by central bank policy, credit market conditions, fiscal policy, as well as investor risk appetite. In recent days, Bitcoin (BTC) has been trading around $68,000, with analysts assessing that as long as the price stays in the $65,000-$66,000 zone, the opportunity for a rally towards $72,000 is still wide open.

Despite selling pressure due to tensions between the United States and Iran, Bitcoin (BTC) continues to find strong support. In addition, big moves from whales like Garett Jin who moved 6,318 BTC worth around $425 million to Binance also fueled speculation about the potential for further selling pressure in the market.

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Bitcoin (BTC) Weekly Structure Still Sturdy Amid Liquidation Surge

Cryptorphic technical analysts think that in terms of weekly structure, there has been no significant change in Bitcoin (BTC). The price is still moving in a consolidation range around the 200-Week EMA and the fair value gap that traders are familiar with. After the sharp drop, Bitcoin (BTC) price action consolidated at the support area, with buyers actively defending the level. Cryptorphic thinks that this movement is more of a long-term correction phase and the formation of a new base, rather than an alarming breakdown signal.

As long as Bitcoin (BTC) is able to stay above the mid-$60,000 range, the price structure is considered healthy and consolidation in the support area is maintained. The weekly candle closure will determine whether Bitcoin (BTC) is forming a new low or preparing for the next rally. On the derivatives front, CoinGlass data shows a spike in liquidation activity in the last 24 hours, with total liquidations reaching $19.79 million. Of this, $5.18 million was the liquidation of long positions, while $14.61 million came from short positions, signaling stronger selling pressure from bearish speculators.

The Impact of Macro Trends and Global Tariff Policies on the Crypto Market

In addition to technical and liquidity factors, global macroeconomic trends also influence crypto market sentiment. Recently, the President of the United States, Donald Trump, announced plans to increase global tariffs from 10% to 15%, which is claimed to be within legal limits and will be re-evaluated in the next few months. This policy adds to the uncertainty in global financial markets, including crypto markets, as it could trigger changes in capital flows and investment strategies of major market participants. Many investors are now waiting for the further impact of the policy on the volatility and price direction of Bitcoin (BTC) and other crypto assets.

In the midst of a turbulent global situation, Bitcoin (BTC) is showing good resilience by staying in the critical support zone. Analysts believe that as long as liquidity flows are maintained and there are no drastic changes to the weekly structure, the opportunity for a rally to higher levels is still open. However, pressure from whale selling and liquidation spikes remain a risk to watch out for. Thus, the crypto market is currently at an important junction that will determine the direction of its further movement in the coming weeks.

Bitcoin (BTC) at Critical Point, Ready to Soar or Correct?

Bitcoin (BTC) is currently in a decisive phase, where the power of liquidity, whale action, and global macroeconomic policies interact to determine the price direction. As long as the support in the $65,000-$66,000 range is maintained, the opportunity for a rally to $72,000 is still very much open. However, pressure from large sell-offs and volatility due to global tariff policies remain key challenges. Market participants are now waiting for confirmation from the weekly candle closure to determine the next move in the crypto market.

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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

• CoinGape. Bitcoin Defends $65K-$66K Zone As Liquidity Outweighs Geopolitics And Tariffs. Accessed on February 23, 2026