Bitcoin Price Analysis for Feb 16: Is $260,000 Next as Indicators Show Declining Bear Pressure?

thecryptobasic2026-02-16 08:20:18

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Bitcoin Price Analysis for Feb 16: Is $260,000 Next as Indicators Show Declining Bear Pressure?

Bitcoin shows signs of weakening bearish pressure and key support levels, with a potential shift toward a significant upward movement. Bitcoin (BTC) is priced at $68,385.76, with the price action showing a sharp retracement from a daily high of $70,897.84.

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