Bitcoin Price Prediction: BTC Struggles as EMA 9/20 Crossover Weighs on Price
The digital gold narrative is being put to the test this February as Bitcoin (BTC) navigates a period of significant price turbulence.
After a historic rally throughout 2025 that saw the asset peak near $126,000, the market has entered a corrective phase, leaving traders questioning whether this is a temporary dip or the start of a broader “crypto winter.”
Bearish Momentum Dominates Bitcoin’s Daily Chart
The technical outlook on the 1-day (1D) chart remains predominantly bearish.
Bitcoin is currently trading significantly below its 9-day and 20-day Exponential Moving Averages (EMAs). In technical terms, the 9 EMA has crossed below the 20 EMA, creating a “death cross” dynamic that signals strong downward momentum in the short-to-medium term.
Daily chart for WBTC/USD (Source: GeckoTerminal)
Supporting this bearish sentiment is the MACD (Moving Average Convergence Divergence).
The MACD line continues to pull away from the signal line in negative territory, with the histogram showing expanding red bars. This indicates that the sell-off is not yet exhausted.
While the RSI (Relative Strength Index) has recently hovered in the oversold region (near 30), suggesting the market is historically “cheap,” it has yet to show a strong bullish divergence that would signal a definitive trend reversal.
Order Book: The Battle for $69,000
Current order book data reveals a high-stakes tug-of-war between bulls and bears centered around the $69,000 mark.
- The Support (Bid Walls): Significant buying interest is concentrated at $69,201, where a 20-unit bid wall is stationed. If this wall—valued at approximately 1.38M USD—is breached, the Bitcoin price could quickly slide further toward deeper support levels.
- The Resistance (Ask Walls): On the upside, ask walls at $69,449 and $69,539 are acting as immediate ceilings. Clearing these clusters would be the first step in a “dead-cat bounce” or a legitimate recovery toward the psychological $70,000 level.
Key Trading Levels to Watch
| Type | Price Level | Significance |
| Primary Resistance | $86,845 | The “ultimate” hurdle to reclaim the 2025 bullish trend. |
| Secondary Resistance | $72,736 | Immediate overhead resistance; must be flipped to support for a recovery. |
| Current Support | $67,850 | A critical floor that has historically prevented deeper liquidations. |
| Major Support | $60,649 | The “line in the sand” for many long-term holders. |
Strategic Outlook: Entries and Exits
For the Bulls (Long Considerations)
- Entry: A conservative entry would involve waiting for a daily close above the $72,736 resistance level or a confirmed bullish RSI divergence.
- Exit: Initial profit-taking could occur near $85,276, with a strict stop-loss set just below the recent swing low near $66,668.
For the Bears (Short Considerations)
- Entry: Short opportunities arise if the price fails to break the immediate ask walls at $69,500 or if the bid wall at $69,201 collapses with high volume.
- Exit: Downside targets include $67,850 and the major psychological floor at $60,649.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
