February 20, 2026 BTC Trend

BTC's current price of $66,448 is in a key support area, and technical indicators show oversold rebound potential (1d RSI 33, MACD histogram turning positive). On-chain valuation is reasonable (MVRV 1.21), but there is a risk of leverage squeeze in the derivatives market (long position liquidation ratio 3.66 times). Overall, it is predicted that on February 20, it will test the support of $65,800-$66,000 before a volatile rebound, with target resistance at $68,000-$68,500. A drop below $65,000 may trigger an accelerated decline.