Bitcoin Range-Bound Under Pressure as Analysts Eye $55,000

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<a href="https://jpyeur.com/btc-usd/">Bitcoin</a> Range-Bound Under Pressure as Analysts Eye $55,000

According to Glassnode, Bitcoin is currently facing downward pressure and trading within a limited price range. It recently fell below a key technical indicator and is now approaching a support level around $55,000. The firm notes that buying activity in both regular and futures markets is currently low, suggesting a pessimistic outlook.

Current trading volume is low, demand for ETFs isn’t strong, and any gains are unstable. While some worried selling has stopped, there’s no real optimism driving prices higher.

Glassnode observed that past bear markets have typically bottomed out around the Realized Price – the average price all existing Bitcoin was originally purchased at. Currently, that price is around $54,900.

This price would be nearly 18% below what it is now, and the total drop from its highest point would be 56.4%. This decline wouldn’t be as steep as the previous two major market downturns.

Market in Controlled Consolidation

Analysts also pointed out that the Accumulation Trend Score is currently at 0.43, which is considerably below the 1.0 mark that would indicate significant purchasing by large investors.

Spot Cumulative Volume Delta (CVD) is showing a clear shift towards selling pressure on major cryptocurrency exchanges like Binance and Coinbase. This indicator, which measures the difference between buying and selling activity, is now negative, suggesting that sellers currently dominate the market.

Glassnode believes the cryptocurrency market is moving from panicked selling to a more stable period of consolidation.

For the economy to truly recover and keep growing, we need to see more immediate purchases, consistent building of inventory, and better access to financial resources.

Range-Bound Under Pressure

Bitcoin’s price has fallen below a key technical level, and is now trading in a lower range, approaching its Realized Price of around $54,900. Currently, there isn’t much buying pressure from regular investors or ETF purchases, and traders aren’t rushing to protect their positions with panic buys.

Read the full Week On-Chain

— glassnode (@glassnode) February 18, 2026

As an analyst, I’ve been tracking the recent downturn in Bitcoin network activity. Santiment’s data, released yesterday, shows a significant drop in both new and unique Bitcoin addresses, suggesting a decrease in its actual use throughout 2025.

As an analyst, I’m looking for concrete signs that crypto is finally starting a sustained recovery. For me, the key will be seeing increases in fundamental network activity – specifically, a rise in the number of active addresses and overall network growth. Until those metrics start trending upwards, it’s hard to say we’re seeing a true, long-term rally.

As a crypto investor, I’ve been watching things closely, and analyst Willy Woo recently pointed out that Bitcoin is still firmly in a downtrend. He believes that how much the price swings – volatility – is a really important signal. He explained that the bear market actually *started* when Bitcoin’s price started jumping around wildly – that quick spike in volatility was the first sign things were turning south.

As volatility increases, the downward trend in the market gets stronger. Eventually, volatility will reach its highest point, usually during the later stages of the downturn. This peak in volatility signals that the downward trend is beginning to lose momentum.

BTC Price Outlook

Bitcoin’s price continued to fall, dipping below $66,000 late Wednesday. While it almost reached $67,000 during Asian trading Thursday morning, it hadn’t recovered to that level by the time this was written.

The asset’s price hasn’t really moved much in the last two weeks, and it seems more likely to continue falling than rising.

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2026-02-19 10:59