Bitcoin Targets $80,000 as Traders Anticipate a Short‑Term Rebound
February 14 2026 – Bitcoin (BTC) surged past the $69,000 threshold on Friday after U.S. consumer‑price data indicated a slowdown in inflation. The softer CPI numbers have revived optimism that the cryptocurrency could stage a brief recovery, with some analysts now eyeing the $80,000 level as a possible short‑term target.
Key Takeaways
- Resistance zone: A decisive move above the $68,000‑$70,000 band is required for a bullish breakout.
- Support test: Confirmation of the $65,000 region as a firm floor would increase the likelihood of a rapid price lift.
- Potential upside: Technical models suggest a “short squeeze” could propel Bitcoin toward $80,000 if liquidation pressure is triggered above $72,000.
- Liquidity pockets: Large clusters of pending sell orders sit near $75,000 and $80,000, while buy walls are concentrated around $64,500‑$65,000.
Recent Price Action
The price rally was sparked by the release of U.S. CPI figures that showed inflation cooling faster than expected. The data lifted risk‑on sentiment across markets, prompting Bitcoin to climb above $69,000. However, the advance stalled near $68,000, a level that several on‑chain and technical analysts consider a pivotal barrier.
Daan Crypto Trades, who monitors Bitcoin’s intraday charts, noted that the digital asset was repeatedly pushed back when attempting to breach the $68,000 mark on Thursday. The one‑hour chart has been forming a descending wedge, a pattern that typically precedes a short‑term bounce if the upper trendline is broken.
If the price can pierce the $68,000 resistance, the wedge’s breakout could trigger a rally to the pattern’s neckline around $72,000. That move would also align Bitcoin with its 20‑period exponential moving average (EMA) near $67,500, adding further technical confirmation.
Bullish Scenario
Analyst Ted Pillows highlighted that maintaining the $65,000‑$66,000 support zone is crucial. Should the level hold, a retest of the $70,000 region could generate an 8‑10 % surge in a matter of days. Moreover, a sustained advance past $72,000 would revive expectations of a climb toward the 20‑day EMA at roughly $76,000 and, eventually, the 50‑day simple moving average around $85,000—an upside of about 26 % from current levels.
Liquidity Landscape and Short‑Squeeze Risk
Data from futures‑market analytics provider CoinGlass reveals two sizable ask walls just below $75,000 and near $80,000. Simultaneously, bid clusters sit around $64,500. As long as Bitcoin remains beneath these ask zones, short positions are accumulating, especially in the $72,000‑$75,000 band.
ZordXBT, a Bitcoin market commentator, warned that liquidations could mount sharply above $72,000. If the price pierces that threshold, short sellers may be forced to cover, feeding a rapid price surge toward the next liquidity hotspot around $80,000.
Outlook
The short‑term outlook hinges on two technical tests:
- Break of the $68,000‑$70,000 resistance: A clean move above this band would validate the descending‑wedge pattern and set the stage for a run to $72,000.
- Hold of the $65,000 support: Confirmation of this floor would strengthen confidence that the upside can be sustained and could prompt a swift 8‑10 % rally.
Failure to clear either barrier could see Bitcoin revert to a deeper correction, with the $65,000‑$66,000 zone serving as the next line of defence.
The analysis above is for informational purposes only and does not constitute investment advice. All cryptocurrency trading involves risk; readers should perform their own due diligence before making any financial decisions.
Source: https://cointelegraph.com/news/bitcoin-dollar72k-target-possible-if-v-shaped-recovery-pattern-completes?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
