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Reading: Why Did BTC Coin Pump to $69,500 Today?
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Mycryptopot > News > Crypto > Bitcoin > Why Did BTC Coin Pump to $69,500 Today?
Bitcoin

Why Did BTC Coin Pump to $69,500 Today?

February 26, 2026 4 Min Read
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After weeks of grueling “Excessive Concern” and a gentle decline towards the $60,000 mark, Bitcoin has reminded the market why it’s the king of volatility. In a single 4-hour candle on February 25, 2026, $Bitcoin shot up by over 3%, breaking by a number of native resistance ranges. This transfer has successfully invalidated the rapid bearish narrative that noticed $BTC pinned under $65,000 simply hours in the past.

What Brought on the Bitcoin Pump?

The first catalyst for at this time’s transfer seems to be a mixture of macro-economic optimism and technical liquidations.

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  • The Trump Impact: President Donald Trump’s State of the Union handle highlighted cooling inflation and record-low mortgage charges, which boosted danger urge for food throughout the Nasdaq and S&P 500.
  • The Brief Squeeze: In response to knowledge from main exchanges, over $323 million in leveraged positions had been liquidated in 24 hours. As short-sellers had been pressured to purchase again their positions to cowl losses, it created a suggestions loop that accelerated the worth upward.

Bitcoin Value Evaluation: Breaking the $68,500 Ceiling

Wanting on the 4-hour $BTC/USD chart from Bitstamp, we will observe a number of vital technical developments.

BTCUSD

$BTC/USD 4H chart

  • V-Form Restoration: The value bounced sharply off the $64,000 stage, forming a neighborhood double-bottom construction.
  • Resistance Flip: The earlier resistance at $68,500 has been breached. For the bulls to take care of management, Bitcoin wants to shut a 4-hour candle above this line to verify it as new assist.
  • Stochastic RSI Overbought: The Stochastic RSI has reached the 100.00 mark. Whereas this reveals immense shopping for momentum, it additionally means that the rally might have a quick “cool-off” or consolidation interval earlier than making an attempt to interrupt the main $72,000 resistance.

What’s a Brief Squeeze?

Within the context of at this time’s worth motion, a brief squeeze happens when an asset’s worth rises unexpectedly, forcing merchants who wager on a worth drop (short-sellers) to shut their positions. To shut a brief, they have to purchase the asset, which provides much more upward stress on the worth. This usually ends in the vertical “spikes” seen on the chart at this time.

Market Sentiment and ETF Inflows

Institutional curiosity stays a spine for this restoration. U.S. Spot Bitcoin ETFs recorded a web influx of $257.7 million on Tuesday, marking the best single-day influx since early February. This means that whereas retail sentiment was in “Excessive Concern,” institutional “sensible cash” was actively shopping for the dip.

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Bitcoin Prediction: Can $BTC Hit $72,000?

The subsequent 24 hours are essential. If Bitcoin can flip the $69,500 stage into assist, the trail towards the $72,000 goal turns into clear. Nonetheless, merchants ought to look ahead to the upcoming nuclear talks between the US and Iran, as geopolitical tensions usually trigger “flight to security” strikes that may briefly pull liquidity out of crypto and into gold.

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