{"id":94398,"date":"2026-02-18T09:51:38","date_gmt":"2026-02-18T06:51:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94398"},"modified":"2026-02-18T10:57:04","modified_gmt":"2026-02-18T07:57:04","slug":"a-bear-pennant-points-to-a-possible-drop-in-bitcoin-to-55000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/a-bear-pennant-points-to-a-possible-drop-in-bitcoin-to-55000\/","title":{"rendered":"A \u2018bear pennant\u2019 points to a possible drop in bitcoin to $55,000"},"content":{"rendered":"

The risk that February\u2019s bitcoin correction will persist remains high. A bearish technical backdrop has coincided with increased activity among large holders.<\/p>\n

<\/p>\n

A 20% slide looms<\/h2>\n

A \u201cbear pennant\u201d is forming on the daily chart of the leading cryptocurrency.<\/p>\n

\"BTCUSDT_2026-02-18_08-19-17_b5864\"
Daily BTC\/USDT chart on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

This pattern appears when, after a sharp decline (the \u201cflagpole\u201d), prices compress into a narrow, contracting range. A break below the lower boundary of such a formation typically leads to a new downswing comparable in scale to the initial move.<\/p>\n

A decisive move and close below support could trigger a drop to $56,000 in February (about 20% from current levels). Conversely, a breakout above the trend\u2019s upper boundary and the 20\u2011day EMA<\/span> around $72,700 would invalidate the bearish scenario.<\/p>\n

\u2018Whale\u2019 activity<\/h2>\n

On-chain data reinforce the gloomy outlook. According to CryptoQuant, the seven-day moving average of the inflow ratio from large holders to Binance has hit a record 0.619, up from 0.4 at the start of the month.<\/p>\n

\"Whale_inflow_binance\"
Whale inflow dynamics (Binance exchange). Source: CryptoQuant.\u00a0<\/figcaption><\/figure>\n

The indicator tracks the share of the ten largest transactions in total exchange deposits. According to the analyst known as Darkfost<\/a>, a rising ratio signals increasing price pressure from large players.<\/p>\n

A \u2018durable bottom\u2019<\/h2>\n

Matrixport analysts identified a signal<\/a> that could serve as a short\u2011term counterweight to the bear trend.<\/p>\n

This week the firm\u2019s fear and greed index<\/a> indicated<\/a> that a local bottom may have been reached. The indicator\u2019s 21\u2011day moving average slipped into negative territory and has begun to turn higher.<\/p>\n

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\ud83d\udccaToday\u2019s #Matrixport<\/a> Daily Chart \u2014 February 17, 2026 \u2b07\ufe0f<\/p>\n

Bitcoin Sentiment Hits Extreme Lows \u2070\u2014 Durable Bottom Are Emerging?<\/p>\n

#Matrixport<\/a> #Bitcoin<\/a> #BTC<\/a> #CryptoMarkets<\/a> #MarketSentiment<\/a> #FearAndGreed<\/a> #RiskManagement<\/a> #Volatility<\/a> #CryptoResearch<\/a> pic.twitter.com\/WxJg3xrHSf<\/a><\/p>\n

\u2014 Matrixport Official (@Matrixport_EN) February 17, 2026<\/a><\/p><\/blockquote>\n