Bitcoin (BTC) is experiencing pressure in the short term, with bearish momentum and selling pressure dominating the market before the release of US inflation data at 8:30 AM Eastern Time today. However, experts have indicated that the price of BTC may continue rising if support is maintained.
At the time of writing, Bitcoin is trading at $66,628, with a 24-hour volume of $62.65 billion and a market capitalization of $1.33 trillion, according to data from CoinMarketCap. Over the last 24 hours, BTC has slipped 0.57%, reflecting short-term selling pressure across major exchanges.
Bitcoin Market Awaits CPI Impact
Crypto analyst More Crypto Online posted on February 13, 2026, that the market may be positioning for a bigger upmove, possibly an ABC corrective pattern. In that case, Bitcoin may target a price range of $86,600 to $115,040. However, for the rally to sustain, support zones have to hold on lower timeframes.
Another factor that investors should take into account is the U.S. CPI report, which may greatly affect market trading behavior today. A deviation from market expectations may cause volatility in the market, affecting retail and institutional positions.
Meanwhile, the possibility of a downside move cannot be excluded. The move up from the 6th of February is still treated as a correction, a three-wave move.
The market is still fragile. In an alternate view, the move up from the 6th of February could be a start to a larger fourth wave. This would imply that a move to new all-time highs is possible, but only if a five-wave move up is completed.
For bullish momentum to resume, Bitcoin has to overcome the current weekend high and move past the $74,460 price point, which is equivalent to the low of April. The price thresholds are important for investors.
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Technical Indicators Show Bearish Pressure
Technical indicators for the stock for the next week are bearish. The Relative Strength Index for the stock has fallen to 27.25, which is below the signal line of 37.22.
The Moving Average “Ribbon” for Bitcoin indicates that Bitcoin is trading below its major moving averages: the 20-SMA at $93,987, the 50-SMA at $99,697, and the 100-SMA at $87,383. The 200-SMA is trading lower at $58,219.
Similarly, the MACD indicator has also indicated bearish momentum, with the MACD line standing at -2,916, which is below the signal line of -5,251 and the histogram standing at -8,167.
Overall, Bitcoin is struggling in the short term. Without any increase in buying momentum, the trends suggest further falls are to come.
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