#TrumpAnnouncesNewTariffs make or break" pivot point as of February 21, 2026.

After the historic climb to $126,000 in late 2025, this ~46% retracement has brought us into a classic accumulation-or-capitulation zone. Here is a deeper look at the data to help you decide on that "Buy the Dip" move.
📊 Technical Check: The $70,000 Wall
The market is currently treating $70,000 as the ultimate "sanity check" for bulls.🧠 The "Why": Macro & Sentiment
The reason we’re seeing this "cautious momentum" boils down to a few key factors:
Liquidity Tightening: Stronger-than-expected US economic data (PMIs and Jobs) has cooled hopes for aggressive rate cuts, making investors lean toward safer assets like Treasuries.
The "Fear" Factor: The Crypto Fear & Greed Index is hovering near 8 (Extreme Fear). Historically, this is often where the "smart money" starts building positions, but it’s uncomfortable for the average trader.
Miner Pressure: With BTC trading below the estimated average mining cost (currently near $87,000), miners are under significant stress, which sometimes leads to "capitulation selling" before a true reversal.
🚀 Target Outlook
The Bull Case: If we reclaim $72,500 with high volume, the target shifts quickly to $80,000+. Analysts like Bloomberg’s Balchunas are still eyeing a return to $130,000–$150,000 by year-end 2026, provided ETF inflows resume.
The Bear Case: If $65,000 fails, expect a "liquidity flush" down to $60,000. If $60k breaks, we could see a deeper search for value near $52,000–$56,000.
💡 Final Verdict: Buy the Dip or Wait?
If you are a Long-Term Holder: "Buying the dip" in stages (DCA) between $62k and $68k historically pays off, as you aren't trying to catch the exact bottom of a 47% drawdown.
If you are a Trader: Waiting for a confirmed break above $70,000 or a retest of $62,000 offers a better risk-to-reward ratio than entering in the middle of this "no man's land."