Bitcoin Targets $64,000 Support Amid Liquidity Hunt

Bitcoin is facing renewed downward pressure as it hovers near critical liquidity zones, with traders eyeing untapped levels around $64,000 after a 3.2% drop over the past week as of February 14, 2026. The leading cryptocurrency’s price action suggests a potential test of this support in the near term, setting the stage for significant swings next week.

Price Action Details

Bitcoin’s current price stands at $68,200, reflecting a 1.1% decline in the last 24 hours, a 3.2% drop over 7 days, and a 5.4% decrease over the past 30 days, according to data from CoinGecko. Key support lies at $64,500, with resistance at $71,422, while the H1 support/resistance level at $68,000 remains pivotal after a recent flip. Trading volume over the past 24 hours reached $28.3 billion, 12% below the 7-day average of $32.1 billion, signaling reduced market participation. Bitcoin’s market cap now sits at $1.34 trillion, down from $1.41 trillion a week ago.

Driving Factors

The current bearish momentum stems from a market structure break (MSB) identified by analyst Lennaert Snyder, who notes the formation of a trading range between $64,500 and $71,422. On-chain data from CoinMarketCap shows a 15% increase in selling pressure from retail investors over the past 48 hours, contributing to the downward trend. Whale activity has been muted, with only $120 million in net inflows to exchanges over the past week, per Glassnode metrics. A lack of major news catalysts this weekend further amplifies focus on technical levels for direction.

Broader Market Context

Bitcoin’s performance mirrors broader crypto market weakness, with Ethereum (ETH) down 2.8% in 24 hours to $2,450 and a 6.1% decline over 7 days, underperforming BTC slightly. Sector-wise, DeFi total value locked (TVL) remains flat at $82.4 billion per DefiLlama, while NFT trading volume on platforms like OpenSea dropped 9% week-over-week to $310 million. The Crypto Fear & Greed Index sits at 39 (Fear), down from 45 last week, reflecting cautious sentiment. Crypto analyst Scient warns of a potential short-term push to $73,000 before a deeper pullback, urging traders to monitor the $68,000 H1 support closely via Crypto News.

Strategic Implications

Traders are preparing for high-probability setups as Bitcoin nears the $64,500 liquidity zone, with potential reversals for long entries or continuation shorts if support fails. The premium zone high at $72,200 and stacked liquidity between $73,000 and $74,000 could attract temporary buying pressure, per Scient’s analysis. Staying updated on these levels through resources like DeFi News can help navigate the volatile weekend range. With key zones in play, the next 48 hours will likely define Bitcoin’s trajectory for the upcoming week.