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Bitcoin Price This Week: Everything You Need to Know

Bitcoin Price This Week: Everything You Need to Know

Author:
Bitcoinist
Published:
2026-02-23 21:30:41
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Bitcoin's price action this week has traders glued to their screens—volatility is back, and the charts are telling a story of momentum versus resistance.

Breaking Down the Moves

Key technical levels are being tested. Support zones held early in the week, but a push toward recent highs faced immediate selling pressure. The tug-of-war between bulls and bears is playing out in real-time across major exchanges.

Market Sentiment Check

Institutional flows show a mixed picture, while retail interest, measured by social volume and search trends, spiked on the upside moves. The fear-and-greed index swung wildly—classic behavior when Bitcoin decides to remind everyone who's in charge.

The Macro Shadow

Traditional finance whispers still echo in crypto corridors. Every old-guard analyst's inflation take seems to get a reflexive, if slightly delayed, reaction in BTC—proving crypto markets are maturing, just with the emotional regulation of a teenager.

What's Next?

All eyes are on whether this week's consolidation turns into a springboard or a stumbling block. The network fundamentals remain robust, but price, as always, has a mind of its own. One thing's certain: the boring sideways action is over. Buckle up.

From Market Euphoria To A Major Bitcoin Price Crash

In an X post on February 22, Doctor Profit shared a bitcoin price report, outlining six stages of the bear market based on patterns he has observed in every major Bitcoin cycle. His framework emphasized recurring drivers such as liquidity mechanics, leverage positioning, and predictable human behavior under stress and panic. 

For Stage 1, Doctor Profit stated Bitcoin saw euphoric buying between $115,000 and $125,000 in 2025. He noted that despite the extreme bullish sentiment, the market was overleveraged and overloaded. Extended sideways movement also occurred at these highs, fueled by sudden price spikes, which created an illusion of strength. According to the analyst, late market participants believed risk had disappeared, while price predictions reached extreme levels, reflecting the highest phase of greed. 

Bitcoin

Following this, Stage 2 began when Bitcoin dropped below the $100,000 psychological level. Doctor Proft explained that this level was critical because its loss triggered stress among short-term investors and forced Leveraged traders out. He stated that the price drop was rapid and dramatic, with the October 10, 2025, flash crash producing the largest liquidation event in crypto history within hours. 

Subsequently, Doctor Profit revealed that Stage 3 confirmed the bear market through an even more brutal decline. He stated that the Bitcoin price had fallen from $97,000 in January 2026 to $47,000 in February, representing a more than 50% crash from the all-time highs in just 30 days. The analyst emphasized that this phase was the fastest and most punishing, leaving many investors in deep panic and forcing them to incur losses they could not mitigate quickly enough. He noted that nearly half of Bitcoin’s market capitalization was wiped out during this short period, completing what he described as a “violent mechanical repricing.”

Where The Market Stands And What Comes Next

In his report, Doctor Profit noted that Bitcoin is currently in Stage 4 of his bear market framework. He said that this phase is characterized by dehydration, depression, and liquidity creation. The chart shows clearly defined sideways, marking upside and downside boundaries. According to the analyst, this current stage is less violent than the previous one. However, it extremely exhausts retail traders, generating liquidity as market makers trap both breakout traders and breakdown sellers. 

The analyst stated that Stage 4 also drives the largest short-term holder capitulation. He noted that retail traders who missed selling in earlier stages are now exiting at a loss. As a result, he expects a short-to-mid-term bounce between $57,000 and $60,000 within the current sideways range. Following this, a breakdown toward Stage 5 is more likely to occur in the next few months.

Notably, Doctor Profit described Stage 5 as the “true capitulation phase.” He stated that this stage will bring total fear and panic, potentially involving the collapse of a major player or a black swan event. The analyst updated his previous Bitcoin projections of $40,000-$50,000 to an ultimate bottom of $35,000-$45,000. This suggests another significant downside from current levels, where the analyst says the capitulation will likely play out. 

For the final phase, Doctor Profit said Stage 6 will combine continued sideways movement with structural recovery. He stated that selling pressure will gradually decrease and the market will begin creating the foundations for its next bullish cycle. He added that large players could also begin accumulating here, while retail investors may become greedy for lower prices and ultimately miss the true market bottom. He said this WOULD be a perfect repeat of every bull cycle, where retail investors buy high and sell low.

Bitcoin

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