In this video: Bitcoin appears ready to retest recent lows as gold and silver complete their topping reversal, while the S&P 500 remains in limbo.
In today’s update, Krown breaks down the key intermarket signals and what would confirm further downside — or invalidate the move. Video by Krown.
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As of February 17, 2026, Bitcoin is indeed navigating a precarious technical setup, trading near $68,151 and remaining vulnerable to a retest of its recent February 5-6 lows around $60,000–$62,000. Simultaneously, gold and silver are grappling with a sharp correction from their late-January record highs, which some analysts characterize as a "topping reversal" or a necessary "cooling cycle" after parabolic gains.
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Bitcoin Technical Landscape
Bitcoin has faced persistent selling pressure throughout February, struggling to reclaim key psychological and technical levels.
-Recent Performance: After crashing approximately 50% from its October 2025 high of $126,000, Bitcoin hit a local low near $60,062 on February 6 before a modest recovery to the $68,000 range.
-Key Resistance: Bulls must decisively reclaim the $72,000–$73,500 zone to shift momentum. Failure to do so keeps the "flush" toward lower support in play.
-Critical Support: Analysts at Pepperstone and Investing.com identify $65,000 as immediate support, with a break likely leading to a retest of the $58,000–$60,000 region, where the 200-week moving average resides.
-Market Sentiment: The Crypto Fear & Greed Index has plummeted to 11-14 (Extreme Fear), levels not seen since the 2022 FTX collapse.
Precious Metals: Reversal or Reset?
Gold and silver experienced a "reality check" at the end of January, seeing their sharpest daily declines in decades following a massive rally.
-Gold (XAU): Peaked above $5,500 in late January before plunging to test support in the $4,750–$4,825 range. As of today, it is consolidating near $4,877.
-Silver (XAG): Underwent a "historic crush," falling over 40% in three days from a peak of $120–$130 to a current level near $74.45–$86.50.
-Bearish Drivers: A strengthening US Dollar and the hawkish sentiment surrounding Kevin Warsh's nomination for Fed Chair have acted as primary headwinds for dollar-denominated commodities.
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