Bitcoin is testing major support levels on both the weekly and 4 hour charts, with price sitting near the weekly 200EMA and the range low. Meanwhile, a liquidationBitcoin is testing major support levels on both the weekly and 4 hour charts, with price sitting near the weekly 200EMA and the range low. Meanwhile, a liquidation

Bitcoin Price Prediction: Heatmap Flags Next Liquidity Zones

2026/02/23 17:41
3 min read
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Bitcoin is testing major support levels on both the weekly and 4 hour charts, with price sitting near the weekly 200EMA and the range low. Meanwhile, a liquidation heatmap shows heavy liquidity stacked above and another pocket below, setting clear zones for the next reaction.

Bitcoin hovers near weekly 200EMA as sellers press long-term support

Bitcoin traded near $66,316 on the weekly BTC/USD chart as price continued to hover around the weekly 200-period exponential moving average, a long-term trend gauge highlighted by chart analyst Daan Crypto Trades.

Bitcoin Price Prediction: Heatmap Flags Next Liquidity Zones

The latest weekly candle showed Bitcoin pulling back from recent highs and settling near the moving average, with price down about 0.7% on the week at the time of the chart snapshot. The 200EMA has acted as a reference level during prior market phases, and the current test places price close to a long-term support zone that has drawn attention on higher timeframes.

Bitcoin Weekly 200EMA Test. Source: Daan Crypto Trades on X

Price action leading into the level showed a sequence of lower weekly closes after Bitcoin rolled over from its recent cycle peak. The pullback unfolded after several months of choppy trading near the upper range, followed by a sharper decline that brought price back toward the rising long-term averages. On the same chart, the weekly 200-period simple moving average sat lower than the 200EMA, creating a band of longer-term support beneath spot price. This clustering of long-term averages marks a compressed zone where price previously paused during broader trend resets.

The weekly structure now reflects a transition from expansion to consolidation, with recent candles showing deeper wicks into the moving-average area before partial recoveries. Earlier in the cycle, Bitcoin respected rising long-term trendlines during corrective phases before resuming higher. The current positioning near the 200EMA places price at a level that has historically aligned with shifts in momentum on the weekly timeframe.

Bitcoin tests range low as liquidation heatmap shows nearby liquidity pockets

Bitcoin traded near $65,040 on the 4-hour BTC/USDT chart on Binance as price extended lower into the bottom of its recent range, according to data shown on a liquidation heatmap shared by Columbus.

The chart mapped dense liquidation bands above and below spot price, with the heaviest clusters concentrated between roughly $70,000 and $85,000 overhead and another pocket building below the current level. The latest move carried price into the lower boundary of the range after a sharp downswing, placing Bitcoin at a defined reaction area on the intraday timeframe.

Bitcoin Range Low Liquidation Heatmap. Source: Columbus on X

The selloff into the range low unfolded in a steep, directional sequence, with successive red candles pushing through prior intraday support. On the heatmap, that move coincided with the clearing of nearby liquidity, as brighter bands faded near the breakdown path. After the flush, price began to trade sideways near the lows, forming a narrow consolidation band while remaining under thicker liquidity layers overhead. This structure shows price compressing after an impulsive leg, rather than building a broader base during the decline.

The heatmap also highlighted the next notable liquidity pocket below the current range, indicating a lower zone where resting positions cluster if price accepts beneath the range floor. At the same time, dense bands above mark potential magnet areas if price re-enters the prior range. With Bitcoin holding near the lower boundary, the chart frames a near-term inflection area where price response to the range low defines whether trading rotates back toward overhead liquidity or extends into the next lower pocket.

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