Bitcoin climbed back into its prior range, while the liquidation heatmap showed heavier liquidity bands waiting overhead. At the same time, the weekly chart put focus on the 200 week EMA, where the next close could shape the next move. Bitcoin Reclaims Range as Liquidity Bands Stack Overhead Bitcoin traded back near $68,320 on the BTC USD Binance 4 hour liquidation heatmap, after a sharp late February rebound pushed price off the recent lows and back into the middle of the prior range. The chart showed a fast move higher into Feb. 26, following a slide earlier in the month that briefly drove BTC into the low to mid $60,000s before buyers stepped in. Bitcoin Liquidation Heatmap. Source: Columbus on X and MMT Pro Columbus, who posted the update on X, said the latest push did more than bounce, because price reclaimed the range after defending the low. He framed the move as a sign that sellers failed to extend the breakdown, while bids held control during the rebound. The heatmap highlighted thicker “liquidity bands” sitting above current price, with stacked levels visible in the low $70,000s through the $80,000 area. At the same time, the chart showed notable bands below, including around the mid $60,000s and low $60,000s, marking areas where liquidation pressure could cluster if price reverses. Columbus said price action now depends on whether Bitcoin holds around the middle of the range. He added that any pullback that stays within the range would look more like a reset than a breakdown, while the next area of attention sits at the overhead liquidity pockets shown by the brighter bands above current levels. Bitcoin Weekly Tests Long-Term Trend Line Bitcoin’s weekly chart showed price pressing against the 200-week exponential moving average, a long-term trend line that often acts as a key decision zone for market direction. The chart from TradingView marked a rising channel that guided price through 2024 and into early 2025. Recently, price slipped back toward the lower boundary of that channel, while the long-term average curved upward beneath it. This structure placed the market near a zone where prior trends either held or gave way. Bitcoin TetherUS weekly chart. Source: Captain Faibik on X Captain Faibik said a weekly close above the 200-week EMA would signal a recovery phase toward higher resistance zones shown by the upper channel line. He framed the setup as a test of trend control after the pullback from the channel’s upper region. The chart showed repeated reactions near channel boundaries in the past, which often shaped the next leg of the move. The same weekly view also showed how the long-term average rose steadily during the broader advance. That slope reflected the longer-term trend even as shorter swings pulled price back toward the mean. As a result, the next weekly close relative to that moving average remains a focal point for whether price resumes the broader rotation inside the channel or extends the recent correction.
