Futures traders have significantly reduced bearish positioning on Bitcoin, suggesting a potential price rebound.

Historical data highlights similar sentiment changes preceding major rallies in 2025 and 2023.

On February 22, 2026, Cointelegraph reported that traders in Bitcoin’s futures market had significantly reduced their bearish bets, signaling a shift toward bullish momentum. This sentiment adjustment often precedes notable price rallies, with similar patterns contributing to a 70% rise in 2025 and a remarkable 190% surge in 2023. Current trends suggest a pivotal shift, reinforcing the cryptocurrency’s potential for upward movement.

Technical indicators further align with the prospect of a Bitcoin price increase. Bitcoin has held above the critical 200-week exponential moving average, a historically significant level that often suggests bearish phases are ending. Additionally, the weekly relative strength index (RSI) indicates diminishing selling pressure, supporting analysts’ price target of $85,000. If the prevailing market conditions continue, this target may reflect the next significant milestone for Bitcoin.

However, potential risks remain despite the optimism. Cointelegraph noted that breaches in key support levels could trigger a substantial price drop. A loss of critical support previously led to major downtrends in 2022, and analysts forecast a possible price bottom between $40,000 and $50,000 based on Bitcoin’s four-year cycle dynamics. This cautionary note underlines the cryptocurrency’s vulnerability, even amid positive signals.

As of February 22, 2026, at 18:08 UTC, Bitcoin is trading at $67,313.63, with a 1.6% decrease in 24-hour trading volume, according to CoinMarketCap.