A bullish "Adam and Eve" pattern has formed on the chart of the leading cryptocurrency, with a breakout above $72,000 likely to push the asset to $80,000. This was noted by analyst Ash Crypto.
He also pointed out that the OTHER/BTC index has reached a four-month high and is above the levels seen during the crash on October 10, 2025.
“Altcoins are holding strong against Bitcoin, and we could see a rally very soon,” Ash Crypto added.
According to MN Trading founder Michaël van de Poppe, digital gold has established itself in a "potential bounce" zone, paving the way to $80,000.
Potential bounce area on #Bitcoin has held.
— Michaël van de Poppe (@CryptoMichNL) February 15, 2026
Now; it's time for the continuation towards $80k.
It's good to see that #Altcoins are acting stronger. pic.twitter.com/QMBMmQXzIk
However, analyst Daan Crypto pointed out minimal changes in the Coinbase premium. The discount remains "quite significant," a trend observed throughout 2026.
$BTC Not much change in terms of the Coinbase premium which can be seen at the bottom of the chart.
— Daan Crypto Trades (@DaanCrypto) February 15, 2026
Still a pretty hefty discount which has been the case for pretty much all of 2026.
This is of course on the back of the bearish price action and net outflows of spot ETFs this… pic.twitter.com/sMrezRdZdP
“This is certainly related to the bearish trend and net outflows from spot ETFs,” he explained.
Where's the Bottom?
Joao Wedson, founder and CEO of Alphractal, discussed how to identify Bitcoin's lows using the long-term holders (LTH) realized price metric.
Another curious way to identify Bitcoin bottoms. 👀
— Joao Wedson (@joao_wedson) February 14, 2026
Historically, the major bottoms occurred when the price reached the -0.2 standard deviation level of the LTH Realized Price. This point marked classic capitulation phases and the final opportunity to buy before a new Bull… pic.twitter.com/C73lXWaj9i
Historically, major lows formed when the price of the leading cryptocurrency reached the -0.2 level relative to this metric.
“This point marked classic capitulation phases and the last opportunity to buy before the start of a new bull market. Today, the behavior is different. The price cannot hold above +1 from the standard deviation, indicating continued aggressive selling by bears in these areas,” Wedson clarified.
The LTH realized price line acts as support and resistance levels, according to the expert. When the metric approaches extremely negative values, the likelihood of forming a structural low increases.
A crypto trader known as Satoxis noted aggressive buying by whales. According to his analysis, the outflow from exchanges averages 3.2% over 30 days, indicating ongoing accumulation as large holders withdraw Bitcoin from trading platforms.
“When large investors move coins at such a rate, it reduces the available supply on exchanges, decreases liquidity, and creates conditions for a sharp rise after demand recovers. Retail investors remain cautious,” Satoxis emphasized.
As of this writing, Bitcoin is trading around $70,300, having gained about 1.5% in the last 24 hours.
Crypto analysts at CryptoQuant doubt that the correction of the leading cryptocurrency has ended. Despite significant loss-taking, on-chain metrics do not yet confirm the formation of a structural bottom.