Bitcoin chart pattern, whale activity warn of another 20% price drop
CoinTelegraph
by Yashu GolaFebruary 17, 2026
Bitcoin has formed a classic bearish pattern on its daily chart, and if confirmed, a price drop to $56,000 could be on the cards.
Key takeaways:
A developing bear pennant keeps a BTC price drop toward $56,000 in play.
Rising whale inflows to Binance further the downside outlook.
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Originally published on CoinTelegraph on 2/17/2026