Bitcoin prices are trading in a narrow consolidating range around $68,000 as the market awaits signals from the upcoming White House meeting on digital asset regulation, with the proposed Transparency Act emerging as a potential sentiment driver for the next direction.
summary
- Bitcoin is consolidating near $68,000, with prices hovering around a key long-term moving average as traders await signals from today’s White House meeting on digital asset regulation.
- Momentum remains weak, with the Relative Strength Index (RSI) stuck in the low 30s, suggesting upside may remain limited unless: $BTC Resistance near $70,000 can be regained.
- The regulatory tone could be a trigger, as debate over the Clarity Act could impact sentiment and determine whether Bitcoin breaks out towards $72,000 or revisits support near $66,000.
Price action suggests Bitcoin ($BTC) is stabilizing after a volatile start to the year, with traders growing cautious as policy expectations collide with key technical levels.
🚨 Breaking news
The White House is discussing rules for cryptocurrencies today.
JP Morgan, Bank of America, Wells Fargo, Coinbase, and Ripple & Circle all sat at the same table.
Topic: Stablecoin yield + tokenization.
It will be clear in a few hours 👀 #XRP pic.twitter.com/92Ec5ibn8o
— Amonyx (@amonyx) February 10, 2026
Bitcoin price stabilizes around major moving averages
As shown in the chart, Bitcoin price has been fluctuating around key long-term moving averages, which have been acting as dynamic resistance and support in recent weeks.
After briefly exceeding levels seen in early January, $BTC It was unable to maintain the upward momentum and retreated into a flat range.
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This repeated interaction with the moving average highlights the market’s indecision as buyers enter the push and sellers cap the rally around the same zone.
Momentum indicators are increasingly cautious. The Relative Strength Index (RSI) is currently hovering in the low 30s, still below the neutral 50 level, indicating weak underlying momentum.
The RSI has stabilized after approaching oversold territory, but has not yet shown a convincing bullish reversal. This suggests that without a clear catalyst or a decisive break above resistance, any attempt to move higher may struggle.
From a market structure perspective, Bitcoin remains range-bound, forming lows since mid-January, but upward attempts have repeatedly stalled near the same resistance bands.
If Bitcoin can sustain the day’s close above $70,000, momentum could improve and open the door for a move towards the $72,000-$73,000 resistance zone. A breakout with RSI pushing back above 40-50 will strengthen the bullish trend.
On the downside, failure to sustain the $66,000-$67,000 support area could increase risk. $BTC There was an even bigger pullback towards the $63,000-$64,000 range, where buyers had previously intervened.
Why transparency laws are receiving renewed attention
Today’s White House meeting on digital asset regulation will bring together policymakers, regulators, and industry representatives to discuss the supervisory framework in this area, including the Clear Act.
Although no immediate legislative results are expected, market participants are closely monitoring the tone and signs of progress towards regulatory clarity.
Bitcoin, which is widely considered a commodity, is seen as potentially benefiting from clearer regulatory definition. The momentum of today’s debate could shift sentiment, especially if leadership signals bipartisan support for structured surveillance.
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