NewsBTC
Feb 19, 2026
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BEARISH 📉 : Bitcoin faces further decline, struggles below $67,200

Bitcoin's price has seen a correction, testing the support at $66,000. It is currently consolidating losses and may decline further if it breaks below the $65,500 zone.

  • BTC struggles below $67,200 and the 100 hourly simple moving average.
  • A declining channel with resistance at $68,000 is forming on the hourly BTC/USD chart.
  • The price dipped below the 76.4% Fib retracement level from the $65,072 low to the $70,935 high.
  • Immediate resistance levels are at $67,350 and $68,000.
  • If Bitcoin breaks above $68,000, it could rise towards $68,800 and potentially $69,500.

Bitcoin Price

Potential for Further Decline

  • If BTC fails to surpass the $68,000 resistance, another decline might occur.
  • Immediate support resides near $66,000, with major support at $65,500.
  • A further drop could target supports at $64,200 and $63,500.

Technical Indicators

  • Hourly MACD: Increasing in the bearish zone.
  • Hourly RSI: Below the 50 level.
  • Support Levels: $66,000, $65,000.
  • Resistance Levels: $67,350, $68,000.