NewsBTC
Mar 2, 2026
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BEARISH 📉 : Bitcoin struggles below resistance with potential downside risks

Bitcoin Price Movement

  • Bitcoin increased above $66,000 and is consolidating around this level.
  • Currently trading below $67,000 and the 100 hourly simple moving average.
  • A bearish trend line resistance is at $67,000 on the BTC/USD hourly chart.
  • If Bitcoin falls below $65,500 and $65,000, it may dip further.

Resistance Levels and Potential Upside

  • Bitcoin formed a base above $63,500 and surpassed the $64,500 resistance zone.
  • Recently corrected gains after reaching a high of $68,180.
  • Key resistances: $67,000 and $68,200. A close above $68,200 could push the price towards $69,500 and potentially $70,000.
  • Ultimate resistance targets are $70,500 and $71,200.

Bitcoin Price

Potential Downside

  • If unable to surpass $67,000, Bitcoin may decline further.
  • Immediate support levels are at $65,500 and $65,000.
  • Further support exists at $64,250 and $64,000. Main support stands at $63,000.

Technical Indicators

  • Hourly MACD is losing pace in the bullish zone.
  • The RSI for BTC/USD is above the 50 level.
  • Major Support Levels: $65,500 and $65,000.
  • Major Resistance Levels: $67,000 and $68,200.