NewsBTC
Feb 17, 2026
2 0

BEARISH 📉 : Bitcoin struggles below $70,000 with potential for further decline

Bitcoin's price experienced a correction, testing the support at $67,500, and is now recovering.

  • The price is above $68,800 and the 100-hourly simple moving average.
  • A declining channel with resistance at $69,550 is forming on the hourly BTC/USD chart.
  • If Bitcoin dips below $68,000, it may test the $67,400 level again.
  • Key resistance levels to watch are $69,500 and $70,500, with potential to reach $71,200 if broken.
  • Support levels include $68,000 and $67,400, with stronger support at $65,000.

Bitcoin Price

Technical indicators:

  • Hourly MACD shows bullish momentum.
  • Hourly RSI is above 50, indicating strength.