{"id":134222,"date":"2026-02-11T02:53:50","date_gmt":"2026-02-11T02:53:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=134222"},"modified":"2026-02-11T02:53:50","modified_gmt":"2026-02-11T02:53:50","slug":"bitcoin-price-fails-to-stabilize-is-another-drop-imminent","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=134222","title":{"rendered":"Bitcoin Price Fails To Stabilize, Is Another Drop Imminent?"},"content":{"rendered":"

Bitcoin price started a recovery wave above $68,500. BTC is now struggling to clear $72,000 and might start another decline in the near term.<\/em><\/p>\n

Bitcoin is attempting to recover but is facing many hurdles near $72,000.
\nThe price is trading below $70,000 and the 100 hourly simple moving average.
\nThere is a short-term bearish trend line forming with resistance at $69,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might dip again if it trades below the $68,000 and $67,700 levels.<\/p>\n

Bitcoin Price Faces Resistance<\/h2>\n

Bitcoin price managed to remain stable above the $66,500 zone. BTC started a recovery wave and was able to climb above the $68,000 resistance zone<\/a>.<\/p>\n

The price surpassed the 50% Fib retracement level of the downward move from the $78,988 swing high to the $60,500 low. However, the bears seem to be active near the $72,200 and $72,500 levels. Besides, there is a short-term bearish trend line forming with resistance at $69,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $70,000 and the 100 hourly simple moving average<\/a>. If the price remains stable above $68,000, it could attempt a fresh increase. Immediate resistance is near the $69,200 level and the trend line.<\/p>\n

<\/a><\/p>\n

The first key resistance is near the $71,000 level. A close above the $71,000 resistance might send the price further higher. In the stated case, the price could rise and test the $72,000 resistance or the 61.8% Fib retracement level of the downward move from the $78,988 swing high to the $60,500 low. Any more gains might send the price toward the $73,500 level. The next barrier for the bulls could be $74,000 and $74,500.<\/p>\n

Another Decline In BTC?<\/h2>\n

If Bitcoin fails to rise above the $71,500 resistance zone, it could start another decline. Immediate support is near the $68,000 level. The first major support is near the $67,650 level.<\/p>\n

The next support is now near the $65,500 zone. Any more losses might send the price toward the $65,000 support in the near term. The main support now sits at $63,200, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $68,000, followed by $67,600.<\/p>\n

Major Resistance Levels \u2013 $71,500 and $72,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a recovery wave above $68,500. BTC is now struggling to clear $72,000 and might start another decline in the near term. Bitcoin is attempting to recover but is facing many hurdles near $72,000. The price is trading below $70,000 and the 100 hourly simple moving average. There is a short-term bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":134223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-134222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/134222"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134222"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/134222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/134223"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}