{"id":135465,"date":"2026-02-16T02:45:34","date_gmt":"2026-02-16T02:45:34","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=135465"},"modified":"2026-02-16T02:45:34","modified_gmt":"2026-02-16T02:45:34","slug":"bitcoin-price-faces-another-rejection-as-upside-momentum-fades","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=135465","title":{"rendered":"Bitcoin Price Faces Another Rejection As Upside Momentum Fades"},"content":{"rendered":"

Bitcoin price failed to stay above $70,000 and started another decline. BTC is now trading below $68,800 and might extend losses in the near term.<\/em><\/p>\n

Bitcoin is slowly moving lower below $69,500 and $69,200.
\nThe price is trading near $68,400 and the 100 hourly simple moving average.
\nThere was a break below a bullish trend line with support at $69,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might dip again if it trades below the $68,400 and $68,000 levels.<\/p>\n

Bitcoin Price Dips Again<\/h2>\n

Bitcoin price failed to remain stable above the $70,000 zone. BTC started a fresh decline and traded below the $69,200 support zone<\/a>. There was a push below $69,000.<\/p>\n

The price dipped below the 38.2% Fib retracement level of the upward move from the $65,072 swing low to the $70,935 high. Besides, there was a break below a bullish trend line with support at $69,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading near $68,400 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 $68,800 level.<\/p>\n

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

The first key resistance is near the $69,500 level. A close above the $69,500 resistance might send the price further higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send the price toward the $70,500 level. The next barrier for the bulls could be $72,000 and $72,500.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $69,500 resistance zone, it could start another decline. Immediate support is near the $68,200 level. The first major support is near the $68,000 level or the 50% Fib retracement level of the upward move from the $65,072 swing low to the $70,935 high.<\/p>\n

The next support is now near the $67,350 zone. Any more losses might send the price toward the $67,350 support in the near term. The main support now sits at $66,500, 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 $66,500.<\/p>\n

Major Resistance Levels \u2013 $69,500 and $70,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price failed to stay above $70,000 and started another decline. BTC is now trading below $68,800 and might extend losses in the near term. Bitcoin is slowly moving lower below $69,500 and $69,200. The price is trading near $68,400 and the 100 hourly simple moving average. There was a break below a bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":135466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-135465","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\/135465"}],"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=135465"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/135465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/135466"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}