{"id":135795,"date":"2026-02-17T02:36:28","date_gmt":"2026-02-17T02:36:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=135795"},"modified":"2026-02-17T02:36:28","modified_gmt":"2026-02-17T02:36:28","slug":"bitcoin-price-holds-the-line-but-can-bulls-force-a-break-higher","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=135795","title":{"rendered":"Bitcoin Price Holds The Line, But Can Bulls Force A Break Higher?"},"content":{"rendered":"

Bitcoin price corrected gains and tested the $67,500 support. BTC is now recovering and might aim for an upside break above $69,500.<\/em><\/p>\n

Bitcoin is recovering losses and moving higher above $68,500.
\nThe price is trading above $68,800 and the 100 hourly simple moving average.
\nThere is a declining channel forming with resistance at $69,550 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 $67,400 levels.<\/p>\n

Bitcoin Price Faces Resistance<\/h2>\n

Bitcoin price failed to remain stable above the $70,000 zone. BTC started a fresh decline and traded below the $69,000 support zone<\/a>. There was a push below $68,000.<\/p>\n

The price dipped below the 50% Fib retracement level of the upward move from the $65,072 swing low to the $70,935 high. However, the bulls remained active near the $67,400 zone. The price is again moving higher and gaining pace above $68,500.<\/p>\n

Bitcoin is now trading above $68,800 and the 100 hourly simple moving average<\/a>. If the price remains stable above $68,200, it could attempt a fresh increase. Immediate resistance is near the $69,500 level. There is also a declining channel forming with resistance at $69,550 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

The first key resistance is near the $70,500 level. A close above the $70,500 resistance might send the price further higher. In the stated case, the price could rise and test the $71,200 resistance. Any more gains might send the price toward the $72,000 level. The next barrier for the bulls could be $72,200 and $72,500.<\/p>\n

Another Decline 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 $68,000 level. The first major support is near the $67,400 level or the 61.8% 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 $67,000 zone. Any more losses might send the price toward the $66,000 support in the near term. The main support now sits at $65,000, 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 bullish zone.<\/p>\n

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

Major Support Levels \u2013 $68,000, followed by $67,400.<\/p>\n

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

Bitcoin price corrected gains and tested the $67,500 support. BTC is now recovering and might aim for an upside break above $69,500. Bitcoin is recovering losses and moving higher above $68,500. The price is trading above $68,800 and the 100 hourly simple moving average. There is a declining channel forming with resistance at $69,550 on […]<\/p>\n","protected":false},"author":0,"featured_media":135796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-135795","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\/135795"}],"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=135795"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/135795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/135796"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}