{"id":136138,"date":"2026-02-18T02:42:01","date_gmt":"2026-02-18T02:42:01","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=136138"},"modified":"2026-02-18T02:42:01","modified_gmt":"2026-02-18T02:42:01","slug":"bitcoin-price-dips-toward-decisive-support-as-bears-regain-control","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=136138","title":{"rendered":"Bitcoin Price Dips Toward Decisive Support As Bears Regain Control"},"content":{"rendered":"

Bitcoin price corrected gains and tested the $66,500 support. BTC is now struggling and might decline further below the $65,000 zone.<\/em><\/p>\n

Bitcoin is struggling to recover losses and moving lower below $67,500.
\nThe price is trading below $67,500 and the 100 hourly simple moving average.
\nThere is a declining channel forming with resistance at $68,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might dip again if it trades below the $66,500 and $66,000 levels.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price failed to remain stable above the $68,500 zone. BTC started a fresh decline and traded below the $67,800 support zone<\/a>. There was a push below $67,200.<\/p>\n

The price dipped below the 61.8% 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 $66,500 zone. Besides, there is a declining channel forming with resistance at $68,850 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $67,500 and the 100 hourly simple moving average<\/a>. If the price remains stable above $66,500, it could attempt a fresh increase. Immediate resistance is near the $68,000 level.<\/p>\n

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

The first key resistance is near the $68,850 level. A close above the $68,850 resistance might send the price further higher. In the stated case, the price could rise and test the $69,200 resistance. Any more gains might send the price toward the $70,000 level. The next barrier for the bulls could be $7`,200 and $72,000.<\/p>\n

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

If Bitcoin fails to rise above the $68,850 resistance zone, it could start another decline. Immediate support is near the $66,500 level or the 76.4% Fib retracement level of the upward move from the $65,072 swing low to the $70,935 high. The first major support is near the $66,000 level.<\/p>\n

The next support is now near the $65,000 zone. Any more losses might send the price toward the $64,200 support in the near term. The main support now sits at $63,500, 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 bullish 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 $66,500, followed by $66,000.<\/p>\n

Major Resistance Levels \u2013 $68,000 and $68,850.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price corrected gains and tested the $66,500 support. BTC is now struggling and might decline further below the $65,000 zone. Bitcoin is struggling to recover losses and moving lower below $67,500. The price is trading below $67,500 and the 100 hourly simple moving average. There is a declining channel forming with resistance at $68,850 […]<\/p>\n","protected":false},"author":0,"featured_media":136139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-136138","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\/136138"}],"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=136138"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/136138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/136139"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}