{"id":137231,"date":"2026-02-23T02:34:33","date_gmt":"2026-02-23T02:34:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=137231"},"modified":"2026-02-23T02:34:33","modified_gmt":"2026-02-23T02:34:33","slug":"bitcoin-price-slumps-5-bearish-momentum-returns-with-force","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=137231","title":{"rendered":"Bitcoin Price Slumps 5%, Bearish Momentum Returns With Force"},"content":{"rendered":"

Bitcoin price failed to stay above $68,000 and dipped sharply. BTC is now consolidating losses and might struggle to recover above $66,000.<\/em><\/p>\n

Bitcoin started a fresh decline and traded below the $66,500 support.
\nThe price is trading below $66,500 and the 100 hourly simple moving average.
\nThere was a break below a bullish trend line with support at $68,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might dip again if it trades below the $64,500 and $64,200 levels.<\/p>\n

Bitcoin Price Dives Over 5%<\/h2>\n

Bitcoin price failed to remain stable above the $67,200 zone. BTC started a fresh decline and traded below the $66,500 support zone<\/a>. There was a push below $66,000.<\/p>\n

The price even spiked below $65,000. There was also a break below a bullish trend line with support at $68,000 on the hourly chart of the BTC\/USD pair. A low was formed at $64,203, and the price is now correcting some losses. There was a move above $64,500, but the price is still well below the 23.6% Fib retracement level of the recent decline from the $68,653 swing high to the $64,203 low.<\/p>\n

Bitcoin is now trading below $66,500 and the 100 hourly simple moving average<\/a>. If the price remains stable above $64,200, it could attempt a fresh increase. Immediate resistance is near the $65,250 level.<\/p>\n

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

The first key resistance is near the $66,400 level or the 50% Fib retracement level of the recent decline from the $68,653 swing high to the $64,203 low. A close above the $66,400 resistance might send the price further higher. In the stated case, the price could rise and test the $67,000 resistance. Any more gains might send the price toward the $67,600 level. The next barrier for the bulls could be $68,000 and $68,500.<\/p>\n

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

If Bitcoin fails to rise above the $66,000 resistance zone, it could start another decline. Immediate support is near the $64,400 level. The first major support is near the $64,200 level.<\/p>\n

The next support is now near the $63,500 zone. Any more losses might send the price toward the $62,850 support in the near term. The main support now sits at $62,000, 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 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 $64,500, followed by $64,200.<\/p>\n

Major Resistance Levels \u2013 $66,000 and $66,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price failed to stay above $68,000 and dipped sharply. BTC is now consolidating losses and might struggle to recover above $66,000. Bitcoin started a fresh decline and traded below the $66,500 support. The price is trading below $66,500 and the 100 hourly simple moving average. There was a break below a bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":137232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-137231","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\/137231"}],"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=137231"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/137231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/137232"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=137231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=137231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=137231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}