{"id":9935,"date":"2026-02-12T05:11:11","date_gmt":"2026-02-12T05:11:11","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-bleeds-lower-with-65k-becoming-the-battleground\/"},"modified":"2026-02-12T05:11:11","modified_gmt":"2026-02-12T05:11:11","slug":"bitcoin-price-bleeds-lower-with-65k-becoming-the-battleground","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-bleeds-lower-with-65k-becoming-the-battleground\/","title":{"rendered":"Bitcoin Price Bleeds Lower With $65K Becoming The Battleground"},"content":{"rendered":"<p><em>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<ul>\n<li>Bitcoin is slowly moving lower below $68,800 and $68,000.<\/li>\n<li>The price is trading below $68,000 and the 100 hourly simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $68,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might dip again if it trades below the $66,500 and $65,000 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Again<\/h2>\n<p>Bitcoin price failed to remain stable above the $70,000 zone. BTC started a fresh decline and traded below the $68,800 support zone. There was a push below $68,000.<\/p>\n<p>The price dipped below the 50% Fib retracement level of the upward move from the $60,500 swing low to the $72,256 high. There is also a bearish trend line forming with resistance at $68,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading below $68,000 and the 100 hourly simple moving average. If the price remains stable above $65,000, it could attempt a fresh increase. Immediate resistance is near the $68,200 level and the trend line.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-881142\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_eb3f20.png?resize=1024%2C509\" alt=\"Bitcoin Price \" width=\"1024\" height=\"509\" \/><\/p>\n<p>The first key resistance is near the $69,000 level. A close above the $69,000 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 $71,500 level. The next barrier for the bulls could be $72,000 and $72,500.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $69,000 resistance zone, it could start another decline. Immediate support is near the $66,000 level. The first major support is near the $65,000 level or the 61.8% Fib retracement level of the upward move from the $60,500 swing low to the $72,256 high.<\/p>\n<p>The next support is now near the $63,500 zone. Any more losses might send the price toward the $62,000 support in the near term. The main support now sits at $61,200, below which BTC might struggle to recover in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $66,000, followed by $65,000.<\/p>\n<p>Major Resistance Levels \u2013 $69,000 and $70,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 $68,800 and $68,000. The price is trading below $68,000 and the 100 hourly simple moving average. There is a bearish trend line forming with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9936,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-9935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=9935"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9936"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}