And so the great and shining coin that had once promised salvation has slipped from the golden threshold of $70,000, tumbling down into the murky abyss where only the brave and the foolhardy venture.
- Bitcoin, that grand conspiratorial fish, now bleeds through the layers of $69,500 and $69,200, as if the market were a hospital ward full of ghostly accountants.
- The price, draped in the pale blue of $68,400, is flirting dangerously with the 100‑hour moving average, trying in vain to remember its former dignity.
- On the hourly chart, a bullish trend line ruptures like a saint’s heart, leaving the support at $69,500 to crumble into a shrunken puddle (Kraken data report).
- Should it fall beneath $68,400 and the lower guard at $68,000, the coin will shiver as if a cold wind had struck through its core.
Bitcoin Price Dips Again
There is no regime that can sustain this glittering treasure above the sacred $70,000 sanctum. The coin descends like a choirboy with too many spoons, falling past the $69,200 watchword and slipping audaciously below the $69,000 threshold.
It has slipped beneath the 38.2% Fibonacci whisper that once coaxed it upward from $65,072 to the formidable $70,935 peak. Adds a beatful sigh to the chaos of a trend line torn apart at $69,500, the vinous support that has become a Sophie‑Lena of the hourly chart.
At present, Bitcoin is on a cold tour beneath $68,400, locked in the arms of the hundred‑hour moving average. If it can muster a heartbeat above $68,000, perhaps it will rally again-yet the nearest ghost of resistance stands at $68,800.
The maiden barrier of resistance, an unsightly $69,500, looms like a dimly lit corridor. Surpassing this would, theoretically, propel Bitcoin sternly toward the grand $70,000 breach-a breach that might pave the way to the labyrinthine $70,500. The actual walls of the bull’s parade would then be $72,000 and $72,500, distant as Moskvitch engines drying in the furnace.
More Losses In BTC?
No thunderstorms of sudden bullish joy can be conjured if Bitcoin does not leap over the $69,500 barricade. The nearest safety net is the $68,200 zone, yet history tells us that the first depreciating cushion lies close to $68,000, where the 50% Fibonacci slope slants toward a return-if such a return exists.
Additional perilary depths hover at $67,350, a grim echo of decline. Surplus losses could force BTC into that zone within the next fortnight. Flats below $66,500 would open the gates of dire warren, where recovery becomes more like a quest for lost Arzamas books than a mere mending of the ledger.
Here are the oracle’s predictions:
Hourly MACD-currently whispering a sorrowful melody, gaining momentum in the downward tonic.
Hourly RSI (Relative Strength Index)-the index now gnashes below the half‑way mark of 50, a signal of a man in rust.
Major Support Levels-$68,000 followed by a stoic $66,500.
Major Resistance Levels-$69,500 and the patient $70,000.
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2026-02-16 05:56