PANews February 12 News, according to Cointelegraph analysis, Bitcoin’s price has repeatedly been rejected at the resistance zone of $70,000 to $72,000, forming a series of lower highs. It has now broken below the intraday trend line, with short-term bears in control. The liquidation heat map shows a liquidity gap between $66,000 and $60,500, which may exert a magnetic pull, attracting the price to quickly pass through to reach the below stop-loss cluster. Currently, there are over $350 million in leveraged long positions near $60,500. If the price cannot quickly rebound above $68,000, the risk of Bitcoin dropping to the annual low of $59,800 will increase.
Trader Husky stated that Bitcoin has broken below the volume-weighted average price of $59,800, and the short-term market structure is weakening. Analyst EliZ pointed out that Bitcoin is currently consolidating within a downtrend channel near $66,500; if it breaks below this level, it may drop to the support zone of $63,400 to $64,600.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Saylor responds to Schiff: Bitcoin has been the best performer since August 2020—time horizon matters
Peter Schiff said that Bitcoin has risen only 12% over the past five years and has underperformed the Nasdaq, the S&P 500, gold, and silver; Michael Saylor then responded that Bitcoin has been the best mainstream asset since August 2020, emphasizing the importance of the time frame.
GateNews1h ago
Bitcoin Correction Shows Market Maturity Amid Rising Institutional Demand
Bitcoin’s 50% drop shows reduced volatility and signs of market maturity.
ETF inflows and growing participation stabilize prices and improve liquidity.
Even small Bitcoin allocations can enhance returns while balancing risk exposure.
Bitcoin — BTC, has handled the recent correction
CryptoNewsLand1h ago
Robert Kiyosaki recommends Bitcoin, gold as 1974 shift comes full circle
Rich Dad Poor Dad author Robert Kiyosaki has argued that the economic shifts set in motion more than five decades ago are now unfolding, advocating for Bitcoin and gold while warning against rising debt, inflation and retirement risks.
In a Saturday post on X, Kiyosaki pointed to 1974 as a
Cointelegraph2h ago
Michael Saylor again publishes Bitcoin Tracker information
Gate News message, April 5, MicroStrategy founder Michael Saylor once again posted a Bitcoin Tracker update. Based on historical data, Strategy disclosed information about increasing its Bitcoin holdings the day after the relevant message was released.
According to CoinGecko data, as of April 5, MicroStrategy holds 528,185 BTC.
GateNews2h ago
