February 13 News: Bitcoin price continues to fluctuate near a critical support zone. The short-term downtrend has not yet reversed, but technical indicators show the market is under high tension, and a rebound window is brewing. As of press time, Bitcoin is trading around $66,381, down approximately 1.7% in the past 24 hours. Intraday volatility has significantly increased, with a high of $68,300 and a quick pullback to around $65,200. Currently, it hovers near $66,000.
From a multi-timeframe perspective, short-term momentum remains weak, with 1-hour, 24-hour, and 7-day charts showing downward trends. Meanwhile, 14-day and 30-day declines exceed 20% and 30%, respectively, indicating medium-term selling pressure still dominates. The daily chart remains in a bearish trend, with the price well below major moving averages. The 50-day moving average is at $82,024, and the 100-day is above $88,526. To retest the 50-day moving average, Bitcoin needs to rise about 23.6% from current levels, which is also considered the most significant dynamic resistance zone at present.
Regarding technical indicators, the Relative Strength Index (RSI) has fallen to 29.55, entering oversold territory, suggesting short-term selling sentiment is nearing extreme levels and a technical rebound is possible. However, as long as the price cannot stabilize and hold above key moving averages, any rebound may be viewed as a corrective rally.
Liquidation data further reveals market fragility. Over the past 24 hours, total liquidations exceeded $100 million, with longs making up the majority, indicating that leveraged longs have been continuously squeezed during the downtrend. In the 12-hour window, shorts experienced higher losses, suggesting rapid price swings have triggered short-term liquidations, but the market quickly shifted downward again.
Currently, Bitcoin is at a critical juncture of “choosing a direction.” If a stable bottom forms around $66,000, there may be an opportunity for a rebound. Conversely, if support levels are broken, the market could continue seeking balance at lower levels.
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
Square enables “Bitcoin payments” with zero fees and no minimums for million-dollar U.S. small and mid-sized businesses, with Jack Dorsey pushing BTC into everyday use
Square announces that it will automatically enable Bitcoin receiving functionality for eligible U.S. sellers. Transactions are converted to U.S. dollars in real time, and fees are waived through the end of 2026. This move simplifies the process for merchants to use cryptocurrency and increases the viability of Bitcoin as a daily payment tool. Industry experts believe this could become foundational infrastructure for the financial system.
動區BlockTempo2m ago
Oil prices rise above $105: Is Bitcoin at risk of dropping again?
Oil Prices Break Above 105 USD: Is Bitcoin at Risk of Dropping Again?
The rising momentum of oil prices to a 3-year high is drawing special attention from digital asset investors, because history shows that whenever energy becomes more expensive, Bitcoin often does not react positively. The 105 USD per barrel mark for WTI oil on the day
TapChiBitcoin8m ago
Square Enables Bitcoin Payments for 4 Million US Small Businesses with Instant Dollar Conversion
Square, the payments subsidiary of Block, began automatically enabling Bitcoin payments for eligible US small businesses on March 31, 2026, shifting from an opt-in to an opt-out model that integrates cryptocurrency acceptance directly into existing payment systems for approximately 4 million merchants.
CryptopulseElite22m ago
Cuba’s central bank approves 10 companies to use cryptocurrencies for international payments
Cuba’s central bank has for the first time approved 10 companies to use cryptocurrencies for international payments, including 9 small and micro enterprises and 1 joint venture, with a license validity period of 1 year. This marks the first time that Cuban companies have been granted permission to directly operate international payments, which must be handled through approved virtual asset service providers and with transaction information reported on a regular basis.
GateNews28m ago
Strategy’s Latest SEC Filing Shows No Bitcoin Purchases or Share Sales During Quiet Week
Strategy Inc.'s recent SEC filing indicates no bitcoin purchases or equity sales, emphasizing disciplined capital management while highlighting the stability and yield of its digital asset holdings.
Coinpedia31m ago
BTC breaks through $68,000, up 2.14% over the past 24 hours
Gate News message, on March 31, according to Gate market data, BTC/USDT is currently trading at $68,016.1, with a 24-hour gain of 2.14%.
GateNews32m ago
