Bitcoin, that capricious spirit of modernity, now teeters at the precipice of $66,000, its soul trembling beneath the weight of unseen forces. The coin, once a paragon of hope, now consolidates its losses with the existential dread of a man condemned to wander Siberia forever.
- Behold, the coin stumbles lower, below $67,200, as if shackled by the very chains of its own ambition. The 100-hour SMA watches with cold indifference, a mirror to its crumbling pride.
- A declining channel forms, a prison of resistance at $68,000, where the hourly chart whispers of despair. One might weep for BTC/USD, though Kraken’s data feed remains indifferent.
- Should the price breach $66,000 and $65,500, the abyss yawns wider. The market, that great satirist, mocks our faith in stability with every tick.
Bitcoin’s descent continued, as if guided by the hand of a cruel god. The $68,000 zone, once sacred, now crumbles beneath the weight of its failures. A fresh decline, a plunge below $67,500, and then-ah!-the ignominious fall past $67,000, where even Fibonacci’s retracement weeps.
The price found refuge near $66,000, a tattered shroud against the void. Yet consolidation brings no peace, only the cruel illusion of respite. The declining channel, that architect of despair, looms with resistance at $68,000, a taunt to the weary.
Below $67,200, BTC crawls like a penitent, trampled by the 100-hour SMA. If it clings to $66,000, perhaps it dares a fresh increase. But the immediate resistance? A paltry $67,350, a mockery of hope.
The $68,000 resistance, that siren’s song, awaits. Should BTC breach it, the path to $68,800 and beyond beckons-but what is victory if not a prelude to greater ruin? The $70,000 zone, a phantasmagoria of greed, looms ever closer.
More Losses In BTC?
If Bitcoin falters at $68,000, another descent is inevitable. The $66,000 level, that feeble shield, and the 83.2% Fib retracement-both laughable in the face of chaos. The $65,500 zone, a tomb for dreams, awaits.
Beyond lies $65,000, then $64,200, a descent into madness. Below $63,500, recovery becomes a farce, a jest played by the market’s jester.
Technical indicators:
Hourly MACD-now a melancholic companion, gaining pace in the bearish zone. The RSI, that fickle oracle, slinks below 50, a traitor to the bulls.
Major Support Levels: $66,000, a relic of false security; $65,000, the harbinger of doom.
Major Resistance Levels: $67,350, a fool’s paradise; $68,000, the final temptation.
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2026-02-19 06:07