{"id":10048,"date":"2026-02-17T06:00:25","date_gmt":"2026-02-17T06:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-holds-the-line-but-can-bulls-force-a-break-higher\/"},"modified":"2026-02-17T06:00:25","modified_gmt":"2026-02-17T06:00:25","slug":"bitcoin-price-holds-the-line-but-can-bulls-force-a-break-higher","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-holds-the-line-but-can-bulls-force-a-break-higher\/","title":{"rendered":"Bitcoin Price Holds The Line, But Can Bulls Force A Break Higher?"},"content":{"rendered":"<p><em>Bitcoin price corrected gains and tested the $67,500 support. BTC is now recovering and might aim for an upside break above $69,500.<\/em><\/p>\n<ul>\n<li>Bitcoin is recovering losses and moving higher above $68,500.<\/li>\n<li>The price is trading above $68,800 and the 100 hourly simple moving average.<\/li>\n<li>There is a declining channel forming with resistance at $69,550 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 $68,000 and $67,400 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin price failed to remain stable above the $70,000 zone. BTC started a fresh decline and traded below the $69,000 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 $65,072 swing low to the $70,935 high. However, the bulls remained active near the $67,400 zone. The price is again moving higher and gaining pace above $68,500.<\/p>\n<p>Bitcoin is now trading above $68,800 and the 100 hourly simple moving average. If the price remains stable above $68,200, it could attempt a fresh increase. Immediate resistance is near the $69,500 level. There is also a declining channel forming with resistance at $69,550 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-881908\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0ffe10.png?resize=1024%2C509\" alt=\"Bitcoin Price \" width=\"1024\" height=\"509\" \/><\/p>\n<p>The first key resistance is near the $70,500 level. A close above the $70,500 resistance might send the price further higher. In the stated case, the price could rise and test the $71,200 resistance. Any more gains might send the price toward the $72,000 level. The next barrier for the bulls could be $72,200 and $72,500.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $69,500 resistance zone, it could start another decline. Immediate support is near the $68,000 level. The first major support is near the $67,400 level or the 61.8% Fib retracement level of the upward move from the $65,072 swing low to the $70,935 high.<\/p>\n<p>The next support is now near the $67,000 zone. Any more losses might send the price toward the $66,000 support in the near term. The main support now sits at $65,000, 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 bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $68,000, followed by $67,400.<\/p>\n<p>Major Resistance Levels \u2013 $69,500 and $70,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price corrected gains and tested the $67,500 support. BTC is now recovering and might aim for an upside break above $69,500. Bitcoin is recovering losses and moving higher above $68,500. The price is trading above $68,800 and the 100 hourly simple moving average. There is a declining channel forming with resistance at $69,550 on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10049,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-10048","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:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=10048"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/10049"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=10048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=10048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=10048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}