{"id":10157,"date":"2026-02-23T06:00:25","date_gmt":"2026-02-23T06:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-slumps-5-bearish-momentum-returns-with-force\/"},"modified":"2026-02-23T06:00:25","modified_gmt":"2026-02-23T06:00:25","slug":"bitcoin-price-slumps-5-bearish-momentum-returns-with-force","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-slumps-5-bearish-momentum-returns-with-force\/","title":{"rendered":"Bitcoin Price Slumps 5%, Bearish Momentum Returns With Force"},"content":{"rendered":"<p><em>Bitcoin price failed to stay above $68,000 and dipped sharply. BTC is now consolidating losses and might struggle to recover above $66,000.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline and traded below the $66,500 support.<\/li>\n<li>The price is trading below $66,500 and the 100 hourly simple moving average.<\/li>\n<li>There was a break below a bullish trend line with support at $68,000 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 $64,500 and $64,200 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dives Over 5%<\/h2>\n<p>Bitcoin price failed to remain stable above the $67,200 zone. BTC started a fresh decline and traded below the $66,500 support zone. There was a push below $66,000.<\/p>\n<p>The price even spiked below $65,000. There was also a break below a bullish trend line with support at $68,000 on the hourly chart of the BTC\/USD pair. A low was formed at $64,203, and the price is now correcting some losses. There was a move above $64,500, but the price is still well below the 23.6% Fib retracement level of the recent decline from the $68,653 swing high to the $64,203 low.<\/p>\n<p>Bitcoin is now trading below $66,500 and the 100 hourly simple moving average. If the price remains stable above $64,200, it could attempt a fresh increase. Immediate resistance is near the $65,250 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-883214\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_e97d1c.png?resize=1024%2C509\" alt=\"Bitcoin Price \" width=\"1024\" height=\"509\" \/><\/p>\n<p>The first key resistance is near the $66,400 level or the 50% Fib retracement level of the recent decline from the $68,653 swing high to the $64,203 low. A close above the $66,400 resistance might send the price further higher. In the stated case, the price could rise and test the $67,000 resistance. Any more gains might send the price toward the $67,600 level. The next barrier for the bulls could be $68,000 and $68,500.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $66,000 resistance zone, it could start another decline. Immediate support is near the $64,400 level. The first major support is near the $64,200 level.<\/p>\n<p>The next support is now near the $63,500 zone. Any more losses might send the price toward the $62,850 support in the near term. The main support now sits at $62,000, 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 bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $64,500, followed by $64,200.<\/p>\n<p>Major Resistance Levels \u2013 $66,000 and $66,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price failed to stay above $68,000 and dipped sharply. BTC is now consolidating losses and might struggle to recover above $66,000. Bitcoin started a fresh decline and traded below the $66,500 support. The price is trading below $66,500 and the 100 hourly simple moving average. There was a break below a bullish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10158,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-10157","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\/10157","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=10157"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/10158"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=10157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=10157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=10157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}