February 12 Per Cointelegraph, Bitcoin fell to $65,800 on Wednesday, dropping below its key intraday trendline again — sparking market worries that last week’s $60,000 dip may not have been the final bottom. Analysts note widening liquidity gaps in the $66k-$60k range, lifting the odds of Bitcoin revisiting its annual low of $59,800. After multiple rejections near the $70k-$72k resistance zone, Bitcoin has formed a series of lower highs. Its RSI is moving toward oversold territory, with price trading below key moving averages. Liquidation heatmaps show thin liquidity around the $60.5k range, signaling lingering downside risks. With overall market structure weakening, a failure to quickly bounce back above $68k would raise downside risks, potentially pushing Bitcoin toward the $65k support level. Traders currently expect Bitcoin to trade in a $60k-$72k range. Likewise, analyst EliZ notes Bitcoin is consolidating in a downward channel near $66.5k. A break below this level could send prices to the $63.4k-$64.6k support zone, increasing the chance of revisiting $60k.
