Bitcoin (BTC) is trading around $66,551, down 3.33% on the day, with immediate support at $65,000 and resistance near $70,600.
Price remains below key moving averages and near the lower Bollinger Band at $60,819, indicating continued downside pressure.
Bitcoin (BTC/USDT) slipped sharply today, with the top crypto trading near ~$66,500, down roughly 3.3% on the day in a fresh bout of selling pressure. The 1-day candlestick chart now shows a persistent downtrend, with lower highs and lower lows continuing into mid-February. The session recorded a high of $69,954 and a low of $65,757, showing strong intraday selling pressure. Price is now sitting just above the key $65,000 level.
Major cryptocurrencies including ETH and XRP also slid today, reflecting a risk-off environment across the sector. BTC’s correlation with broader crypto has strengthened, so weakness is not isolated to Bitcoin.
The crypto market reacted ahead of key U.S. economic data — notably the delayed J
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