PANews February 12 News, according to Cointelegraph analysis, Bitcoin’s price has repeatedly been rejected at the resistance zone of $70,000 to $72,000, forming a series of lower highs. It has now broken below the intraday trend line, with short-term bears in control. The liquidation heat map shows a liquidity gap between $66,000 and $60,500, which may exert a magnetic pull, attracting the price to quickly pass through to reach the below stop-loss cluster. Currently, there are over $350 million in leveraged long positions near $60,500. If the price cannot quickly rebound above $68,000, the risk of Bitcoin dropping to the annual low of $59,800 will increase.
Trader Husky stated that Bitcoin has broken below the volume-weighted average price of $59,800, and the short-term market structure is weakening. Analyst EliZ pointed out that Bitcoin is currently consolidating within a downtrend channel near $66,500; if it breaks below this level, it may drop to the support zone of $63,400 to $64,600.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Price Prediction in 2026: A Bitcoin Whale Wakes Up While DeepSnitch AI Targets 100x Over Coins Like XRP and DOT
A Bitcoin wallet that hadn’t moved in thirteen years just came back to life. But the story behind it is both inspiring and a little sobering for anyone still hunting for a meaningful XRP price prediction. The whale turned $13,800 into $147 million.
That kind of return can only happen with
CaptainAltcoin8m ago
BTC Up 0.51% in 15 Minutes: Whale Position Reallocation and Exchange Outflow Resonance Drive Gains
March 22, 2026, 12:15 to 12:30 (UTC): BTC price fluctuated between 68313.3 and 68758.0 USDT, with the 15-minute candlestick recording a return of +0.51%, amplitude reaching 0.65%, and short-term trading volume remaining at relatively low levels. Market attention rebounded, driving increased intraday volatility.
The primary driver of this movement is whale funds experiencing simultaneous high net inflows and outflows on trading platforms. On-chain data shows that certain whales holding positions for 6 to 18 months are choosing to transfer BTC back to exchanges for distribution.
GateNews12m ago
Vietnam's Bitcoin Holder Population Reaches 17.2%, Ranking First Globally
Gate News reports that on March 22, according to Bitcoin News data, in the global ranking of Bitcoin holder population percentage, Vietnam ranks first with 17.2%, Argentina accounts for 15.2%, Turkey accounts for 14.0%, the United States accounts for 13.5%, and Ukraine accounts for 10.5%.
GateNews14m ago
Boyaa Interactive Plans to Spend No More Than $70 Million on Cryptocurrency Purchases
Boyaa Interactive announced on March 22 that its board of directors recommended shareholders approve the use of up to $70 million in idle cash to purchase cryptocurrencies to support its Web3 business development. The company currently holds 4092 bitcoins, 302 ethereum, and 7.0007 million USDT.
GateNews23m ago
