Analysis of BTC on 2.12

Last night, Bitcoin rebounded to 68,800 and faced resistance, quickly pulling back. After testing 66,300, it continued to decline to 65,700 and stabilized. In the early morning, it rebounded again and broke above 68,000.

Currently, the candlestick chart shows a consolidation pattern, with the previous high around 68,800 acting as strong resistance. In the short term, there is a battle between bulls and bears in the 67,000-67,500 range.

The Bollinger Bands are close to the middle band. A breakout and stabilization above 67,800 could target 68,200-68,500-68,800. Breaking 69,000 could see a move toward 69,500-70,000.

If resistance at 68,000-68,500 causes a pullback, watch for support at 66,800-66,500-66,144.5, with an extreme target near 65,000.