Opinion: Bitcoin futures data suggest that bears may push past the $60,000 mark

SmartContractAuditor · 2026-02-12T05:21:09+00:00

Bitcoin's current price is under pressure around $65,000, with a clear short-term bearish advantage, potentially dropping to $60,500. If it cannot rebound above $68,000, the risk increases, possibly reaching the annual low of $59,800.

SmartContractAuditor

2026-02-12 05:21:09

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Odaily Planet Daily News: Bitcoin price has repeatedly faced resistance in the $70,000 to $72,000 zone, forming a series of lower highs. It has now broken below the intraday trend line, with short-term bears gaining control.

The liquidation heat map shows a liquidity gap between $66,000 and $60,500, which may create a magnetic effect, 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 said that Bitcoin is currently consolidating within a downtrend channel around $66,500, and if it breaks below this level, it may drop to the support zone between $63,400 and $64,600. (Cointelegraph)

BTC0,85%

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