Bitcoin bulls fail to crack $69,000 as market weakness points to potential drop to $55K-$65K range
Bitcoin (BTC) fails to hold above the $69,000 resistance level, with analysts warning that reclaiming $100,000 is necessary to invalidate the bearish outlook. Weak support near $70,000 risks further drops to $50,000 or lower.
Prolonged consolidation around $69,000 in 2024 created structural resistance. Failure to rebound could solidify this level as a stronger barrier, requiring significant bullish momentum—currently absent.
BTC faces a -14.4% loss in February 2026—its worst February performance in over a decade. Traders note that monthly highs/lows often form early in the month, suggesting continued downtrend.
Mondays have been consistently unfavorable for BTC since October 2025, with short positions winning 18 of the last 19 weekly trades. Predictive models hint at a potential stabilization zone between $55,000-$65,000.
Without a bullish catalyst (e.g., institutional adoption, macro shifts), the path of least resistance remains downward. Traders await confirmation of either a reversal or deeper losses in the coming weeks.
Read Full Article: https://www.naturalnews.com/2026-02-15-bitcoin-bulls-fail-crack-69000-market-drop.html
