{"id":54915,"date":"2026-02-12T04:13:19","date_gmt":"2026-02-12T04:13:19","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=54915"},"modified":"2026-02-12T04:13:20","modified_gmt":"2026-02-12T04:13:20","slug":"bitcoin-bears-gearing-up-for-an-assault-on-60k","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=54915","title":{"rendered":"Bitcoin bears gearing up for an assault on $60K?"},"content":{"rendered":"<p>Bitcoin\u2019s rejection at $70,000 and the large liquidity void below leave $60,000 vulnerable, a move analysts see as likely in the coming days.<\/p>\n<p>Bitcoin price fell to $65,800 on Wednesday, slipping back below key intraday trend lines and raising concerns that last week\u2019s drop to $60,000 may not have been the final bottom. Now, analysts say the possibility of another drop to the yearly low ($59,800) is increasing due to a growing liquidity gap between $66,000 and $60,000.\u00a0<\/p>\n<p data-ct-non-breakable=\"undefined\"><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin has formed a series of lower highs after repeated rejections near the $70,000\u2013$72,000 resistance zone.<\/p>\n<\/li>\n<li>\n<p>The relative strength index (RSI) is trending toward oversold levels as the price trades below key moving averages.<\/p>\n<\/li>\n<li>\n<p>The liquidation heatmap indicated an absence of liquidity up to $60,500, keeping the risk of a downside price move open.<\/p>\n<\/li>\n<\/ul>\n<h2>Failure to hold $70,000 weakens Bitcoin\u2019s short-term prospects<\/h2>\n<p>Bitcoin\u2019s one-hour chart shows multiple failed attempts to hold above $70,000. Each rejection has led to lower price highs and steady selling pressure.<\/p>\n<p>BTC\u2019s price briefly pushed into intraday highs of $69,800 before reversing sharply during the New York session on Wednesday, forming a classic swing failure pattern. The move trapped breakout longs and accelerated downside momentum.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-02\/019c4dd5-4e59-70ec-b409-74e21747ffe7.png\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin one-hour chart. Source: <\/em><em>Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<div data-ct-widget=\"inline-ad\">\u00a0<\/div>\n<p>BTC also traded below both the 50-period and 100-period exponential moving averages, confirming short-term bearish control. The RSI remained below 50, indicating limited buying pressure.<\/p>\n<p>A 15-minute order block sits near the $60,800\u2013$61,000 region, an area where strong buying pressure previously stepped in after BTC printed a yearly bottom at $59,800. This region remains a liquidity target if $64,000 fails to hold.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: When will Bitcoin start a new bull cycle toward $150K? Look for these signs<\/strong><\/em><\/p>\n<h2>Heatmap data shows $60,000 is a liquidity magnet<\/h2>\n<p>Bitcoin\u2019s liquidity heatmaps reveal stacked orders above $72,000, but it also highlights a \u201cliquidity void\u201d from $66,000 to $60,500. This \u201cliquidity void\u201d may act as a magnet, as price tends to move quickly through low-liquidity areas to tap concentrated stop clusters below.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-02\/019c4dd5-fef0-7f6c-986f-598c4f7d6fe1.jpg\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin liquidity heatmaps. Source: CoinGlass<\/em><\/figcaption><\/figure>\n<div data-ct-widget=\"inline-parallax-ad\">\u00a0<\/div>\n<p>Despite more visible liquidity being higher, the downside remains open as a final stack of leveraged longs worth over $350 million is still positioned near $60,500.<\/p>\n<p>Bitcoin trader Husky said Bitcoin is slipping below the anchored volume-weighted average price (VWAP) drawn from last week\u2019s lows at $59,800, a level that is acting as a short-term fair value.\u00a0<\/p>\n<p>With the overall market structure starting to weaken, a lack of a swift recovery above $68,000 increases the risk of further downside toward lower support levels near $65,000. For now, Bitcoin is expected to trade within a broad $60,000 to $72,000 range, according to the trader.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-02\/019c4dd6-ef61-7136-a0b0-e1859a5eaf1f.jpg\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin analysis by Husky. Source: X<\/em><\/figcaption><\/figure>\n<p>Likewise, market analyst EliZ noted that BTC is consolidating near $66,500 inside a descending channel. A break below this level may send the price toward the $63,400\u2013$64,600 support zone, increasing the odds of a revisit to $60,000.<\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s rejection at $70,000 and the large liquidity void below leave $60,000 vulnerable, a move analysts see as likely in the coming days. Bitcoin price fell to $65,800 on Wednesday, slipping back below key intraday &hellip; <a title=\"Bitcoin bears gearing up for an assault on $60K?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=54915\"><span class=\"screen-reader-text\">Bitcoin bears gearing up for an assault on $60K?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":54917,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-54915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin bears gearing up for an assault on $60K? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=54915\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin bears gearing up for an assault on $60K? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin\u2019s rejection at $70,000 and the large liquidity void below leave $60,000 vulnerable, a move analysts see as likely in the coming days. 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