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Bitcoin (BTC) is trading near $66,561, testing strong support around the $66,000 level after a short-term decline.
The 45-minute chart shows a developing downtrend with lower highs and rising selling volume.
A break below $66,000 may push Bitcoin Price toward the $64,500–$65,000 zone, while holding support could trigger a bounce.
Bitcoin is trading near $66,561 on February 11, 2026, according to the latest 45-minute chart from Bitstamp. The session shows an open at $66,810, a high at $66,848, and a low at $66,548. Price is down $253, representing a 0.38% decline. This shows short-term weakness as sellers are currently in control of the market.
Over the past few days, Bitcoin has traded within a wide range, from around $72,000 to around $66,000. The recent drop pushed the price close to important support near $66,000. This level is now very important because if it breaks, more downside pressure could emerge.
Looking at the 45-minute chart, Bitcoin earlier showed a strong upward move from near $63,000, climbing toward the $71,000–$72,000 area. After reaching those highs, BTC price started forming lower highs and lower lows. This pattern usually signals weakening momentum.
The structure now looks like a short-term downtrend. Price failed to stay above $71,000 multiple times and gradually moved lower. Around February 9 and 10, attempts to recover were visible, but buyers were unable to push the market back above the $70,000 psychological level.
The most recent candles show a sharp decline from around $69,000 toward $66,500. Consecutive red candles suggest strong selling pressure. Volume also increased during the drop, which confirms that sellers were active. When price falls with higher volume, it often means conviction behind the move.
Support is seen near $66,000. If this level holds, a bounce toward $68,000 or even $69,000 can happen. However, if Bitcoin price closes clearly below $66,000, the next support may be closer to the $64,500–$65,000 area. Resistance remains near $69,500 and then $71,000.
Momentum indicators on lower time frames are likely near oversold levels after this fast drop. This does not guarantee a reversal, but a short-term relief rally is possible.
Also Read: How to Cash Out Bitcoin to INR in India: Beginner’s Guide 2026
The broader crypto market has been experiencing volatility during early February. Bitcoin previously traded above $80,000 in January before correcting sharply. That large move created heavy liquidations in leveraged positions, which increased the price swings.
Institutional interest in BTC is strong. Bitcoin ETFs and regulated investment vehicles are attracting capital. This supports the long-term outlook, even though short-term dips can be deep.
Macroeconomic conditions are also influencing price behavior. Investors have been reacting cautiously to interest rate expectations and global economic data. When risk appetite declines, digital assets often experience pressure. That seems partly visible in the recent decline.
Volume bars on the chart show noticeable spikes during sharp moves. The recent fall to $66,500 came with higher volume than the previous small consolidations. This means the move was not weak or random. There was real participation in the selling.
Earlier in the week, volume expanded during upward attempts as well, but follow-through was limited. This shows that buyers were present but lacked sufficient strength to fully reverse the trend.
Also Read: Bitcoin Down Nearly 50%, But Bernstein Says the Bull Case Remains Intact
Bitcoin price is currently in a critical zone. Holding above $66,000 keeps the possibility of a recovery alive. A move back above $68,000 could improve short-term sentiment. Overall structure remains slightly bearish on this timeframe.
If downside continues, volatility may increase again. Traders will closely watch the reaction around current levels. The market is at a sensitive point, and the next few sessions could define BTC’s direction for the rest of the week.
Despite the present weakness, the broader cycle still looks constructive when viewed on higher time frames. Short-term caution is necessary as price action shows selling dominance at the moment.
1. What is the current Bitcoin Price?
Bitcoin is trading around $66,561, down 0.38% in the latest session.
2. Why is BTC price falling?
Recent selling pressure, profit booking, and broader Crypto Market volatility have contributed to the short-term drop.
3. What is the key support level for Bitcoin?
The important support area is near $66,000, which traders are closely watching.
4. What happens if Bitcoin breaks below $66,000?
If BTC moves below this level with strong volume, the price may decline toward $64,500–$65,000.
5. Is the overall Crypto trend still positive?
Despite short-term weakness, the broader Crypto outlook remains constructive on higher time frames.
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