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Bitcoin remained under pressure over the weekend after slipping below $70,000 and extending losses from its October 2025 peak near $126,000. At the time of writing, BTC price traded around $66,800, leaving it down more than 40% from its all-time high. The current focus is on the $65,500 support level as weak momentum and macro pressure continue to weigh on price action.
Bitcoin moved in a narrow range near $66,000 as short-term momentum stayed weak across several timeframes. On the daily chart, price held around the $66,000 to $67,000 zone, which has become near-term support after the broader decline from a lower high near $76,000.
Even so, the broader structure remained weak. BTC stayed below resistance between $67,000 and $70,000, while a stronger ceiling remained in the $70,000 to $72,000 area. Any recovery attempt still faces selling pressure before a broader trend shift can form.
On the four-hour chart, bitcoin kept printing lower highs after dropping to about $65,500. Price then entered a muted consolidation phase without a clear reversal signal. On the one-hour chart, BTC traded between roughly $65,500 and $66,800 while volume declined, showing that traders were waiting for a clear trigger.
Several indicators continued to reflect a weak setup. The relative strength index stayed near 41, which pointed to neutral momentum. The average directional index stood near 16, showing that the trend lacked strength. At the same time, the MACD and Awesome Oscillator remained in negative territory.
Moving averages painted a clearer picture. The 10-day, 50-day, 100-day, and 200-day exponential and simple moving averages all remained above the current price. That left Bitcoin trading below a broad resistance cluster, with short-term averages near $69,000 and longer-term averages much higher.
The three-day chart also showed a bearish flag pattern. That formation began after bitcoin dropped from around $90,000 in January to a February low near $60,393. A death cross also remained in place, with the 50-day EMA below the 200-day EMA. BTC also stayed below Supertrend indicators, keeping attention on $60,400 and then $50,000 if sellers push the price lower.
Broader market conditions added to the weak tone. Tension in the Middle East, including developments involving Iran, Israel, and the Houthis, kept investors cautious. Rising oil prices also revived inflation concerns and kept the focus on interest rates.
Bitcoin moved in line with weakness in equities. The S&P 500 fell to its lowest level in six months, while Treasury yields moved higher. In that environment, bitcoin continued to trade like a risk asset, and short-lived rebounds failed to hold.
Fund flows also showed softer demand. Spot Bitcoin ETFs recorded more than $296 million in net outflows last week, ending a four-week inflow streak. Futures open interest remained near $48 billion, still far below last year’s peak above $95 billion.
Corporate buying also looked uneven. Strategy accounts for 76% of corporate Bitcoin holdings as treasury demand eased, while MARA Holdings sold more than 15,000 coins as it reduced debt and redirected capital toward artificial intelligence.
