Bitcoin Tests $66,250 Support — A Drop to $62,600 May Be Next

2026-02-17 16:41:04

Bitcoin is sliding toward a key support level at $66,250, and the short-term picture isn’t looking great for bulls. Price action on the 15-minute timeframe has been drifting lower with no clear sign of buying strength — a pattern that mirrors what’s been happening lately as the Bitcoin rally pauses near resistance.

Can Bitcoin Hold the $66,250 Line?

So far, every attempt at a recovery has stalled. BTC keeps grinding inside a corrective structure rather than building any real upside momentum, which tells us the market isn’t ready to reverse just yet. Moves have been reactive — bouncing around rather than trending — and that keeps the downside risk very much alive.

If Bitcoin loses $66,250 and can’t reclaim it quickly, the technical picture shifts toward a broader corrective wave B. That would put the key BTC support levels in the $64,556–$62,600 range squarely in focus — the next visible demand zone where buyers have stepped in before.

“A sustained breakdown below $66,250 would likely trigger a broader corrective phase, shifting focus toward the $64,556 to $62,600 support region.” — Analyst

What Happens Next for BTC Price?

This is a make-or-break moment. Holding $66,250 could calm nerves and stabilize sentiment across the market. But a clean breakdown would open the door to an extended sell-off — not just for Bitcoin, but for the broader crypto market too.

Conditions can shift fast at levels like this. Traders should watch how price behaves around support closely over the next few sessions before making any moves.

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