The post Bitcoin Price Analysis Flags the $63,000 Zone — Here Is Why appeared on BitcoinEthereumNews.com.

The Bitcoin price is sliding again after a failed rebound following February 6. The BTC price is down nearly 3% in 24 hours and about 38% since mid-January. After bouncing from $60,100 to $72,100, buyers lost control, and the rebound faded. Technical signals had warned early, and on-chain data now confirms growing selling pressure. The key question is simple: can $63,000 stop the next leg lower, or is a deeper reset coming? Sponsored Sponsored Bear Flag Failure and RSI Divergence Confirm Downtrend After the January sell-off, Bitcoin formed a bear flag on the daily chart. A bear flag happens when the price drops sharply and then rebounds weakly inside a narrow range. It usually signals continuation rather than recovery. From mid-January, Bitcoin fell about 38% to near $60,130 and then rebounded toward $72,200 in early February. That rebound formed the flag. On February 10, the price broke below the lower boundary of this structure, confirming the bear flag failure. Momentum indicators had already warned about this move. The Relative Strength Index, or RSI, measures buying and selling strength. When RSI rises while price weakens, it signals hidden bearish pressure. Between November 24 and February 8, Bitcoin made lower highs while RSI made slightly higher highs. Bearish BTC Chart: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. This created a hidden bearish divergence, a post-rebound pullback risk. Once the rebound lost strength, sellers took control again. The pullback came as RSI flashed divergence, which eventually led to the pattern breakdown, following clear technical exhaustion. But charts alone do not explain everything, and on-chain behavior shows who is driving this move. Sponsored Sponsored Holders Are Selling Again as Conviction Weakens On-chain data shows that long-term investors are reducing exposure. One key metric is Hodler Net…

---

Filed under: News - @ February 11, 2026 8:27 am