- Bitcoin fell below $66,000 on February 13, extending losses from recent highs amid tech sector weakness and AI-related concerns.
- Analysts from Standard Chartered and JPMorgan have revised forecasts, warning of possible further downside but maintaining optimism for 2026 recovery.
- Crypto sentiment remains low, with ties to broader risk-off moves in stocks and precious metals.
Bitcoin’s price continued its downward trajectory on February 13, 2026, slipping below $66,000 as broader market pressures weighed on the cryptocurrency. The decline follows a volatile period where BTC erased most of its recent gains above $70,000, now trading around $65,800 amid fears in the AI and tech sectors. This marks a nearly 50% drop from its all-time high of over $126,000 reached late last year, intensifying capitulation among investors.
The latest slide appears linked to a risk-off sentiment in global markets, with Bitcoin mirroring plunges in tech stocks and precious metals. Analysts point to AI-related uncertainties as a key driver, exacerbating the sell-off across risk assets. For instance, Standard Chartered has slashed its 2026 Bitcoin price target to $100,000 from $150,000, citing potential further pain down to $50,000 before a rebound. “Bitcoin could slide to hit $50,000 before recovering,” noted Geoffrey Kendrick, head of digital assets research at Standard Chartered.
Meanwhile, JPMorgan analysts have identified a potential support level near $77,000 based on revised mining cost estimates, down from $90,000. Despite the near-term bearishness, the firm remains positive on crypto’s outlook for the remainder of 2026, expecting a turnaround later in the year.
On X, accounts like @blocknewsdotcom highlighted the crash, stating: “BITCOIN $BTC JUST CRASHED BELOW $66,000 FOR THE 4TH TIME THIS MONTH,” with a post garnering significant engagement.
Other cryptocurrencies have also been affected, with Ethereum following suit in the downturn. Stablecoins like DAI, known for its stability in the volatile crypto world, have held steady, providing a hedge for traders. Privacy-focused coins such as Zcash (ZEC), a key player in decentralized finance, may attract interest amid heightened market uncertainty. Market data shows over $2.3 billion in Bitcoin losses, described by some as the biggest crash since 2021.
While the immediate outlook remains cautious, balanced views suggest risks are outweighed by long-term potential. Quotes from stakeholders emphasize resilience: “Bitcoin has fallen below $67,000, recording its third daily bearish candle,” said Alex Kuptsikevich, chief market analyst at FxPro Group. For more on similar price movements, see related coverage at https://cryptopress.site/crypto/bitcoin-drops-below-70000-as-liquidations-trigger-full-capitulation.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
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