#bitcoin
📉 Bitcoin loses $70,000: Temporary weakness or the beginning of a decline?
The situation in the crypto market is getting tense. $BTC has fallen below $68,000 again, turning recent support into a resistance zone.
Key takeaways from the latest report:
• Technical breakdown: The $68,000–$70,000 range that held the market all of February is officially lost. If the price falls below $67,000, the next stops could be $65,000 and even $60,000.
• Altcoins under threat: Despite the local growth of $ZEC and $ATOM (+20%), analysts (FxPro) warn that when the "titans" fall, smaller tokens usually fly down even faster.
• Institutional pressure: Harvard Endowment reduced its position in BTC-ETF by 20% in the fourth quarter. Although they still hold the asset, this is a serious bellwether for the market.
• Internal disputes: A conflict has flared up in the community over the BIP-110 update (anti-spam), and Blockstream CEO Adam Beck criticizes the changes to the network rules.
• Stress phase: According to CryptoQuant, the market has entered a stress zone, but we have not yet seen a real "bottom" (massive loss-taking).
⚠️ Conclusion: To restore the bullish mood, Bitcoin needs to return to $70,000 immediately. Until this happens, every increase is perceived as a selling opportunity.
