Bitcoin is trading at approximately $67,480, showing a modest 0.4% gain over the past 24 hours but remaining under pressure amid broader market volatility. The cryptocurrency has experienced a significant drawdown, down roughly 46.5% from its all-time high of $126,080 in October 2025, with February marking a particularly challenging month—prices have declined around 28% month-to-date.
This follows a sharp selloff earlier in the month, where Bitcoin dipped to around $61,000 before a partial recovery.
Trendline Retest in Play: Recent price action suggests Bitcoin is retesting key trendlines from its post-ATH corrective phase. After failing to hold above $70,000 multiple times, the asset has been consolidating in a $65,000–$70,000 range over the past week. This could be interpreted as an orderly deleveraging rather than outright capitulation, with leverage in the market unwinding amid geopolitical tensions and regulatory uncertainties.
Higher Lows Forming While Resistance Holds: Short-term data indicates potential higher lows emerging— from an early February trough near $61,000 to a more recent support around $65,000. However, overhead resistance at $70,000 continues to cap upside momentum, creating a symmetrical triangle pattern that hints at building tension. Sentiment on platforms like X reflects this, with discussions of accumulation surges and possible retests of $80,000 based on bid skew data
@byul_financ.
That’s Not Weakness—That’s Pressure Building: The current consolidation isn't signaling fundamental weakness but rather coiled energy in a bearish-leaning cycle. Oversold momentum indicators, similar to those in 2022, suggest a potential near-term rebound.
Yet, broader risk-off sentiment tied to U.S. indices and stalled crypto regulations (e.g., the "Clarity Act") is adding downward pressure. Market cap stands at $1.35 trillion, with 24-hour volume at $37 billion, indicating sustained interest despite the dip. If Buyers Confirm Control: $80K Becomes the Next Magnet: A decisive break above $70,000 could shift control to buyers, targeting $80,000 as the next psychological level, supported by some optimistic forecasts for a rally to $100,000–$105,000 by month's end. Conversely, failure to hold $65,000 might accelerate downside to $50,000–$60,000, as warned by analysts. Longer-term, predictions vary: some see $150,000 by year-end, while others anticipate a bearish summer leg. Structure Is Evolving—Watch Reactions, Not Predictions: The four-year cycle appears in a corrective phase, with Bitcoin diverging from traditional safe-havens like gold amid deleveraging. Focus on price reactions at key levels ($65,000 support, $70,000 resistance) rather than speculative headlines. Mixed sentiment prevails, with bearish technicals clashing against signs of accumulation.#bitcoin #BTCAnalysis #ControlShift #PressureBuilding #StrategyBTCPurchase
