Analyst: Bitcoin rebound faces resistance at the $68,000 trend line, the bear market is not over yet

By: rootdata|2026/02/28 18:43:31

0

Share

copy

According to Cointelegraph, Bitcoin has fallen back to around $67,000 after failing to reclaim a key support level.

Traders and analysts point out that the 200-week exponential moving average and the historical high from 2021 both pose resistance, with the 200-week EMA currently "acting as a resistance level." Historical experience suggests that if the price remains below this moving average, it will further lean towards a downward trend. Analysts generally remain cautious about whether the bear market has ended.

Rekt Capital states that the shortest bear market in Bitcoin's history lasted 365 days, while the current bear market has only lasted about 140 days, making any discussion about the bear market being over "potentially premature."

Trader Roman notes that previous bear market cycles saw declines close to 80%, while the current market has only retraced about 53% from the October 2025 peak, with no signs of reversal on the monthly and weekly charts. Most traders believe the trend remains unclear and caution is necessary.

-- Price

You may also like

Aster Chain officially launches: defining a new era of on-chain privacy and transparency

Aster Chain officially launches: defining a new era of on-chain privacy and transparency

The privacy-focused trading ecosystem Aster, supported by YZi Labs, announced today that the Aster Chain mainnet is officially launched.

Stargate Debut Illustrated: The 1.4 Trillion Computing Power Empire Dream, Awakened

Stargate Debut Illustrated: The 1.4 Trillion Computing Power Empire Dream, Awakened

One Year Plus, Zero Employees, Zero Code

A Billion-Dollar Life Buy Threat Triggered by an Iranian Missile

A Billion-Dollar Life Buy Threat Triggered by an Iranian Missile

One Word Change by a Reporter Can Make Gambler Win Millions

BlackRock Launches ETHB: Ethereum ETF Enters 'Interest-Bearing Age'

BlackRock Launches ETHB: Ethereum ETF Enters 'Interest-Bearing Age'

The BlackRock ETHB is not the first Ethereum ETF in the United States, but it is taking the most standard route.

Nvidia Starts Putting Chips in the Road | Rewire News Evening Update

Nvidia Starts Putting Chips in the Road | Rewire News Evening Update

Huang Renxun said this is the "ChatGPT Moment of Autonomous Driving"

RootData: February 2026 Cryptocurrency Exchange Transparency Research Report

RootData: February 2026 Cryptocurrency Exchange Transparency Research Report

This month's cumulative spot trading volume on cryptocurrency exchanges has decreased slightly by 4.7% compared to January, which is the result of multiple factors including market conditions, the macro environment, and the Spring Festival holiday in Chinese-speaking regions.

「One and Done SEA」, so OpenSea chooses to wait a little longer

「One and Done SEA」, so OpenSea chooses to wait a little longer

It's already Q1 2026, and we're still waiting for OpenSea to launch its token.

Ray Dalio: The Resolution of the US-Iran Conflict Is In the Strait of Hormuz

Ray Dalio: The Resolution of the US-Iran Conflict Is In the Strait of Hormuz

In war, the ability to endure pain is often more important than the ability to inflict pain.

In just 70 days, Polymarket easily raked in tens of millions in fees

In just 70 days, Polymarket easily raked in tens of millions in fees

The money printer is running, and the future ceiling only depends on two main variables.

Matrixdock is launching the Silver Token XAGm, built on the FRS standard as an on-chain silver-backed asset.

Matrixdock is launching the Silver Token XAGm, built on the FRS standard as an on-chain silver-backed asset.

In the future, Matrixdock will continue to expand to include more high-quality real-world assets, driving the development of a more transparent and robust on-chain reserve asset system.

a16z: The Hardest Enterprise Software, and the Greatest Opportunity in AI

a16z: The Hardest Enterprise Software, and the Greatest Opportunity in AI

The world will continue to run on SAP, but AI will reshape it

Polymarket Market-Making Bible: Pricing Spread Formula

Polymarket Market-Making Bible: Pricing Spread Formula

This article presents a comprehensive market-making pricing framework that will elevate you from "guesstimate pricing spread" to "formula-based pricing spread."

Ray Dalio: If the United States loses Hormuz, it will lose more than just a war

Ray Dalio: If the United States loses Hormuz, it will lose more than just a war

In war, who can endure pain better is often more important than who can inflict pain better.

How to Earn Up to 40% Rebates on Crypto Futures Trading (WEEX Trade to Earn IV Guide)

How to Earn Up to 40% Rebates on Crypto Futures Trading (WEEX Trade to Earn IV Guide)

WEEX Trade to Earn IV lets traders earn up to 40% fee rebates in real time through a tiered miner system tied to trading activity. With additional boosts from referrals, it offers a more reliable alternative to airdrops as the crypto market gains momentum.

NVIDIA Plays Trillion-Dollar Chess Game | Rewire News Morning Edition

NVIDIA Plays Trillion-Dollar Chess Game | Rewire News Morning Edition

DGX Station, a desktop workstation capable of running trillion-parameter models

Real-time Update | NVIDIA GTC 2026 Conference Highlights Galore

Real-time Update | NVIDIA GTC 2026 Conference Highlights Galore

The most anticipated annual event in the AI field, NVIDIA's GTC 2026 Conference, kicked off today in San Jose, California, USA.

People Behind Pokémon Go: Started with CIA's Money, Now Mapping the World for the Military AI

People Behind Pokémon Go: Started with CIA's Money, Now Mapping the World for the Military AI

The security of data depends on whose hands it ends up in.

Huang Renxun GTC Speech Full Text: By 2027, Market Demand Will Exceed $1 Trillion; Everyone Should Develop an OpenClaw Strategy

Huang Renxun GTC Speech Full Text: By 2027, Market Demand Will Exceed $1 Trillion; Everyone Should Develop an OpenClaw Strategy

The underlying business logic driving future growth will be the "Tokenomics of a Platform Factory."

Aster Chain officially launches: defining a new era of on-chain privacy and transparency

The privacy-focused trading ecosystem Aster, supported by YZi Labs, announced today that the Aster Chain mainnet is officially launched.

Stargate Debut Illustrated: The 1.4 Trillion Computing Power Empire Dream, Awakened

One Year Plus, Zero Employees, Zero Code

A Billion-Dollar Life Buy Threat Triggered by an Iranian Missile

One Word Change by a Reporter Can Make Gambler Win Millions

BlackRock Launches ETHB: Ethereum ETF Enters 'Interest-Bearing Age'

The BlackRock ETHB is not the first Ethereum ETF in the United States, but it is taking the most standard route.

Nvidia Starts Putting Chips in the Road | Rewire News Evening Update

Huang Renxun said this is the "ChatGPT Moment of Autonomous Driving"

RootData: February 2026 Cryptocurrency Exchange Transparency Research Report

This month's cumulative spot trading volume on cryptocurrency exchanges has decreased slightly by 4.7% compared to January, which is the result of multiple factors including market conditions, the macro environment, and the Spring Festival holiday in Chinese-speaking regions.

Popular coins

Latest Crypto News

03:42

Data: 200 BTC transferred from an anonymous address to Cumberland DRW, valued at approximately 7.4569 million USD

According to Arkham data, at 01:59, 200 BTC (worth approximately $7.4569 million) were transferred from an anonymous address (starting with bc1qj8akf...) to Cumberland DRW.

03:42

Data: If BTC breaks through 78,094 USD, the cumulative short liquidation intensity on mainstream CEX will reach 1.935 billion USD

According to Coinglass data, if BTC breaks through $78,094, the cumulative short liquidation intensity on mainstream CEX will reach $1.935 billion. Conversely, if BTC falls below $70,747, the cumulative long liquidation intensity on mainstream CEX will reach $1.716 billion.

03:42

Data: If ETH falls below $2,217, the cumulative long liquidation intensity on major CEXs will reach $1.126 billion

According to Coinglass data, if ETH falls below $2,217, the cumulative long liquidation intensity on mainstream CEX will reach $1.126 billion. Conversely, if ETH breaks above $2,447, the cumulative short liquidation intensity on mainstream CEX will reach $1.115 billion.

01:42

Bitrefill disclosed that it was attacked by suspected North Korean hackers, resulting in a customer data breach, and has shut down relevant systems for isolation

Bitcoin payment service provider Bitrefill disclosed on platform X that it suffered a cyberattack on March 1, 2026, resulting in a customer data breach. The attack originated from a compromised employee's laptop and allowed the attackers to access certain databases and cryptocurrency wallets.Investi...

00:42

The XRP holding address has reached a historic high, breaking through 1.6 dollars as a key resistance

Data shows that the number of XRP holding addresses has surpassed 7.7 million for the first time, setting a new historical high, reflecting the continuous growth in network usage and investor accumulation.On-chain analysis firm Santiment pointed out that the number of daily active addresses on the X...