Bitcoin (BTC) Today’s Market Analysis – February 24, 2026 🪙
Current Price: $63,200
24h Change: -3.5%
Market Cap: $1.26 Trillion (Rank #1)
24h Volume: $45 Billion (spiked +58%)
Circulating Supply: 19.99 Million BTC (94.7% of max 21M)
Bitcoin is bleeding today, sliding under the critical $63,000 psychological level and the 100-day moving average. Risk-off sentiment is dominating — fresh US tariff escalations, stock market rout, and extreme fear (Fear & Greed Index at 11 — Extreme Fear) are crushing crypto. BTC is down ~7% this week and nearly 30% in the past month, with miners in the longest capitulation streak of the year.
Technical Snapshot:
Bearish breakdown — Head-and-shoulders pattern confirmed on 8H chart. Neckline at $60,000 now the make-or-break level.
Oversold bounce potential — RSI on daily/weekly deeply oversold. High volume on the dip shows capitulation.
Key levels to watch:
Resistance: $65,000 – $66,500 (immediate hurdles)
Support: $60,000 then $54,800–$50,000 in a worst-case flush
Weekly close below $65,650 support flips the short-term structure bearish.
Positive Signals:
Massive 24h volume spike — institutions and whales are active.
ETF outflows slowing; realized price near strong support.
Long-term holders still massively in profit (ATH was $126K in Oct 2025).
Analysts (ARK, Standard Chartered) still calling for $150K+ in this cycle on halving + institutional flows.
Bottom line: Short-term looks ugly and bearish with macro headwinds in control, but classic oversold conditions + huge volume suggest a relief bounce could hit if it holds $60K. Tariff noise and de-risking are the main culprits — not fundamentals.
DYOR — Not financial advice.
HODLing through the storm or trimming here? Let me know your plan below 👇
#Bitcoin #BTC #Crypto #BTCanalysis Do you think it's going down to $55,000 in two weeks? 🤔