- Bitcoin worth is buying and selling round $67,500.
- The asset has risen to just about $70,000, however faces main resistance.
- Analyst Recto Capital warns that it is “untimely” to say the present bear market is over.
Bitcoin worth is hovering round $67,500 after pulling again from highs round $70,000.
With Wednesday’s surge to intraday highs, your entire dialog on “Crypto Twitter” shifted to the likelihood that BTC had bottomed and the prospect of a pointy rally.
Bullish sentiment continues to permeate the crypto market, however one analyst is warning towards “untimely” predictions that the bear market is over.
That is even supposing the US Spot Bitcoin ETF has taken in new inflows and stored outflows to lower than $2 billion because the starting of the 12 months.
Bitcoin retreats from $70,000 as analysts warn of additional decline
Macroeconomic and geopolitical headwinds have made it troublesome for Bitcoin to succeed in new highs since recovering from its lows close to $60,000 in early February.
Nevertheless, the bellwether crypto asset soared towards $70,000 forward of Nvidia’s earnings report on Wednesday, February 25, 2026.
Like the overall inventory rally, Bitcoin’s rally additionally benefited from expectations for Nvidia’s earnings launch.
Nevertheless, regardless of the robust AI-driven efficiency, inventory futures have stalled and BTC has fallen again, buying and selling at round $67,500 on the time of writing.
Nvidia inventory additionally fell, falling greater than 5% at the beginning of buying and selling Thursday. The response to the semiconductor big’s income exceeding BTC affected BTC.
Regardless of this pullback, many merchants stay optimistic after the US Spot Bitcoin ETF ended its latest shedding streak, posting greater than $750 million in internet inflows in two days. When there’s a reversal, the market tends to have blended alerts.
Yesterday noticed $500 million invested in a Bitcoin ETF, the largest day in a protracted whereas, simply as information of its demise was being reported, growing $750 million over the previous two days. They wanted it, simply as hitters in a hunch wanted yards to go. Yr-to-date outflows are actually lower than $2 billion. Is that this the start of a reputable rebound, or… pic.twitter.com/hl6JQuFcyI
— Eric Balchunas (@EricBalchunas) February 26, 2026
Nevertheless, it’s too early to say the bear market is over, based on crypto analyst Recto Capital.
“Bitcoin’s bear market lasted no less than one year. Bitcoin has now been in a bear marketplace for about 140 days,” he wrote on X, including:
“Any speak that the bear market is over might be untimely.”
Spot ETF inflows, on-chain metrics, and macro shifts are more likely to be key elements on this cycle. However Rekt believes the technical picture speaks volumes.
On this case, analysts level to the historic cycle backside and BTC falling under its 200-week exponential shifting common.
Even when latest inflows considerably reverse latest outflows, institutional demand is weak, which might restrict upside.
It’s very tempting to speak about longer cycles within the Bitcoin bull market
In spite of everything, nobody desires the sunny days to finish
Equally, it’s totally tempting to speak about how the underside of the Bitcoin bear market is already close to.
Everybody desires winter to finish, however the sooner it ends… https://t.co/8bSxwKrdRx
— Rect Capital (@rektcapital) February 26, 2026
BTC worth evaluation
Technically, if Bitcoin pulls again from $70,000, help shall be uncovered between $68,000 and $68,500.
A breakout to $67,500 dangers the bulls accelerating in the direction of $60,000.
Rekt additionally shares this outlook, noting that bulls stay weak so long as the worth stays under the 200-week EMA.
Shifting averages have acted as resistance in earlier bear markets, together with in 2018.
“In the end, so long as Bitcoin stays under the 200-week EMA, historical past means that the worth favors additional declines,” the analyst famous.
Earlier this month, Customary Chartered analysts lowered their 2026 BTC goal to $100,000, predicting a potential retest of $50,000 earlier than a brand new rally.