PANews February 27 News, according to Cointelegraph, Bitcoin is facing its fifth consecutive month of decline, with a 14% drop in February. The current price hovers around $67,720, constrained by resistance at the psychological level of $70,000. On the weekly chart, Bitcoin faces a triple resistance cluster, including the 200-week exponential moving average (EMA) at approximately $68,330, the 2021 all-time high of $69,000, and the $70,000 mark. Analyst Captain Faibik believes that if the weekly close is above the 200-week EMA, the market could rebound to $80,000. Additionally, breaking above the $74,500 level, which is the cost basis for 18-24 month holders, may signal the end of the bear market.
CoinGlass data shows that the last time there was a five-month consecutive decline was during the depths of the 2018 bear market. Historical patterns suggest that such rare prolonged downturns are often followed by rebounds, as seen in 2019 when five consecutive months of decline were followed by five months of gains. Market analysis indicates that as selling pressure nears exhaustion, a reversal signal could appear as early as April.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Missed Bitcoin & Solana? Why IPO Genie ($IPO) Could Be the Next Early-Stage Giant
February 26, 2026
Here is a hard truth about crypto: the people who changed their lives with Bitcoin bought it when nobody believed in it. The people who 10x’d on Solana got in when it was still cheap and confusing. That window does not stay open forever. It opens, it closes, and most people are st
BlockChainReporter10m ago
Block discloses its Q4 purchase of 340 Bitcoins, worth $22 million
PANews February 27 News, according to The Bitcoin Historian, Jack Dorsey's payment company Block, Inc. has just disclosed that it increased its holdings by 340 Bitcoins in Q4 2025, worth $22 million.
GateNews15m ago
Chinese Bitcoin miners received draft notices in Russia
The Chinese Consulate in Russia reminds foreign miners in Russia to pay attention to President Putin's decree, which requires foreign males aged 18 to 65 to serve in the military when applying for residence. Russia is gradually tightening legal regulations on foreign miners, making legal mining increasingly difficult. Many miners face identity and energy restrictions and may ultimately be forced to leave or become military recruits.
PANews17m ago
What Happens to Bitcoin If Iran’s Hashrate Vanishes Overnight?
_Iran supplies 2–5% of Bitcoin hashrate. A grid outage could cut global mining power and slow block times until difficulty adjusts._
Bitcoin markets are watching oil and regional security risks, yet little attention is on Iran’s role in global Bitcoin mining.
Iran contributes an estimated 2
LiveBTCNews28m ago
From Skeptics to Buyers: Why Banks Are Rushing Into Bitcoin
_Citi, Morgan Stanley, JPMorgan, Goldman Sachs and UBS expand Bitcoin custody, trading, ETFs, and ETP offerings._
Major global banks are expanding their Bitcoin services, marking a shift in institutional engagement with digital assets.
Over the past three months, firms including Citi, Morgan S
LiveBTCNews53m ago
