$BTC Bitcoin (BTC) Analysis – February 24, 2026
Bitcoin is currently navigating a period of extreme caution, trading near $63,000 - $65,000. After a sharp "February crash" from earlier highs, the market sentiment has shifted to Extreme Fear (scoring as low as 8/100 on the Fear & Greed Index).
Key Drivers:
Macro Pressure: New U.S. tariff policies and global trade uncertainty have sparked a "risk-off" mood, causing investors to move capital out of volatile assets.
Whale Activity: On-chain data shows large holders ("whales") transferring BTC to exchanges, suggesting continued selling pressure.
Institutional Outflows: Spot Bitcoin ETFs have recorded their 5th consecutive week of outflows, showing a temporary cooling of institutional demand.
Technical Outlook:
Support: The $60,000 level remains the "line in the sand." A daily close below this could trigger a slide toward $55,000.
Resistance: Bulls need to reclaim $70,000 to flip the bias back to neutral/bullish.
Current State: Market is in a "capitulation" phase, often seen before a long-term bottom, but short-term volatility remains high.
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