Bitcoin Falls Below $63,000: Can Anything Stop the Downward Rot? – BTC TA February 24, 2026
Source: TradingView
At which of the orange support lines will the bottom be in for Bitcoin? Could it be at $60,000, which would match the last low at the beginning of February, and the first of the bull market highs in 2021?
What about $53,000? This has good support for the 8-month bull flag in 2024. Then there is $40,000, which has also played support and resistance in 2021 and into the end of 2023? Or how about $30,000, unlikely as it might sound, but at least a proper 76% correction that comes in line with previous bear markets?
No one knows how far down this correction will go. However, one thing that is likely is that when the $BTC price turns back up, it will be at a point of absolute capitulation. Are we nearing that now?
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
About Author
