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Analyst: Bitcoin rebound faces resistance at the $68,000 trend line, the bear market is not over yet
By: rootdata|2026/02/28 18:43:31
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According to Cointelegraph, Bitcoin has fallen back to around $67,000 after failing to reclaim a key support level.
Traders and analysts point out that the 200-week exponential moving average and the historical high from 2021 both pose resistance, with the 200-week EMA currently "acting as a resistance level." Historical experience suggests that if the price remains below this moving average, it will further lean towards a downward trend. Analysts generally remain cautious about whether the bear market has ended.
Rekt Capital states that the shortest bear market in Bitcoin's history lasted 365 days, while the current bear market has only lasted about 140 days, making any discussion about the bear market being over "potentially premature."
Trader Roman notes that previous bear market cycles saw declines close to 80%, while the current market has only retraced about 53% from the October 2025 peak, with no signs of reversal on the monthly and weekly charts. Most traders believe the trend remains unclear and caution is necessary.
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