Rekt Capital: The Bitcoin bear market is not over, and the price is facing resistance at $68,000.

SmartContractAuditor · 2026-02-26T15:41:17+00:00

Rekt Capital analysis indicates that Bitcoin's price faced resistance at $68,000, and after breaking below $70,000, momentum weakened, with the 200-week exponential moving average becoming a new resistance level. The current bear market, lasting about 140 days, has not yet ended, and historically, bear markets typically decline by 80%.

SmartContractAuditor

2026-02-26 15:41:17

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Odaily Planet Daily News: Rekt Capital analysis indicates that BTC price is facing resistance at the $68,000 trend line and has weakened after falling below $70,000. TradingView data shows that BTC/USD has dropped over 1% in a day, after reaching $70,040, touching the 200-week exponential moving average (EMA) and the all-time high in 2021, but failed to hold. Rekt Capital states that the 200-week EMA has now become a resistance level. If Bitcoin remains below this level, historical data suggests the price tends to decline further. After liquidity levels below $69,000 are exhausted, momentum is lost. Yesterday’s rally pushed the price to the previous cycle high and the 12-hour trend line, but was then retraced. The trend remains clear, so caution is advised. Rekt Capital further points out that the shortest Bitcoin bear market lasted 365 days, and the current one has lasted about 140 days, with no sign of exiting the bear market yet. Historically, bear markets typically see about an 80% decline. The maximum retracement from BTC’s high of $126,200 in October 2025 to the 15-month low in February is approximately 53%. (Cointelegraph)

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