On February 24, it was reported that due to increasing uncertainty surrounding Trump’s tariff policies and weakening macro risk sentiment, Bitcoin briefly fell below the $63,000 level during Asian trading hours, continuing the recent correction trend. Data shows that BTC has declined nearly 7% this week, with prices retreating to a low not seen since early February, sparking discussions about whether Bitcoin’s price is entering a deep correction phase.
According to CoinDesk, current selling pressure is driven not only by macro policy expectations but also by risk asset revaluation amid turbulence in the artificial intelligence sector. Trader Matt Howells-Barby pointed out that repeated tariff policy uncertainties and geopolitical tensions are weakening short-term risk appetite, causing Bitcoin to weaken in tandem with U.S. stocks.
From a technical perspective, the $60,000 level is seen as a key support. If this level is broken, the market could test the historical demand zone between $50,000 and $55,000. This area also corresponds to a multi-cycle accumulation zone, which is significant for medium- and long-term trends.
Historical cycle data shows that Bitcoin often forms a bottom after the 50-week moving average crosses below the 100-week moving average (a typical bear market crossover). This signal appeared at the end of the bear markets in 2018 and 2022. Currently, the 50-week MA remains significantly above the 100-week MA, indicating that from a cycle perspective, BTC has not yet entered a typical “bottom confirmation” phase.
It is important to note that moving averages are lagging indicators; their crossovers reflect past trends rather than immediate predictions. Therefore, under the macro policy pressure, risk asset volatility, and tightening market liquidity, Bitcoin’s short-term volatility may continue to rise. Investors are closely watching the support levels at $63,000 and $60,000, as well as whether deeper technical correction signals emerge.
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
Bitunix Analyst: US and Japan May Be Planning Joint Intervention, Rate Cut Expectations Fluctuate Again
Market focus shifts to exchange rates and interest rates. The U.S. Treasury Department has proactively initiated a "currency check" to support the yen, possibly related to uncertainties before the Japanese general election. Meanwhile, divergence in Federal Reserve policy paths and labor market performance will influence rate cut expectations. In the crypto market, BTC prices fluctuate, and attention should be paid to how the macro environment affects liquidity flows.
GateNewsBot17m ago
Data: In the past 24 hours, the entire network has liquidated $375 million, with long positions liquidated at $291 million and short positions at $83.7468 million.
In the past 24 hours, the total liquidation amount across the entire network reached $375 million, with long positions liquidated at $291 million and short positions at $83.7468 million. Both Bitcoin and Ethereum experienced significant liquidations, affecting a total of 124,467 people. The largest single liquidation was $2.9532 million.
GateNewsBot18m ago
Bitcoin has fallen for five consecutive months, dropping below $63,000 again.
The cryptocurrency market continues to be sluggish, with Bitcoin falling below $63,000 and the panic index at an extreme fear level. Global stock markets have declined due to AI and geopolitical risks, while precious metals are favored. Tensions between Trump and Iran have escalated, and new tariff policies have triggered market panic, boosting risk aversion. Analysis indicates that the Bitcoin market needs to restore demand, and liquidity is expected to gradually recover.
TechubNews26m ago
Bitcoin payments are being adopted in real-world scenarios, with Satlantis entering the event ticketing market through the Lightning Network.
February 24 News, Web3 company Satlantis officially launched a Bitcoin-based live event ticketing platform, supporting direct ticket payments via the Lightning Network, while also being compatible with traditional payment methods such as bank cards and cash. This further promotes the practical application of Bitcoin payments in real-world commercial scenarios. The model aims to reduce payment costs and improve settlement efficiency, providing event organizers and crypto users with more flexible payment options.
Unlike traditional ticketing systems that rely on banks and third-party payment processors, Satlantis has built its core architecture on the Lightning Network, enabling near-instant confirmation and extremely low fees for Bitcoin micro-payments. Users can choose Bitcoin payments just like selecting a debit card when purchasing tickets. The built-in Lightning wallet can complete transactions within seconds, significantly optimizing the daily Bitcoin payment experience and the usability of crypto payments.
GateNewsBot27m ago
Satlantis Brings Native BTC Payments to Live Events
Satlantis has launched a ticketing platform enabling BTC payments through the Lightning Network, enhancing everyday Bitcoin utility while allowing fiat transactions. This system reduces fees, speeds up transactions, and attracts crypto users, paving the way for broader real-world Bitcoin adoption.
Coinfomania30m ago
Bitcoin Treasury Company Empery Digital shareholders publicly demand the CEO's resignation and the liquidation of all BTC
Empery Digital's major shareholder Tice P. Brown rejected the management's share buyback proposal, accusing it of being aimed at consolidating the CEO's position rather than protecting shareholders' interests. He demanded that CEO Ryan Lane resign and sell the company's Bitcoin assets to return funds to shareholders. The company currently holds approximately 4,081 Bitcoins, valued at about $258 million.
GateNewsBot31m ago
