After a week of bullish optimism around Bitcoin, the Cryptocurrency had a new shock… like a surprise party at a funeral. BTC took a nosedive to $64,000 on the last day of the month, down 6% in 24 hours. The asset hit its lowest since February, near $63,000. Altcoins also reacted bearishly, which is just another day in crypto land.
This sudden reaction came after the Israel-US joint strikes on Iran. The Wall Street Journal reported… but who needs facts when you can have drama? The Israeli Defense Minister declared an emergency, and the US claimed they were “just passing through.”
Is this going to drag Bitcoin to $60K and below?
Bitcoin never closed 2 months red before… until now, when the market decided to throw a party and everyone brought a surprise.
Crypto Markers Bleed Like a Broken Piggy Bank,
Just a few minutes of news, and $100 million in long crypto positions were closed. An estimated $136.98 million in liquidations in an hour. The market’s crying jag continues.
Major altcoins like Ethereum (ETH) are feeling the pain, dropping over 7% below $1900. BNB falls 5% to $595, XRP plummets to $1.2 (8% down), Solana dips 9.8% to $78, Doge coin drops to $0.08944 (10% loss), and Cardano (ADA) to $0.2650 (8.72% loss). All losing their key support levels… which, in crypto terms, means they’re all crying in their corners.
Ethereum’s Selling Level: A New Low for the ‘Smart Contract’ King
BTC/USDT 1-hour shows retracement signs.
The BTC/USDT analysis shows a change of character (CHoCh) after the second hourly red candle. Now, the momentum is bearish, which is just another day in crypto land.
As seen, there’s a selling zone from $65,857 to $66,336 that will retrace and then continue the bullish walk… respecting the second bearish candle. $60K might be seen after a successful retracement. If the fundamental momentum shifts, the selling zone will turn into a demand zone for more liquidity. Critical watch for Bitcoin… because nothing says ‘critical’ like a 10% drop.
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2026-02-28 11:22