Bitcoin (BTC) Price Analysis and Forecast for February 26–28, 2025

As of February 26, 2025, Bitcoin (BTC) is trading at approximately $87,524, marking a 1.57% decline in the last 24 hours. After a recent surge to $92,000, the cryptocurrency has once again experienced a correction. What is causing this drop? Is it a temporary correction or the beginning of a deeper downtrend?

Reasons for Bitcoin’s Price Decline

1. Macroeconomic Uncertainty

The recent introduction of new trade tariffs by U.S. President Donald Trump on Canada and other countries has raised concerns about inflationary pressure and a potential economic slowdown. Such developments influence investor sentiment, prompting them to avoid riskier assets like cryptocurrencies.

2. Bybit Exchange Hack

A recent hack that resulted in the theft of $1.5 billion in Ethereum from the Bybit exchange has shaken investor confidence in cryptocurrency platform security. As a result, many users have started withdrawing their funds, leading to a sharp sell-off in the market.

Bitcoin Technical Analysis

Key Support and Resistance Levels:

• Support: $85,000, $80,000
• Resistance: $90,000, $95,000

Bitcoin is approaching the support level at $85,000. A breakdown below this level could signal further correction towards $80,000. Conversely, breaking above the resistance at $90,000 could pave the way for a rally towards $95,000.

Technical Indicators:

• RSI (Relative Strength Index): Currently at 45, indicating a neutral sentiment with a slight selling pressure.
• MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, suggesting a potential continuation of the downtrend.
• SMA (Simple Moving Average) 50 and 200 Days: BTC is trading below both moving averages, confirming a long-term bearish trend.

Forecast for the Next Few Days

Optimistic Scenario:

If Bitcoin maintains support at $85,000 and breaks through resistance at $90,000, further growth towards $95,000 is possible. Factors supporting this scenario include:

• Continued easing of cryptocurrency regulations in the U.S.
• Growing institutional investor interest.
• Positive macroeconomic data favoring riskier assets.

Pessimistic Scenario:

If Bitcoin falls below the $85,000 level, a correction towards $80,000 is likely. Risk factors include:

• Sudden regulatory tightening or negative cryptocurrency-related news.
• Profit-taking by large investors, leading to increased market supply.
• Negative macroeconomic data prompting investors to avoid risk.

Long-Term Outlook

Analysts predict that Bitcoin could reach $150,000 by the end of 2025, driven by increasing institutional adoption and limited supply. However, investors should be aware of the high volatility in the cryptocurrency market and adjust their investment strategies according to their individual risk tolerance.

Bitcoin is at a critical point, approaching significant support and resistance levels. Investors should closely monitor both technical and fundamental indicators to make informed investment decisions.