BlockBeats News, February 17 — According to Decrypt, if Bitcoin declines in February, it will mark the fifth consecutive month of decline, setting the longest losing streak since the 2018 bear market. Currently, February has already seen a drop of 13.98%.
Since falling from its October 2025 all-time high, Bitcoin has accumulated a decline of 52.44%, just 3.82 percentage points away from the maximum drawdown of 56.26% during the 2018 bear market, taking only 123 days.
The total market capitalization of the overall crypto market stands at $2.33 trillion, down 1.33% in the past 24 hours. The Fear and Greed Index has risen from 8 to 12 but remains in the “Extreme Fear” zone. The market prediction platform Myriad indicates that traders currently assign a 60% probability that Bitcoin will first reach $55,000 rather than $84,000.
On the technical side, Bitcoin’s price remains below the 200-day exponential moving average (EMA200), with EMA200 also below the EMA50, indicating that bearish momentum is dominant. The Relative Strength Index (RSI) is at 34.7, in the bearish zone; the Average Directional Index (ADX) is at 56.4, showing that the current downtrend is strong.
Analysis suggests that to reverse the trend, Bitcoin needs to break above $100,000 or form a structural reversal pattern with sustained higher lows. Currently, the market remains in a relatively prolonged downward phase in historical terms.
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
Analyst Ignores Bitcoin (BTC) Price Crash Narratives, Points to Hidden Bull Signals That May Matter More
Bitcoin price keeps struggling, and panic around crypto has started climbing with every fresh dip. BTC has lost its footing near recent highs, and that has pushed many traders to focus only on red candles and short-term fear.
A new breakdown from the Savvy Finance YouTube channel takes a very
CaptainAltcoin52m ago
Vancouver’s Bitcoin Reserve Faces City Bureaucrats’ Pushback
Vancouver’s financial staff have recommended against establishing a dedicated Bitcoin reserve, arguing the move would breach the Vancouver Charter and advising the council to drop the proposal. In a March 2 motions update, Colin Knight, who heads the Finance and Supply Chain Management department, s
CryptoBreaking1h ago
Bitcoin News: Nasdaq EV Firm Jiuzi Targets $1B BTC Acquisition
March 6, 2026 9:15 pm EST
TheCoinRepublic1h ago
This week, the US Bitcoin spot ETF saw a net inflow of $568 million, with BlackRock IBIT inflows of $660 million.
This week, the US Bitcoin spot ETF saw a net inflow of $568 million, mainly from BlackRock's IBIT and several other funds, while Fidelity's FBTC and Grayscale's GBTC experienced net outflows.
GateNews2h ago
CryptoQuant: Bitcoin NUPL--MVRV indicator reaches 0.33, or has entered the mid-stage of a bear market
Gate News Announcement, March 7th, CryptoQuant analyst Axel pointed out on the X platform that the Bitcoin NUPL--MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms typically occur around the 0.5 range. The chart shows that the bear market cycle is beginning to shift upward, indicating that Bitcoin may have entered the mid-stage of this bear market cycle, suggesting that extreme selling conditions are easing. However, this indicator is still well above historical bottom levels, implying that a market-wide bottom has not yet been confirmed.
GateNews2h ago
