Bitcoin Technical Analysis and Price Forecast. Bitcoin is near to make a Pullback?

2026-02-24 15:33:59

Bitcoin price faced strong decline last week from $72,000 resistance point and made nearly 20% decline from the resistance point and continuously aiming downward. At the time of writing this on Tuesday 25 Feb $BTC is trading near $63,000.

Geopolitical tensions are the main source of negative trend in the Crypto market. Its not only Crypto market that is going down you can check all the stock markets are facing sharp decline. Only RWAs Like GOLD and Silver

are surging.

Bitcoin Technical Analysis and Price Forecast

Bitcoin is consolidating above the key psychological support price level of $60,000, there are higher chances that the Bitcoin may make a pullback from this support till Thursday If the USA and Iran finalize deal. If the deals gets sign Then the target of Bitcoin before the Rates cut could be $78,000-$84,000.

Relative Strength Index RSI has entered in Oversold territory if it will make a pullback from here it will form a double bottom in RSI that could bring an upward movement in Bitcoin.

BTC-1,08%

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