{"id":643,"date":"2026-02-10T10:18:55","date_gmt":"2026-02-10T10:18:55","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=643"},"modified":"2026-02-10T10:18:55","modified_gmt":"2026-02-10T10:18:55","slug":"analysts-caution-that-bitcoin-downtrend-may-continue-as-price-struggles-near-68k","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/02\/10\/analysts-caution-that-bitcoin-downtrend-may-continue-as-price-struggles-near-68k\/","title":{"rendered":"Analysts Caution That Bitcoin Downtrend May Continue as Price Struggles Near $68k"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"576\" height=\"429\" data-id=\"644\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1387-1.jpeg\" alt=\"\" class=\"wp-image-644\" srcset=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1387-1.jpeg 576w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1387-1-300x223.jpeg 300w\" sizes=\"auto, (max-width: 576px) 100vw, 576px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Crypto market analysts are growing increasingly pessimistic as technical indicators suggest Bitcoin may face further declines before any solid recovery takes place.<\/p>\n\n\n\n<p>A rising number of signals associated with peak bear markets are appearing on Bitcoin charts, leading analysts to believe that while the worst may be approaching, the market has not fully stabilized yet.<\/p>\n\n\n\n<p>Bitcoin has closed below its 100 week moving average for three consecutive weeks and has remained under this long term indicator for 13 days, according to Coin Bureau chief executive Nic Puckrin. Historically, Bitcoin has stayed below this level for an average of 267 days, with the shortest duration being 34 days during the March 2020 Covid market crash. Puckrin noted that while a short term rebound is possible, prolonged weakness below this level reduces the likelihood of a quick recovery.<\/p>\n\n\n\n<p><strong>Accumulation May Follow Further Declines<\/strong><\/p>\n\n\n\n<p>MN Fund founder Micha\u00ebl van de Poppe pointed out that the proportion of Bitcoin holders sitting at a loss continues to increase, a pattern typically seen during major bear markets such as those in 2015, 2018, and 2022. He suggested that this phase could present long term accumulation opportunities.<\/p>\n\n\n\n<p>CryptoQuant founder Ki Young Ju echoed the cautious outlook, stating that Bitcoin currently lacks the conditions needed for strong upward momentum. He explained that selling pressure remains too intense and that institutional or treasury driven demand is unlikely to have an impact until market conditions improve.<\/p>\n\n\n\n<p>On chain data firm Glasnode reported that unrealized losses around the $70,000 level account for roughly 16 percent of Bitcoin\u2019s total market capitalization, a structure similar to market conditions observed in early May 2022.<\/p>\n\n\n\n<p>Market analyst Sykodelic noted that trading volume spiked significantly during the recent drop toward $60,000, marking one of the largest volume events since the 2022 bottom. He added that similar volume surges in the past have often coincided with major price turning points, raising the possibility that $60,000 could represent a local bottom.<\/p>\n\n\n\n<p><strong>Bitcoin Slips Below $70K Again<\/strong><\/p>\n\n\n\n<p>Bitcoin fell below $70,000 twice on Monday and was trading near $69,000 during Asian market hours on Tuesday. The price has been consolidating around this range after rebounding from a sharp decline to $60,000 on Friday. Despite the bounce, Bitcoin remains 44 percent below its all time high and continues to trade firmly within bear market territory, with downside pressure still dominating.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto market analysts are growing increasingly pessimistic as technical indicators suggest Bitcoin may face further declines before any solid recovery takes place. A rising number of&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-643","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=643"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/643\/revisions"}],"predecessor-version":[{"id":645,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/643\/revisions\/645"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}