Bitcoin bear market not 'over already' as price rejects at $68K trend line

CoinTelegraph

by William Suberg

February 26, 2026

AI-Generated Deep Dive Summary

Bitcoin's rally appears to be losing steam as its price struggles to reclaim key support levels following a recent rebound above $70,000. Despite reaching this notable milestone, traders remain cautious, with many expecting the bear market to mirror previous cycles in terms of duration and volatility. The cryptocurrency market has historically experienced prolonged downturns, and Bitcoin’s current behavior suggests that bulls face an uphill battle as resistance at higher levels continues to hinder upward momentum. The article highlights that Bitcoin failed to sustain its rally above $70,000, a crucial psychological barrier. This trend line represents more than just a numerical milestone; it signals a potential shift in market sentiment and technical indicators. Traders are closely monitoring whether the cryptocurrency will hold steady at these levels or face further corrections, which could extend the bear market cycle. The inability to reclaim lost ground underscores the challenges bulls are facing, as bears maintain control of the immediate price action. For crypto investors and enthusiasts, this situation is critical because it reflects broader market dynamics in a sector known for its volatility. Bitcoin’s performance often sets the tone for the entire cryptocurrency market, and its current trajectory could influence short-term trading strategies and long-term investment decisions. The article emphasizes the importance of historical context, as previous bear markets have lasted several years, suggesting that patience and risk management remain essential for participants in this space. Ultimately, while Bitcoin’s recent rebound has sparked hope among bulls, the broader market sentiment and technical resistance indicate that the road to recovery will be anything but smooth. This underscores the need for investors to stay informed and cautious as they navigate the uncertain waters of the cryptocurrency market. Whether Bitcoin can break free from its current constraints or if it will continue to face headwinds remains a key question in the minds of crypto traders worldwide.

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Originally published on CoinTelegraph on 2/26/2026