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Bitcoin is below $90K, and RSI shows a pattern that has led to major price drops before. The next key support levels are $84K and $76K, and a break could send Bitcoin even lower. RSI signals weak momentum, and traders now wait to see if Bitcoin follows past patterns. Bitcoin is showing a classic bearish divergence against the Relative Strength Index (RSI) on the weekly chart, a pattern that has historically signaled major market corrections. The last time Bitcoin displayed a similar divergence, price movements led to a prolonged downturn. Currently trading at $88,643, Bitcoin has dropped 7.95% within four days, reinforcing concerns that a deeper correction could be underway. Bitcoin could enter an extended downtrend if history repeats, with further declines ahead. The last time #Bitcoin $BTC showed a bearish divergence against the RSI on the weekly chart, it triggered a bear market! RSI Divergence Signals Potential Weakness There are endless examples on the chart where the price of Bitcoin has taken bigger jumps whereas RSI has not reached the level it did on a previous identical occasion. This divergence is a sort of warning, meaning that the current upward momentum should not be trusted. It can be noted that significant market falls have always followed such movements, as was the case in the past uptrends. The most significant of such a reversal pattern took place in the year 2021, when Bitcoin blasted past the $69000 mark, whereas RSI did not give that signal. That was followed by a brutal bearish market, with Bitcoin going below the $16,000 level towards the end of the year 2022. This scenario was repeated in May 2024, as the RSI reached above 70 despite prices of Bitcoin surpassing $100K. However, as was the case in the previous cycle and this episode, RSI formed a lower peak. If this happens again, there is the possibility of Bitcoin undergoing a more intense retracement in the near term. The RSI has fallen to approximately 50 levels already, indicating that the recent bullish run might have reached a logical breakpoint. Critical Support Levels in Focus The drop of Bitcoin below the considerably lower level right now is critically important to traders. In this regard, the levels that are of great interest and will be watched closely are those tested in the recent high of just below sixty thousand dollars. The very first but still very crucial mark is located slightly below eighty-four thousand dollars, which was previously regarded as a tough ceiling even before Bitcoin moved up. That is, like in the past there are two well-tested bounce zones, but to keep in mind, before the last uptrend took off, the support area has been tested at the level of seventy-six thousand dollars. If these marks are not held and the markets lose momentum in this range, the fall could see the cryptocurrencies plunging even lower to around $60,000. That said, should the price remain above $84,000, a stop gain could take place even over the short term to frustrate the fall. The market will decide in the course of the next few weeks whether it is an ABC move or the new impulsive move upcoming from that correction. Market Sentiment and Outlook Bitcoin’s RSI divergence has traders cautious as historical data shows similar patterns led to market downturns. While some argue that this cycle is different, the technical signals suggest otherwise. A break below key support levels could confirm that Bitcoin is entering another bearish phase, much like it did in 2021. With price action closely mirroring past cycles, traders are preparing for increased volatility. Whether Bitcoin follows previous patterns or defies expectations remains to be seen, but the current technical setup suggests that caution is warranted.

$BTC on the Edge – Will BTC Break? 75000 SOON . Good afternoon, Binance family! 💞 Bitcoin is teetering at a critical level after facing repeated rejection. Currently trading at $86,456, BTC has been unable to break through key resistance, raising concerns of a further drop toward $80K. Is this the next big move? 📊 Key Levels to Watch 🔺 Resistance: $100,190.62 – BTC has failed to reclaim this level, signaling continued bearish pressure. 🔻 Support: $80,174.10 (Target Zone) – If selling pressure intensifies, BTC could test this zone as the next major support. 🎯 Trade Setup – Capitalizing on the Next Move! 📉 Short Entry: Look for a rejection around $87,500, with downside targets at $82,000 and $80,174.10. 📈 Long Entry: A strong bounce from $80,000 could offer a potential reversal setup. 🚨 Stop-Loss: Above $88,000 to manage risk effectively. 📉 Market Insights – What’s Fueling This Move? ✅ Sustained Bearish Momentum: BTC remains in a clear downtrend with weak recovery attempts. ✅ Failed Resistance Breaks: Multiple attempts to reclaim key levels have been rejected. ✅ $80K Support Under Threat: If BTC fails to hold, the next leg lower could accelerate quickly. 💡 Final Take: If BTC doesn’t reclaim $88,000, the probability of testing $80,174.10 increases. However, if support holds, a recovery could be on the table.

Major U.S. stock market indices close lower The three major U.S. stock market indices closed lower. S&P500: -1.58% Nasdaq: -2.75% Dow: -0.45%

The U.S. House of Representatives has taken a major step to challenge the IRS's tax policy on decentralized finance (DeFi) platforms. The House Ways and Means Committee voted 26-16 to reverse the IRS's transaction-reporting rule, a move that now heads to the full House for consideration. - The IRS's rule, approved last December, was criticized by the crypto industry for treating DeFi protocols like brokers, potentially disrupting their operations. - A Senate version of the resolution, led by Senator Ted Cruz, aims to cut this rule as well. What do you think? Should DeFi platforms be exempt from broker-like reporting? Share your thoughts below! 👇

Whales bought LINK, and WLD amid significant price corrections across the crypto market. Strategic accumulation of these altcoins is occurring even as the broader altcoin market cap fell from $333 billion on January 19 to $245 billion currently. The notable increase in large addresses holding these tokens suggests major investors see value at current prices. This accumulation pattern across LINK, and WLD could indicate early positioning for potential recovery. 🔸 Chainlink ( #LINK ) Like other altcoins, Chainlink has faced significant corrections recently, with its value dropping more than 13% over the past week. This decline has pushed LINK out of the top 10 cryptos by market cap, with its total value falling below $10 billion. The pressure on Chainlink price has been persistent. It has remained under $24 for nearly a month, indicating a sustained bearish trend in the market. Despite this downward momentum, potential signs of recovery are emerging. While the number of LINK whales – addresses holding between 100,000 and 1,000,000 LINK – decreased from 577 on February 4 to 566 on February 23, a notable reversal occurred on February 25. 🔸 Worldcoin ( #WLD ) Worldcoin price has experienced a severe market correction over the past month, with its price plummeting more than 41%. This dramatic decline has significantly impacted its market capitalization, which now stands at $1.17 billion – a substantial drop from its peak of nearly $3 billion in December 2024. Such a pronounced downtrend reflects considerable selling pressure and potentially waning investor confidence in the Worldcoin project during this period. Interestingly, despite this sharp price decline, whale behavior suggests a potential shift in market sentiment. While the number of Worldcoin whales remained relatively stable throughout most of the month, fluctuating narrowly between 170 and 166, a notable change occurred on February 16 when large holders began accumulating WLD again.