{"id":17562,"date":"2026-02-23T05:18:40","date_gmt":"2026-02-23T05:18:40","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/02\/23\/analysts-warn-of-60k-retest\/"},"modified":"2026-02-23T05:18:40","modified_gmt":"2026-02-23T05:18:40","slug":"analysts-warn-of-60k-retest","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/02\/23\/analysts-warn-of-60k-retest\/","title":{"rendered":"Analysts warn of $60K retest"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/media.crypto.news\/2025\/09\/crypto-news-United-Kingdom-crypto-option03.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">Bitcoin price prediction favors a retest of the $60,000 level after losing $65,000 support amid macro tensions and weakening sentiment.<\/p>\n<div id=\"cn-block-summary-block_26ce7e6d53881ff2538d42f59d231f1d\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BTC is down 27% in 30 days and has posted five straight monthly declines.<\/li>\n<li>$65K support has broken, putting $60K in focus.<\/li>\n<li>CME futures positioning shows large traders reducing short exposure.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p class=\"is-style-default\">Bitcoin was trading at $64,846 at press time, down 4.6% in the past 24 hours. The asset has slipped 5% over the last week and is down 27% in the past 30 days.<\/p>\n<p>Bitcoin (<a href=\"https:\/\/crypto.news\/price\/bitcoin\/\" target=\"_blank\">BTC<\/a>) has now declined for five straight months since setting its all-time high in October last year, according to CoinGlass data. If losses continue through month-end, this would mark the second-longest monthly losing streak in Bitcoin\u2019s history.<\/p>\n<p>Market sentiment has deteriorated sharply. The Crypto Fear &amp; Greed Index fell four points to 5, placing it deep in the \u201cExtreme Fear\u201d zone.<\/p>\n<h2 class=\"wp-block-heading\">Macro pressure keeps $60,000 in focus<\/h2>\n<p>Caroline Mauron, co-founder of Orbit Markets, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-23\/bitcoin-btc-slides-to-65-000-in-latest-bout-of-tariff-uncertainty\" target=\"_blank\" rel=\"nofollow\">told<\/a> Bloomberg that the crypto market remains fragile, with traders closely watching the $60,000 support level. She pointed to rising tensions involving Iran and uncertainty around new U.S. tariffs as key pressure points.<\/p>\n<p>Over the weekend, President Donald Trump raised a proposed global tariff rate from 10% to 15% via Truth Social.\u00a0The move came after the U.S. Supreme Court invalidated previous emergency tariffs imposed under IEEPA. <\/p>\n<p>Then, claiming balance-of-payments issues, Trump re-imposed tariffs under Section 122 of the Trade Act of 1974. The policy change unsettled broader markets.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Traditional safe havens like gold and silver responded more favorably than risk-sensitive assets like cryptocurrency. Bitcoin still trades more like a high-beta risk asset than a defensive hedge in the current climate.<\/p>\n<p>Meanwhile, Rachael Lucas, analyst at BTC Markets, said Bitcoin would need to reclaim $70,000 to restore bullish momentum. Analysts had identified $65,000 as a key psychological and technical support level. <\/p>\n<p>That level has now been breached. A sustained move below it increases the probability of a <a href=\"https:\/\/crypto.news\/will-bitcoin-price-crash-to-60k-as-bearish-double-top-coincides-with-5-week-etf-outflows-streak\/\" target=\"_blank\">retest<\/a> of $60,000.<\/p>\n<p>On-chain data from Glassnode adds to the bearish sentiment. The seven-day EMA of Bitcoin\u2019s Net Realized Profit and Loss sits near -$480 million, after plunging to -$1.24 billion on Feb. 6. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The 7D-EMA of Net Realized Profit &amp; Loss for recent investors plunged to \u2013$1.24B\/day on Feb 06, before moderating to \u2013$0.48B\/day today.<br \/>While the intensity has cooled, the broader regime still signals a market under pressure, with participants in the base formation phase\u2026 <a rel=\"nofollow\" href=\"https:\/\/t.co\/rhCsrDuDfJ\">https:\/\/t.co\/rhCsrDuDfJ<\/a> <a rel=\"nofollow\" href=\"https:\/\/t.co\/00zibdP1om\">pic.twitter.com\/00zibdP1om<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/2025728673329111346?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 23, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>While realized losses have eased from peak capitulation levels, the market remains sell-side dominant. Glassnode noted that investor capitulation is still unfolding as Bitcoin works through a broader bottoming process.<\/p>\n<h2 class=\"wp-block-heading\">Futures positioning hints at possible base formation<\/h2>\n<p>There are early signs that institutional positioning may be shifting. A recent <a href=\"https:\/\/www.cftc.gov\/dea\/futures\/deacmesf.htm\" target=\"_blank\" rel=\"nofollow\">report<\/a> from the U.S. Commodity Futures Trading Commission shows that large traders in CME Bitcoin futures reduced short exposure significantly. <\/p>\n<p>Net positioning moved from roughly +1,000 contracts a month ago to -1,600 contracts recently, suggesting some institutional players may have flipped from net short to net long. Last April saw a similar change in positioning, which was followed by a 70% increase in Bitcoin prices. <\/p>\n<p>Analysts warn that positioning data by itself does not prove a bottom, though. The risk of a decline could reach $40,000 if important support fails.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/bitcoin-price-prediction-60k-retest-us-tariffs-2026\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price prediction favors a retest of the $60,000 level after losing $65,000 support amid macro tensions and weakening sentiment. Summary BTC is down 27% in 30 days and has posted five straight monthly declines. $65K support has broken, putting $60K in focus. CME futures positioning shows large traders reducing short exposure. Bitcoin was trading [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-17562","post","type-post","status-publish","format-standard","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/17562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=17562"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/17562\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=17562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=17562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=17562"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=17562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}