{"id":21475,"date":"2025-02-25T10:22:42","date_gmt":"2025-02-25T08:22:42","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-falls-to-new-yearly-lows-below-89000-2\/"},"modified":"2025-02-25T10:22:42","modified_gmt":"2025-02-25T08:22:42","slug":"bitcoin-falls-to-new-yearly-lows-below-89000-2","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-falls-to-new-yearly-lows-below-89000-2\/","title":{"rendered":"Bitcoin Falls to New Yearly Lows Below $89,000"},"content":{"rendered":"<p>In the early hours of February 25, the price of the leading cryptocurrency tested the $91,000 level, which had previously limited its decline in January and February.<\/p>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1445.webp\" alt=\"1-1445\" class=\"wp-image-252633\" style=\"width:839px;height:auto\"\/><figcaption class=\"wp-element-caption\">Daily chart of BTC\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, the asset is trading at $91,600, losing 4.5% in value over the past 24 hours.<\/p>\n<div class=\"wp-block-text-wrappers-update article_update\"><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Seven hours after consolidating above the $91,000 support, a new wave of selling pushed prices to new yearly lows. At one point, the price fell to $88,200.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/42724\" data-width=\"100%\"><\/script><\/p>\n<p>The volume of liquidations increased to $1.34 billion.<\/p>\n<\/div>\n<p>The weakness of digital gold led to a correction in altcoins. Ethereum&#8217;s price fell below $2,500, and Solana dropped below $140.<\/p>\n<p>The negative revaluation of the top 10 cryptocurrencies by market capitalization, excluding Bitcoin, ranges from 5.4% to 12.4%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-1029.webp\" alt=\"2-1029\" class=\"wp-image-252634\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>The daily liquidation volume<a href=\"https:\/\/www.coinglass.com\/LiquidationData\"> exceeded $880 million<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-579.webp\" alt=\"3-579\" class=\"wp-image-252635\"\/><figcaption class=\"wp-element-caption\">Data: Coinglass.<\/figcaption><\/figure>\n<p>The cryptocurrency fear and greed index plummeted from 49 to 25 points in a day, entering the zone of extreme fear.<\/p>\n<p>Such levels were last seen in early September of the previous year, during Bitcoin&#8217;s last correction before a rise of over 100%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-364.webp\" alt=\"4-364\" class=\"wp-image-252636\"\/><figcaption class=\"wp-element-caption\">Data:\u00a0<a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"noreferrer noopener\">Alternative.me<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Since the beginning of February, digital gold<a href=\"https:\/\/www.coinglass.com\/today\"> has depreciated by 10.6%<\/a>; a deeper decline was only seen in 2014 (-31%). On average, the leading cryptocurrency has increased in value by 12.2% (median) during this month.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/5-224.webp\" alt=\"5-224\" class=\"wp-image-252637\"\/><figcaption class=\"wp-element-caption\">Data: Coinglass.<\/figcaption><\/figure>\n<p>Trader and analyst Rekt Capital highlighted the necessity for Bitcoin to reclaim the ~$96,700 mark by the end of February. This would allow for a monthly close above the top of the &#8220;bull flag,&#8221; confirming the breakout and setting the stage for a continuation of the trend.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a><\/p>\n<p>The Bitcoin post-breakout retest of the Monthly Bull Flag has been a volatile retest thus far<\/p>\n<p>Bitcoin will need to Monthly Close above the Bull Flag top to confirm the breakout &#038; set itself up for trend continuation over time<\/p>\n<p>~$96700 needs to hold<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/HXEsC7kN3p\">https:\/\/t.co\/HXEsC7kN3p<\/a> <a href=\"https:\/\/t.co\/TcwNYkCdoN\">pic.twitter.com\/TcwNYkCdoN<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1893996786173259958?ref_src=twsrc%5Etfw\">February 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>CryptoQuant has concluded that the leading cryptocurrency may enter a <a href=\"https:\/\/u1f987.com\/en\/news\/experts-warn-of-bitcoins-potential-shift-to-bearish-phase\">new bearish phase<\/a>.<\/p>\n<p>Previously, CoinDesk<a href=\"https:\/\/u1f987.com\/en\/news\/experts-identify-three-risks-threatening-bitcoins-90000-level\"> identified three risks<\/a> for Bitcoin losing the $90,000 level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the early hours of February 25, the price of the leading cryptocurrency tested the $91,000 level, which had previously limited its decline in January and February. Daily chart of BTC\/USDT on Binance. Data: TradingView. At the time of writing, the asset is trading at $91,600, losing 4.5% in value over the past 24 hours. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1145],"class_list":["post-21475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21475"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21474"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}