Bitcoin advanced above $68,000 after building support over $66,000, setting a high at $70,000. It is trading above $67,500 and the 100‑hour simple moving average, with resistance at $68,500 and $69,200; failure to break higher could send price back toward $67,200, $66,250, $66,000, and the main support at $65,500.

On Feb 26, 2026, Bitcoin’s derivatives metrics showed deeply negative funding as traders added short exposure, according to CryptoQuant. Despite the bearish futures tilt, spot price action continued to defend the $68,000–$69,000 area, with a broader range between $62,000 and $69,000 and a key support reference near $60,000.

An Elliott Wave specialist on X has outlined a bearish roadmap suggesting Bitcoin is entering the final leg of its current downtrend, with Wave 5 now in play and the prior corrective Wave 4 structure considered complete. The analysis maps an initial downside objective around $60,385 from a spot price near $65,000, followed by a deeper potential trough near $55,759 based on Fibonacci levels.

Bitcoin traders are preparing for Friday's $10.5 billion monthly options expiry, with current data showing put options holding the upper hand while BTC trades around $68,800. Deribit leads the market with the bulk of open interest, and scenarios modeled around price ranges between $65,000 and $74,000 all currently favor sellers unless Bitcoin can stage a 9% move back above $75,000. A strong 90% correlation with the Nasdaq 100 suggests that tech sector sentiment and major earnings, including Nvidia, may heavily influence the expiry outcome.

Bitcoin climbed to $67,000 at Wednesday’s Wall Street open, adding roughly 4.5% on the day as it moved toward the 200-week EMA around $68,330. Remarks from U.S. Trade Representative Jamieson Greer on 15% tariffs had limited impact, while traders flagged a weekly level near $74,492 and noted an emerging RSI divergence versus gold.

The Coinbase Bitcoin Premium Index turned positive after nearly two months in the red, with BTC priced at least $10 higher on Coinbase than on Binance. On February 25, 2026, Bitcoin traded at $67,151.18, up 5.98% in 24 hours. Analysts cautioned this is not a full trend reversal, but it points to rising U.S. interest.

Bitcoin rose from about $64,000 to above $66,000 on Tuesday evening, marking an intraday gain of roughly 3.5% as traders watched President Donald Trump's State of the Union speech and broader market moves. Analysts said the main focus was Nvidia's upcoming earnings and improving risk sentiment, with Bitcoin now testing resistance near $66,400 while still trading well below its October peak around $126,000.

Over the past three weeks, Bitcoin has retreated from $70,524 to around $64,074, while the last 24 hours saw price oscillate between roughly $62,800 and $66,200 and then reclaim the $65,000 area. At the same time, U.S. spot Bitcoin ETFs recorded a $257.7 million net inflow on Tuesday, sharply above their long‑run daily average, even as Deribit’s 7‑day put‑call skew slid from -6% to -17% as traders aggressively bid for downside protection. If bulls can hold $65,000 and keep ETF flows positive, the market may be attempting to build a local bottom, though elevated hedging and tariff‑driven macro uncertainty still threaten a slide toward lower support levels near $61,000 and $56,048.