Bitcoin Hits a Wall at $70,000 as Bearish Streak Persists

Bitcoin struggles near $67,700, blocked by triple resistance: the 200-week EMA ($68,300), the 2021 all-time high ($69,000), and the $70,000 psychological mark.

February marked the fifth straight month of losses, a rare streak last seen in 2018’s bear market.

Analysts say a weekly close above the 200-week EMA could spark a rebound toward $80,000, but the bear may linger until April as selling pressure nears exhaustion.

For now, the streak keeps $BTC traders cautious.