21:05 ▪
4
min read ▪ by
Bitcoin has not confirmed its rebound. After attempting a recovery above $70,000, the price was rejected below the $68,000 trendline, a technical level monitored by analysts. The move is rekindling questions about the end of the bear market, while some signals suggested stabilization. The rejection now pits BTC against major resistance and reignites the debate over the strength of the current cycle.
In short
- Bitcoin failed to confirm its bounce after the rejection below the $68,000 zone.
- The 200-week exponential moving average now acts as a major technical resistance.
- A peak at $70,040 followed by a pullback rekindles doubts about the end of the bear market.
- Bitcoin’s ability to sustainably regain $68,000 will determine the next phase of the cycle.
Rejection below a key level: Bitcoin stumbles on resistance at $68,000
The crypto market once again faced a harsh technical reality. In fact, Bitcoin failed to turn the $68,000 zone into sustainable support. After attempting to climb to $70,000, selling pressure quickly regained control, making the idea of a clear recapture of recent highs impossible. This price reaction occurs at a time when part of the market was waiting for a clear signal to exit the bearish phase.
At the heart of this dynamic is a structural indicator closely watched by analysts: the 200-week exponential moving average. Historically considered a key line of defense for bull cycles, it now functions as a technical ceiling. This polarity shift is a strong signal for traders analyzing previous Bitcoin cycles.
The reported facts reveal several specific elements:
- Bitcoin reached around $70,040 before falling back below the $68,000 area;
- The $68,000 zone corresponds to a major trend line, now tested as resistance after serving as support;
- Analyst Rekt Capital said the 200-week exponential moving average now “acts as resistance” ;
- He adds to that “As long as Bitcoin trades below the 200-week exponential moving average, the history of the cycle suggests that the price remains oriented for further downward pressure”.
This technical rejection thus puts the market structure back into a cautious configuration where Bitcoin’s ability or inability to sustainably regain these levels will determine the continuation of the cycle.
Market Outlook
The way this rejection has been interpreted goes beyond simple price action. It supports a growing consensus that it is probably premature to herald the end of the current bear market, as Rekt Capital explained on social network X.
This warning reflects the observation that Bitcoin has only been in its current bear cycle for about 140 days, an interval still shorter than the minimum duration seen in previous cycles.
The impact of this rejection is also magnified by the depth of the decline seen this year. Thus, BTC has seen a decline of almost 53% from its October 2025 cyclical high, raising concerns about the possibility of a prolonged capitulation if major support levels are breached.
The rejection of $68,000 reminds us that the structure remains fragile. Until major resistances are regained, doubts prevail. Sure, Bitcoin will bounce back thanks to the $258 million pumped into the ETF, but that one-time boost will need to be sustained over time to really change the dynamics of the cycle.
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A graduate of Sciences Po Toulouse and holder of the blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I committed myself to raising awareness and informing the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and take advantage of the opportunities it offers. I strive every day to provide an objective analysis of current events, decipher market trends, convey the latest technological innovations, and put into perspective the economic and social issues of this ongoing revolution.
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be taken as investment advice. Before making any investment decision, do your own research.
