📉 Bitcoin's Bearish Market - When Will It End? |21 Feb 26|

Welcome back to

BULL MARKET BYTES

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Your byte of cryptocurrency insight where we watch Bitcoin’s price continue to drop . . .

Good thing we didn’t go all in on crypto . . . right . . . right!? 😅

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin’s Daily Movement 

• What to Anticipate Next 

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

📊 OUR BOLD PREDICTION

February sits at a worse return on investment for Bitcoin than January . . .

We should have never listened to that random 9-year-old Youtuber that said Bitcoin was going to $1 million this year and not to sell until then haha!

With January ending at -10.17% and February currently at -13.65%, this will the first time in history that Bitcoin would be red both months in a single year!

Maybe this is actually a good thing sign . . .?

📊 KEY STATISTICS

• Overall Market Capitalization = $2.32T

  • (40B decrease since last Saturday)

• Bitcoin Market Capitalization = $1.35T

  • (20B decrease since last Saturday)

• Bitcoin’s ROI in February = -13.65%

📊 BITCOIN’S DAILY MOVEMENT

February should be the month of love, but we aren’t feeling any love with how Bitcoin has been treating us haha!

As Bitcoin continues to follow a downward trend, Bitcoin is in a textbook descending wedge formation.

With this current bearish formation, it would lead Bitcoin back down to $60,000 by the 24th of March.

Bitcoin falling below the “pullback area” and with the massive dive from the all-time high . . .

It is safe to say that we have entered a bearish market - which no one wants to hear.

Now, the question that everyone needs the answer to . . . how long will we be in this bearish market?

Historically, the bearish market lasts for 30-36 months as the bullish cycle is every 4 years, however things could be different this time.

With mass-adoption, the bearish cycle may have shrunk to 12-18 months, but it could be even less!

Ready to get into the “meat and potatoes” of Bitcoin’s projections? Check out our “What to Anticipate” section below.

🧠 MARKET PSYCHOLOGY

Surprisingly enough, the market is almost split down the middle between bulls and bears, even with Bitcoin dropping ~50% since the all-time high last year!

As it stands right now, long (bullish) traders make up 49.72% of the market while short (bearish) traders make up 50.28%.

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🔮 WHAT TO ANTICIPATE

As stated last Saturday . . .

Bitcoin’s inverse cup and handle formation continues to hold along with the descending wedge . . . two bearish formations (twice the fun, we think haha)!

Bitcoin held above $65,000 before pushing back up but Bitcoin retracting back towards $65,000 and then $60,000 is definitely in the cards!

📈 BULLISH SCENARIO

Bitcoin’s price must break above the descending price line, which is the top of the descending wedge, to cause a reversal in price.

To regain bearish territory, breaking above major resistance at $71,741.45 is crucial!

Unfortunately, we did not see a break above this area in the past 7 days, which lowers the possibility of it occurring soon, but we can dream can’t we!?

If Bitcoin does not break above the top of the descending wedge within the next 72 hours, then anticipate a move lower.

📉 BEARISH SCENARIO

The bull flag formation still exists, but it is not textbook by any means.

With where Bitcoin currently is, we are getting a mixture of bullish and bearish pressure which has split the market (seen by the bull/bear ratio above).

If Bitcoin continues the path of the descending wedge, then Bitcoin will break below $60,000 by the 24th of March.

However, this is an extended timeframe, and many moves can occur in the next 30 days.

👀 WATCH FOR THIS NEXT

The next 72 hours are critical!

We need for Bitcoin to find a strong support so it doesn’t continue to freefall, and $60,000 is currently that strong support.

If Bitcoin can start a reversal at this level, we could see bitcoin between $71,741.45 and $73,619.30 by the end of the month.

Granted, February has turned out to be a deep red month so March may hold the key to the reversal.

🧠 OUR OVERALL THOUGHTS

How long will the bearish market last . . .

We anticipate that we will be in turmoil until around May - July, but it could easily last longer depending on real-world events.

Many investors are taking the time as an opportunity to buy more and buy down their average cost in their portfolio.

Others are running for the hills and putting in job applications at McDonalds . . .

Bitcoin dropping in this manner is nothing new . . . we have seen it every cycle after a new-all-time high.

This is cryptocurrency, not the stock market - the movement should scare you because as fast as it drops is as fast that it can rocket!

Until next time, be safe out there, and may the bull guide you well . . .

BULL MARKET BULLETIN 📌

Analysts Calls for Bitcoin to Hit $150,000 in 2026 Bitcoin is becoming oversold, but enough for it to rocket this year? Time will tell!

Quantum Computer Fears Haven’t Disappeared The fear that quantum computers could interfere with Bitcoin’s blockchain could be behind the massive price drop . . .

BULLISH OR BULLSH*T? 🤔

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