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Bitcoin’s weekly candle closed before a key moving average, breaking a 30-month trend and possibly signalling that new price lows are pending.Bitcoin (BTC) closedBitcoin’s weekly candle closed before a key moving average, breaking a 30-month trend and possibly signalling that new price lows are pending.Bitcoin (BTC) closed

Critical Bitcoin weekly trend breaks for first time in 2+ years: Is BTC done?

Author: Coinstats

Source: Coinstats

2026/02/24 03:45

1 min read

BTC$64,880-3.94%

67$0.002007-10.12%

NEAR$0.9841-3.31%

Bitcoin’s weekly candle closed before a key moving average, breaking a 30-month trend and possibly signalling that new price lows are pending.

Bitcoin (BTC) closed a weekly candle below its 200-period exponential moving average (EMA) for the first time since October 2023. The weekly close ended a technical uptrend that lasted for 882 days.

Critical Bitcoin weekly trend breaks for first time in 2+ years: Is BTC done?

The shift in trend renews focus on BTC’s onchain cost-basis levels and its historical interaction with the key moving average across previous cycles, framing a broader recovery timeline based on past market behavior.

The 200-week EMA tracks Bitcoin’s long-term trend and has historically separated expansion phases from the deeper corrective periods. On the weekly chart, BTC closed below the average near $67,628, ending a support streak that began in late 2023.

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Bitcoin Price(BTC)

$64,880

$64,880$64,880

-1.20%

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