![\"Bitcoin](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/10\/bitcoin-btc-price-chart.png\")
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- Bitcoin price trades around $67,500.<\/li>\n
- The asset rose to near $70,000 but is facing key resistance.<\/li>\n
- Analyst Rekt Capital warns that it\u2019s \u201cpremature\u201d to say the current bear market is over.<\/li>\n<\/ul>\n
Bitcoin price is hovering around $67,500 after retreating from highs near $70,000.<\/p>\n
The spike to intraday highs on Wednesday saw chatter across \u2018Crypto Twitter\u2019 shift to the potential for BTC to have bottomed out and prospects of a sharp uptick.<\/p>\n
While bullish sentiment continues to permeate the crypto market, one analyst is cautioning against \u201cpremature\u201d calls of the bear market being over.<\/p>\n
This even as US spot Bitcoin ETFs take fresh inflows to cut year-to-date outflows to under $2 billion.<\/p>\n
Bitcoin retreats from $70k as analyst warns of further declines<\/h2>\n
Macroeconomic and geopolitical headwinds have meant Bitcoin has found it hard to break higher since recovering from lows near $60,000 reached in early February.<\/p>\n
However, the bellwether crypto asset surged toward $70,000 ahead of Nvidia\u2019s earnings report on Wednesday, February 25, 2026.<\/p>\n
Like gains across equities, Bitcoin\u2019s uptick benefited from anticipation around Nvidia\u2019s earnings report.<\/p>\n
But despite strong AI-driven results, stock futures stalled, and BTC pulled back, trading to around $67,500 as of writing.<\/p>\n
Nvidia shares also fell, down more than 5% at open on Thursday. Reaction to the chip giant\u2019s earnings beat impacted BTC.<\/p>\n
Despite this pullback, many traders are upbeat after US spot Bitcoin ETFs snapped a recent losing streak, with over $750 million in net inflows over two days. The flip has the market trending with mixed signals.<\/p>\n
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Half a bil into bitcoin ETFs yesterday, biggest day in a while, +$750m over past two days, right as obituaries were being published. They needed it too, like a hitter in a slump going yard. YTD is now under $2b in outflows. Unclear still tho if this is legit start to rebound or\u2026 pic.twitter.com\/hl6JQuFcyI<\/a><\/p>\n
\u2014 Eric Balchunas (@EricBalchunas) February 26, 2026<\/a><\/p>\n<\/blockquote>\n
However, according to crypto analyst Rekt Capital, it\u2019s premature to say the bear market is over.<\/p>\n
\u201cThe shortest Bitcoin Bear Market lasted 365 days. Bitcoin is currently ~140 days into its current Bear Market,\u201d he posted on X, adding:<\/p>\n
\u201cAny talk of the Bear Market being over already is probably premature.\u201d<\/p>\n
Spot ETF inflows, on-chain metrics and macro shifts could be key factors in this cycle. But Rekt believes the technical picture says a lot.<\/p>\n
In this case, the analyst points to historical cycle bottoms and BTC\u2019s slide below the 200-week exponential moving average.<\/p>\n
Even with recent inflows reversing recent outflows to a degree, institutional demand is low, and that could limit any upside.<\/p>\n
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