Why is Bitcoin USD dropping today?

Bitcoin USD declined 2.77% on February 27, 2026, due to strong downtrend momentum confirmed by ADX at 48.25 and negative MACD signals. Broader market deleveraging and profit-taking from higher levels contributed to selling pressure in Bitcoin USD.

What is the Bitcoin USD support level?

Primary support for Bitcoin USD sits at $61,045.37, marked by the lower Bollinger Band. Secondary support exists near the 200-day moving average at $97,898.22. Breaking below $61,045 could accelerate Bitcoin USD losses.

Is Bitcoin USD oversold?

Yes, Bitcoin USD RSI at 36.05 indicates oversold conditions, historically a level where selling pressure eases. However, the strong ADX trend suggests Bitcoin USD may test lower support before any meaningful reversal occurs.

What is the Bitcoin USD price forecast?

Monthly forecast targets $54,426.81 for Bitcoin USD, while quarterly forecast projects $122,324.02 and yearly forecast shows $98,201.37. These forecasts may change due to market conditions or unexpected events.

What is Bitcoin USD market cap?

Bitcoin USD market cap stands at $1.31 trillion as of February 27, 2026, demonstrating substantial liquidity despite recent price declines and maintaining Bitcoin USD's position as the largest cryptocurrency.

Crypto Insights

Bitcoin USD Retreats 2.77% Daily—Can BTCUSD Hold Above $61K Support?

ByDanny Kontos February 28, 2026February 28, 2026

Bitcoin USD faces mounting pressure as BTCUSD retreats 2.77% in daily trading on February 27, 2026. The cryptocurrency trades at $65,325.69, down from its $67,490.51 open, testing critical support levels amid broader market volatility. Bitcoin USD technical indicators reveal oversold conditions with RSI at 36, suggesting selling pressure may be easing. Market data shows volume remains elevated at 673.6 million, while the 50-day moving average sits at $79,176.53. Understanding where Bitcoin USD finds its next support level is crucial for traders monitoring this major crypto asset.