Why did Bitcoin USD drop below $64,000 on February 24, 2026?

Bitcoin USD fell due to a major mining company selling its entire reserve and technical breakdown below the 200-week moving average. Macro headwinds including AI market concerns and geopolitical tensions also pressured the cryptocurrency lower.

What is the fair value gap for Bitcoin USD?

Technical analysts identified a fair value gap around $45,000, created when price moved quickly out of range. This inefficiency typically gets filled before a meaningful bottom forms in Bitcoin USD's price action.

Is Bitcoin USD oversold based on technical indicators?

Yes, the RSI at 30.39 indicates oversold conditions for Bitcoin USD. However, oversold readings don't guarantee immediate recovery—price often extends further before reversal signals emerge.

What support levels matter for Bitcoin USD right now?

The $62,534.61 day low is immediate support, followed by the $54,426.81 monthly forecast level. The $45,000 fair value gap represents the next major support zone if Bitcoin USD continues declining.

Could Bitcoin USD recover to $98,000 this year?

The yearly forecast of $98,201.37 is possible but requires Bitcoin USD to stabilize, break above $70,000, and reclaim the 50-day moving average. This scenario assumes capitulation completes and institutional buying resumes.

What does the MACD signal for Bitcoin USD?

The MACD histogram at 24.49 with signal line at -5458.68 shows bearish momentum for Bitcoin USD. The fast line remains below the signal line, confirming downtrend continuation.

How strong is the current downtrend in Bitcoin USD?

The ADX at 51.17 indicates a very strong downtrend for Bitcoin USD. Values above 25 confirm trend strength, and readings above 50 show exceptional conviction behind the selling pressure.

Crypto Insights

Bitcoin USD Breaks Below $64K—Fair Value Gap Points to $45K Target

ByHuzaifa Zahoor February 25, 2026February 25, 2026

Bitcoin USD is testing critical support levels as major mining companies liquidate holdings. The cryptocurrency fell below $64,000 on February 24, 2026, marking a significant technical breakdown. BTCUSD has declined 0.62% in the last 24 hours, with traders now eyeing deeper price targets. Market data shows a fair value gap forming around $45,000, suggesting further downside pressure. Understanding why Bitcoin USD is breaking support levels helps clarify the current market structure and what comes next.