Bitcoin BTCUSD began giving up gains at the opening of trading on Wall Street on Thursday after bulls battled new resistance.
BTC is losing traction again
Data from TradingView showed that the price stumbled again at $67,000, extending early daily losses of 
BTCUSD provisionally totaled more than 1%.
The cryptocurrency had risen as high as $70,040 the previous day, causing buyers to launch an attack on two key price levels: 200-Week Exponential Moving Average EEMA and the previous all-time high of 2021.
Ultimately, the price failed to hold both levels, prompting trader and analyst Rekt Capital to comment that the 200-week EMA was now “acting as resistance.”
“As long as Bitcoin remains below the 200-week EMA, history suggests that the price will ultimately continue to trend lower,” he told his X followers.
Meanwhile, crypto data service TheKingfisher showed that the price lost momentum after breaking a liquidity ladder below $69,000.
Like many others, trader Jelle was in no hurry to declare a reliable trend reversal.
“Yesterday’s BTC rally drove the price straight to the previous cycle highs and then was rejected. The overall trend remains clear – be careful and take it slow,” he summarized.
Hopes “probably premature”
Rekt Capital expressed similar views, arguing that by historical standards it is not yet time for Bitcoin to emerge from its relatively recent bear market.
“The shortest Bitcoin bear market lasted 365 days. Currently, Bitcoin has been in its current bear market for about 140 days,” he added.
“Any discussion that the bear market is already over is probably premature.”
Crypto trader Roman agreed, citing the usual 80% declines in bear markets in previous cycles.
At the 15-month low reached in early February BTCUSD a maximum decline of approximately 53% from the all-time high of $126,200 in October 2025.
“One jump and suddenly everyone is saying that the bottom has been reached for BTC,” warned Roman on X.
“Don’t be fooled. Each bear cycle is down almost 80% from its peak. Not to mention, the monthly chart and weekly chart show no signs of reversal. Patience.”
