February 28, 2026. Bitcoin is a bloodbath. Trading at $63668.33, the market's favorite digital asset took a real punch today, dropping over 3% in a single session. This isn't just a dip; this is a clear warning sign, amplified by a "Strong Sell" signal with high confidence across the board.
Anyone looking at Bitcoin price today needs to wake up and smell the coffee. The overall signal score hit a brutal -78.4. That kind of number doesn't happen by accident, it tells you what the market machines using data from a solid crypto API like the FCS API are screaming.
The Crushing Weight of Moving Averages
If you still held onto hopes for a quick bounce, those moving averages should obliterate them. Every major average is way up high, far from the current action, acting like concrete ceilings. The EMA 100 sits at $82967.8, the SMA 200 at an insane $97358.91, and the SMA 100 is barely better at $83712.86.
Every single one of them, without exception, shouts "Strong Sell." This isn't just about today's price; it's about the broader trend, which, while officially labeled "Strong," is unmistakably strong in the wrong direction for the bulls.
It's a textbook bearish setup when the price is so far below these long-term indicators. You don't just "buy the dip" when the entire long-term structure is crumbling around you. That's how you catch a falling knife, and trust me, I've got a few scars from trying that trick before.
Breached Support and the Next Targets
Today wasn't just about a percentage drop; it was about breaking critical levels. The price of $63668.33 didn't just fall; it crashed right through pivotal support. Look at the Demark pivot points: P was $65990.28, and S1 was $63775.48. We're currently trading below that S1. The Fibonacci levels tell the exact same story: P at $66339.72 and S1 at $65093.2. Again, we're comfortably below it.
When you break support like this, especially key S1 levels from multiple models, it opens the door to much lower prices. The 1W performance is down a gut-wrenching 6.40027%, just piling on the misery. This isn't healthy price action by any stretch.
The next logical target for Bitcoin is now the 1-month low, sitting at $59977.59. If that level gives way, then it's a whole new ball game, and not a fun one. We’ve been here before, clinging to those last lines in the sand. Often, they don’t hold. For more insights on this kind of market, check out the Blog.
What About the "Buy" Signals? Don't Get Fooled.
Okay, I see it. The RSI is flashing "Buy" at 34.7822. And the "Price Action" indicator, strangely, says "Bullish." Conflicting, right? Not really, not if you've seen enough cycles. An RSI buy signal in a strong downtrend usually just means it's oversold, not that it's about to reverse. It just means it's cheap, not that it can't get cheaper.
And "Price Action: Bullish" while everything else screams apocalypse? That's usually short-term noise. A tiny dead cat bounce that gets wiped out by the larger trend. The Stochastic K% at 37.1719, meanwhile, is firmly on the "Sell" side. So even in the short term, the picture isn't clear-cut bullish.
My advice? Don't listen to the siren song of a single indicator when the full orchestra is playing a funeral dirge. The high confidence "Strong Sell" signal, combined with breached support and horrendous moving averages, paints a very clear picture. You can even check out Pricing if you want to get your own real-time data and see what I'm talking about.
I'd be sitting on my hands, or even trimming positions. This Bitcoin forecast for 2026 isn't looking pretty right now, and I wouldn't touch it until the technicals show some genuine strength, not just oversold blips.
