CryptoMediumUpdated×2•Originally published 24 February 2026•Updated 24 February 2026•
1 min read
Bitcoin Hits Two-Week Low Following Sharp Sunday Decline
Key Facts
1Bitcoin failed to maintain the $65,650 support level at the weekly close.
2Technical indicators on daily charts have turned bearish.
3The $60,000 level is seen as the next major test, with a potential slide to $53,000 if the $57,800 support fails.
Bitcoin hit a fresh two-week low of $64,152 following a sharp price drop on Sunday. The decline began after the cryptocurrency recorded a weekly close of $67,638, marking a significant shift in momentum toward the downside. Analysts are now warning of a potential "bearish acceleration" that could trigger a deeper market correction and significant sell-offs. Market focus remains on the $60,000 psychological floor, with a breach likely leading to the $57,800 support zone. If selling pressure persists, technical projections suggest a further slide toward the $53,000 mark. This downward trend continues to weigh heavily on investor sentiment and spot Bitcoin ETFs such as IBIT and FBTC.