Bitcoin's February Decline Continues Amid Market Correlation

Bitcoin saw a significant decline of approximately 15% in February 2026, marking the continuation of a five-month downtrend. According to NS3.AI, this trend is closely linked with the performance of U.S. equities. Despite the presence of bearish technical patterns and traditionally weak seasonal expectations, there are signs of potential stabilization. Long-term seller exhaustion and accumulation by large holders near the 20-day moving average indicate possible support. In March, key levels to monitor include support around $62,300 and resistance at $79,000. These levels will be crucial in determining whether Bitcoin will break the current bear flag pattern or experience a rebound.