Bitcoin, Ethereum, XRP, Dogecoin Struggle In Weak Market: 'I Don't Think That The Cycle Is Over,' Trader Says

Cryptocurrency markets are struggling on Thursday as the market-wide downturn continues.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$83,057.97	-0.2%
Ethereum (CRYPTO: ETH)	$2,268.27	-1.2%
Solana (CRYPTO: SOL)	$134.86	+2.7%
XRP (CRYPTO: XRP)	$2.15	-1.3%
Dogecoin (CRYPTO: DOGE)	$0.2030	+2.3%
Shiba Inu (CRYPTO: SHIB)	$0.00001430	+2.3%

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 6.6% and daily active addresses falling by 0.7%. Transactions greater than $100,000 are down from 15,415 to 13,305 in a single day. Exchanges netflows are down by 137.5%.
• Coinglass data reports 131,251 traders were liquidated in the past 24 hours for $404.95 million.

Notable Developments:

• MARA Holdings Surges On Record Q4 Revenues, Analysts Weigh In
• Trump Tariff Tsunami Threatens To Wash Away Bitcoin Bull Market, Commentator Warns
• TRUMP Coin Prompts House Democrats To Introduce MEME Act
• SEC Closes Investigation Against Crypto Exchange Gemini, Says Cameron Winklevoss: ‘Another Milestone To The End Of The War On Crypto’ (UPDATED)

Top Losers:

Cryptocurrency	Price	Gains +/-
DeXe (CRYPTO: DEXE)	$18.05	-9.4%
Story (CRYPTO: IP)	$5.96	-9.3%
Celestia (CRYPTO: TIA)	$3.63	-6.6%

Trader Notes: Despite Bitcoin continuing to move lower, crypto chart analyst Ali Martinez says the crypto king is ready for a rebound. He cites an oversold RSI a buy signal on the TD Sequential indicator as evidence.

#Bitcoin $BTC looks ready for a rebound as the RSI enters oversold territory and the TD Sequential flashes a buy signal on the daily chart! pic.twitter.com/Fqx9BLBlNc

— Ali (@ali_charts) February 27, 2025

Crypto trader Kevin said that Bitcoin is back at $84,500 after three months, but sentiment has flipped RSI dropped from 85 to 25, and the Fear & Greed Index fell from 83 to 20.

Crypto trader Michael van de Poppe stated that the cycle is not over—it's just beginning. Bitcoin hasn't reached euphoria yet, and he expects it to surpass $200,000-$250,000 this cycle.

More Crypto Online sees Bitcoin testing support at $83,219. If it holds, a (C)-wave rally into resistance for circle wave 4 is expected.

$BTC: The price is currently testing wave (B)/(2) support. As long as the price holds above $83,219, I expect at least a (C)-wave rally into resistance for circle wave 4.#Bitcoin pic.twitter.com/Xih4KIlg12

— More Crypto Online (@Morecryptoonl) February 27, 2025

Read Next: 

• Bitcoin Drops Below $85,000: What Does Technical Analysis Say?

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