The worst may lie ahead. BTC price chart revisits historic pattern: Crypto Daybook Americas
A historic bearish pattern on Bitcoin's three-day chart, seen before previous major crashes, has reappeared, signaling potential downside risk.Summary
The article, a 'Crypto Daybook Americas' briefing for February 27, 2026, warns that a bearish technical pattern on Bitcoin's three-day price chart has resurfaced. This specific pattern, where long-term moving averages cross bearishly, preceded the deepest phases of the 2014, 2018, and 2022 bear markets, leading to significant price crashes in those instances. Although past performance is not a guarantee, this historical precedent suggests caution, with some traders preparing for a potential drop below $60,000.
Despite the technical warning, Bitcoin recently traded near $66,100, and U.S. spot Bitcoin ETFs saw over $1 billion in inflows over three days, which an analyst suggested signals absorption rather than mere speculation. Long-term holders are reportedly accumulating during the pullback. However, sustained ETF flows are deemed necessary for a lasting upward move.
The briefing also covered market movements, noting slight declines in BTC and other major tokens, alongside scheduled macroeconomic data releases (U.S. PPI, Canada GDP) and token events, while traditional markets showed mixed results amid geopolitical uncertainty involving oil prices and U.S.-Iran tensions.
(Source：CoinDesk)