Bitcoin trades around $68,000, shows resilience despite new US tariff developments

In the past 24 hours, Bitcoin and Ethereum have been up 0.12% and 0.42%, respectively. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, Cardano, and Hyperliquid gained over 3%. The global crypto market capitalisation went up 0.31% to $2.33 trillion, according to CoinMarketCap.

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Nischal Shetty, Founder, WazirX, said price action suggests growing buyer confidence, with RSI trending toward recovery levels and momentum building toward a potential breakout above immediate resistance.

Although some Moving Averages (MA) remain neutral, improving sentiment points to strengthening structure. Ethereum is holding firm around $1,960, consolidating constructively as MACD flattens and momentum stabilises, positioning for a possible upside move, Shetty further said.

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In the past week, Bitcoin and Ethereum edged down 1.31% and 4.27%, respectively. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, and Cardano gained over 3%, and Hyperliquid slipped 3.25%.

Riya Sehgal, Research Analyst, Delta Exchange, said Bitcoin is currently trading near $68,000, attempting to break through resistance at $68,000–$68,500. On the hourly chart, price has bounced from the $65,500–$66,000 support zone but remains under key moving averages.

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Shetty added that a break below the February 12 low could lead to a larger pullback toward $62,000–$64,000. Ethereum shows a similar setup, consolidating near $1,967 with support around $1,960 and resistance at $1,991–$2,000. Sustained strength above $2,000 could signal a short-term trend reversal.

Since Oct. 10, roughly $8.5 billion has flowed out of US-listed spot Bitcoin exchange-traded funds. Bitcoin has fallen more than 40% even as stocks and precious metals have found buyers, as reported by Bloomberg.