Bitrue analysts predict bitcoin’s fall to $ 47,000

On Tuesday, February 24, bitcoin BTC $64,770.84 Mezo Wrapped BTC 3.73% Market capitalization $36.37 million VOL. 24 hours $1.36 billion updated its local low at $ 62,800, down almost 5% overnight. Later, the rate partially recovered to $ 63,200, but the market remained under pressure. Ethereum ETH $1,911.58 Bridged Ether (StarkGate) 5.06% Market capitalization $43.99 million VOL. 24 hours $0.82 billion fell by 4.8% to $ 1800, and the capitalization of the entire digital asset sector fell by 4% to $ 2.2 trillion. The market sentiment indicator dropped to the level of «extreme fear.»

Analysts attribute the drop to geopolitical factors and macroeconomic uncertainty. In particular, the news of the US tariff hike is having a negative impact, increasing investors' risk aversion. According to Presto Research’s Ming Zhong, cryptocurrencies are currently showing a deeper decline than other risky assets, indicating weak demand, low liquidity, and reduced leverage.

Andri Fauzan Ajima, head of research at Bitrue, called the range of $ 60,000−63,000 a critical support zone for bitcoin. If the price stays above this level, the market may get a boost from the liquidation of short positions. At the same time, a breakout of the $ 60,000 level will open the way to a drop to the $ 50,000−55,000 or even $ 47,000 area.

ETF data confirms the market’s weakness: spot bitcoin funds have recorded the fifth consecutive week of outflows, the longest since the spring of 2025. This points to deleveraging as the main factor behind the current selloff. Cascading long liquidations, negative funding rates, and falling open interest confirm the trend.

Nevertheless, experts note that the massive capitulation of long-term investors has not yet occurred. Online signals indicate a quiet accumulation of assets, while short-term holders are suffering losses. The market is in a phase of tactical risk reduction, and its further movement will depend on macro factors and renewed interest in ETFs.