Bitcoin USD (BTCUSD) is trading at $66,080.61 as of March 1, 2026, down 2.77% in the last 24 hours. The world’s largest cryptocurrency faces mounting selling pressure, with the monthly forecast suggesting a potential move toward $54,426. Market data reveals a strong downtrend with an ADX reading of 48.25, indicating powerful directional momentum. Understanding the technical setup and price targets helps traders assess where BTCUSD might find support or resistance in the coming weeks.

Bitcoin USD Technical Analysis

BTCUSD shows clear bearish signals across multiple indicators. The RSI sits at 36.05, suggesting selling pressure remains elevated but not yet at extreme oversold levels. The MACD histogram stands at 536.90 with the signal…