Bitcoin fails to beat resistance as $40K stays out of reach into weekly close
A dark week looms for macro markets while the weekend succeeds in providing some respite for crypto traders. Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making several attempts to break out of the $30,000-$40,000 corridor Sunday, all of which ended in rejection.
The pair had stayed broadly higher throughout the weekend, cutting traders some slack after a week of volatility at the hands of geopolitics and media headlines. Now, $38,500 was the level to watch for Bitcoin to close out the week and the month — failure to do so would mean a fourth straight monthly red candle. As Cointelegraph reported, bulls were spared a lower low last week, bottoming out at $34,300 versus $32,800 in January.
"Cautiously optimistic this is a short to mid-term bottom for BTC," popular trader and analyst Pentoshi continued. "I pulled my 40.3k orders (not great) and will focus higher to 41.6k for de-risking. Must flip that and there's some pretty decent upside. I am still cautious bc the macro landscape imo is anything but bullish."
Weekend stays "boring" for crypto
For crypto markets overall, however, there were few opportunities as sentiment remained very much in "wait and see" mode. Out of the top ten cryptocurrencies by market cap, none managed noticeable moves up or down over the past 24 hours.
ETH/USD traded at near $2,800, with weekly gains nonetheless approaching 6%. "Pretty boring market movements during the weekend and that’s not weird," Cointelegraph contributor Michaël van de Poppe summarized.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 72.8% | 51 | $27 686.50 | -1.54% | 12.26% | $535 055 944 515 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82% | 34 | $1 753.83 | -2.24% | 5.65% | $214 622 976 485 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.002131 | 0.08% | -0.07% | $77 601 370 004 |  |
|
| 4 |  BNB |
Binance Coin predictions | 77.2% | 47 | $324.49 | -3.72% | 0.92% | $51 234 239 201 |  |
|
| 5 |  USDC |
USD Coin predictions | 90.4% | 2 | $0.999458 | 0.08% | -0.04% | $34 703 015 524 |  |
|
| 6 |  XRP |
XRP predictions | 87.2% | 17 | $0.451417 | -1.31% | 23.74% | $23 000 119 507 |  |
|
| 7 |  HEX |
HEX predictions | 62.4% | 82 | $0.123358 | 18.48% | 52.30% | $21 391 630 916 |  |
|
| 8 |  ADA |
Cardano predictions | 73.6% | 46 | $0.369965 | -1.76% | 12.89% | $12 844 876 045 |  |
|
| 9 |  STETH |
Lido stETH predictions | 94.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 68.8% | 57 | $0.075005 | -1.31% | 6.24% | $9 950 971 303 |  |
|
| 11 |  MATIC |
Polygon predictions | 71.2% | 51 | $1.12 | -1.91% | -0.94% | $9 797 674 979 |  |
|
| 12 |  SOL |
Solana predictions | 70.4% | 54 | $21.69 | -3.00% | 10.97% | $8 322 389 970 |  |
|
| 13 |  BUSD |
Binance USD predictions | 94.4% | 1 | $0.999370 | -0.05% | -0.07% | $8 058 942 746 |  |
|
| 14 |  DOT |
Polkadot predictions | 74% | 51 | $6.17 | -2.34% | 2.98% | $7 212 834 820 |  |
|
| 15 |  LTC |
Litecoin predictions | 68.4% | 58 | $87.92 | 8.34% | 11.30% | $6 377 673 020 |  |
