Coin Newsweek – February 26, 2026 – Bitcoin has staged an impressive rebound over the past 24 hours, surging nearly 5% to briefly touch the psychologically significant $70,000 level before retreating toward $68,000. The move represents a recovery of approximately 12% from the February 24 low, marking one of the strongest short-term bounces in recent weeks. However, despite this powerful price action, Bitcoin failed to establish a foothold above $70,000—a hesitation that analysts say reflects deeper structural issues limiting the sustainability of this recovery. Multiple data points now indicate that while early buy signals are emerging, market conviction remains notably weak. According to Dessislava Ianeva, Research Analyst at Nexo, Bitcoin must clear the critical $70,000 to $70,800 resistance zone for this recovery to gain credibility. Until then, the rally remains incomplete and vulnerable to reversal. Smart Money Signals Price Recovery, But Breakout Still Needs Confirmation Bitcoin's recent rebound did not occur without warning. The Smart Money Index (SMI), which tracks the trading behavior of informed institutional investors, began rising on February 24—often a precursor to str...