BTC Rallies To $67,794 Despite Worst 50-Day Start On Record

• Bitcoin rallies 0.69% to $67,794 but remains down 23% year-to-date, marking worst 50-day start on record.
• First ever back-to-back January-February declines in Bitcoin history as price tests Fibonacci resistance.
• Eric Trump says he’s “never held stronger conviction” Bitcoin reaches $1M despite 47% drop from October highs.

Bitcoin price today trades near $67,794, up 0.69% in the past 4 hours as the token attempts to recover from what CheckonChain data confirms is the worst 50-day start to a year on record. The move comes as Eric Trump told CNBC he has never held stronger conviction that Bitcoin will reach $1 million, despite BTC trading 47% below October highs.

Bitcoin Logs Worst 50-Day Start On Record

According to CheckonChain data, Bitcoin is down 23% through the first 50 days of 2026, marking its weakest start to a financial year on record. The asset fell 10% in January and a further 15% in February, creating the first ever consecutive declines in those two months in Bitcoin’s history.

Bitcoin has never previously recorded back-to-back declines in January and February, according to Coinglass data. While there have been double-digit drops in January during years like 2015, 2016, and 2018, each was followed by a positive February. If losses hold, Bitcoin is also on track for its weakest consecutive monthly performance since 2022.

CheckonChain data shows that in a typical down year, the average index reading is 0.84 fifty days in, a benchmark traders use to gauge cyclical drawdowns. Bitcoin currently sits at 0.77, underscoring the scale of the drawdown. The weakness follows a 17% decline in 2025, a post-election year that historically has tended to outperform election years, making the recent underperformance stand out further.

Eric Trump Predicts $1 Million Bitcoin Despite 47% Drop

Speaking at a crypto forum hosted by World Liberty Financial at Mar-a-Lago on Wednesday, Eric Trump said he has never held a stronger conviction that Bitcoin will eventually reach $1 million. The remarks came as Bitcoin traded just under $67,000, more than 47% below the all-time high it set in October 2025.

Trump framed the current price level not as a warning sign but as an entry point relative to where he believes the asset is headed. He pointed to a decade of Bitcoin price history to support his case, telling CNBC that the asset has averaged roughly 70% annual gains over that period. He challenged viewers to identify any other asset class with a comparable track record.

Volatility, Trump said, is the price investors pay for exposure to an asset with significant upside potential. He acknowledged that Bitcoin swings are sharper than those of traditional assets but said that dynamic is inseparable from the return profile that makes Bitcoin attractive. His comments did not include a specific timeline for the $1 million target.

Price Tests Fibonacci Resistance Cluster

The 4-hour chart shows Bitcoin testing a critical Fibonacci resistance cluster between $69,217 (0.382 level) and $72,111 (0.5 level). The 20-day EMA sits at $67,378, the 50-day at $68,164, the 100-day at $70,594, and the 200-day at $75,622. Supertrend remains bearish at $69,227, confirming sellers retain control despite the bounce.

The chart shows:

• Price testing 0.382 Fibonacci level at $69,217
• Supertrend bearish at $69,227, capping recovery attempts
• Descending trendline from October still intact
• $59,846 Fibonacci 0 level as ultimate support

Bitcoin dropped from above $126,000 in October to $59,846 in early February, marking a 52% correction. The current bounce to $67,794 represents a 13% recovery from those lows, but the structure remains corrective. Multiple Fibonacci levels stack overhead between $69,217 and $79,127, creating significant resistance.

A 4-hour close above $69,217 would reclaim the 0.382 Fibonacci level and place $72,111 back in range. Breaking above the Supertrend at $69,227 would signal the first major shift in momentum. Until that happens, each bounce represents a relief rally inside a broader corrective phase.

Outlook: Will Bitcoin Go Up?

The next move depends on whether BTC can hold $67,378 and break above the Fibonacci cluster near $69,217.

• Bullish case: A close above $69,217 with volume would break Fibonacci resistance and place $72,111 in range. Reclaiming $75,622 validates Eric Trump’s long-term $1M thesis and confirms trend reversal.
• Bearish case: Rejection at $69,217 and a breakdown below $67,378 exposes $65,635, with further downside toward $59,846 if the worst 50-day start extends into March. Losing $65,635 confirms deeper correction.