Bitcoin $BTC$68,042.65 is firmly in the deepest phase of the bear market and the pain may worsen, according to CK Zheng, founder of crypto investment firm ZX Squared Capital. “Bitcoin’s price is convincingly in deep bear market territory now. We expect a further 30% price drop during 2026 as the Iran war started,” Zheng told
Bitcoin’s latest rebound to $74,050 on Thursday is running into immediate selling pressure as short-term holders move coins to exchanges in large volumes, suggesting the market’s most reactive cohort remains unconvinced by the recovery. On-chain data shared by CryptoQuant contributors indicates that traders who bought Bitcoin only weeks ago are now locking in gains rather
Bitcoin is testing the $70,000 level after briefly surging toward $74,000, as the market attempts to stabilize following a volatile period marked by geopolitical uncertainty and rapid price swings. While the recent rally helped restore short-term momentum, analysts are closely monitoring on-chain data to determine whether the move reflects a broader shift in market structure
Story Highlights $BTC has failed the $70k resistance due to systemic macroeconomic shocks. Heightened sell pressure among STH, and technical indicators indicate entrance into bear momentum. Upcoming fed news will determine future market movements. Following a three-day streak above $70K, Bitcoin ($BTC) has fallen below this resistance level, trading at $68,131 (down 3.96% in 24)
The Bitcoin price attempts a $74,000 breakout amid renewed ETF inflow and channel pattern formation. Bloomberg analyst Eric Balchunas suggests that the recent surge in Bitcoin is potentially driven more by resolved allegations of Jane Street’s market manipulation than by geopolitical tension, including Iran. The daily RSI (Relative Strength Index) slope at 52% indicates a
Bitcoin’s recent break above $70,000 is leading to questions of whether this is the start of a new impulsive leg higher or just another stop in a longer bottoming process. Crypto analyst CrypFlow, posting on X, laid out a technical case for why Bitcoin may be in the early stages of forming a major cycle
Bitcoin Price Analysis: The $70,000 Battleground The $Bitcoin price is currently navigating a period of heightened volatility, trading at approximately $70,559 as of March 6, 2026. After a significant rally earlier this week that saw the premier cryptocurrency touch the $74,500 mark, a cooling-off period has settled in. This retracement is largely driven by a
Bitcoin is moving into a key resistance zone just as two separate charts point to growing pressure near the same levels. While whale order data shows heavy sell walls between $74,000 and $75,000, a broader technical model also places Bitcoin at its first major resistance near $74,400. Bitcoin Whale Orders Show Sell Walls Near $75K
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Bitcoin briefly pushed toward $74,000 this week, buoyed by a string of bullish developments that have tied the crypto industry ever closer to traditional finance. Some market observers began calling this a bullish rally, with one analyst even saying that the new run ‘has legs.’ Yet the rally didn’t last. By the end of the