Though bitcoin has already dumped by over 50% from its all-time excessive of over $126,000 marked in October to a multi-year low of $60,000, the asset’s troubles won’t be over, warned Merlijn The Dealer.
The favored analyst indicated that the “most harmful bitcoin sample simply accomplished part one,” and BTC could possibly be on its method to $26,000.
One other 60% Crash within the Making?
Merlijn believes step one on this ‘harmful sample’ got here after the completion of the bull lure at $105,000. The failure to proceed upward signifies that the market maker’s bearish mode was activated, and if this performs out, the cryptocurrency could possibly be on its method to one other large 60+% crash to $26,000.
If such a doomsday state of affairs certainly takes place, bitcoin would dump to its lowest price ticket since September 2023. That means, it has not traded at these ranges in virtually three years.
The analyst defined that the $70,000 assist is “the final line of protection.” If BTC holds it, then the bearish state of affairs fails. Nevertheless, if it loses it, then the $26,000 drops comes into play. What’s significantly worrying for bitcoin is that it dipped beneath that stage earlier at this time and has didn’t recuperate it. The weekly closing candle is simply hours away.
THE MOST DANGEROUS BITCOIN PATTERN JUST COMPLETED PHASE ONE.
Bull Lure at $105K: executed.
Market Maker bearish mannequin: activating.If this performs out: $26K earlier than new ATH.
$70K is the final line of protection.
Maintain it: bearish state of affairs fails.
Lose it: mannequin executes. $26K subsequent cease.… pic.twitter.com/wMyWVx3U0C— Merlijn The Dealer (@MerlijnTrader) March 22, 2026
Or, A New Bull Part?
Merlijn’s put up reads {that a} drop to $26,000 may open the trail to a brand new bull run and a recent all-time excessive. In distinction, Ali Martinez was extra bullish on the asset’s future value efficiency. Trying on the Inter-Trade Move Puls (IFP), the analyst with roughly 165,000 followers on X famous that the metric has “formally began rising once more.”
It tracks the depth of bitcoin transfers between centralized exchanges and, Martinez added, has simply flashed a serious purchase sign. It is because a rising IFP confirms “energetic liquidity redistribution,” which has traditionally acted because the “heartbeat of each main market growth.”
Bitcoin $BTC could possibly be getting into a brand new bull market!
The Inter-Trade Move Pulse (IFP) has formally began rising once more. This metric tracks the depth of BTC transfers between centralized exchanges—and it simply flashed a serious purchase sign.
• The Sign: A rising IFP… pic.twitter.com/LjsyiBr6DW
— Ali Charts (@alicharts) March 21, 2026
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