Bitcoin tried and failed at $76,000 final week and $72,000 a couple of days in the past. It was rejected in its tracks at each makes an attempt, and the Friday correction pushed it south to a four-week low of $65,500.
Though it has recovered some floor since then and at present trades above $66,000, most analysts on X imagine the asset isn’t out of the woods but and predict at the very least yet another leg down.
Not Trying Nice
Michaël van de Poppe was among the many first to stipulate BTC’s fragile state, stating that “Bitcoin isn’t wanting nice.” In a latest put up on X, MN Fund’s founder stated the cryptocurrency is following a well-known sample and can possible “grasp right here for a bit, earlier than persevering with to comb the lows additional down the road.”
He famous that the $60,000 assist will come into focus, which might be his very best space for opening lengthy positions. Curiously, one other analyst, Jelle, lately famous that he would begin shopping for BTC if it drops even additional south, to round $50,000.
Van de Poppe, although, asserted that his idea will probably be invalidated if BTC rebounds decisively and breaks previous $71,000, which is able to “clearly” change the attitude.
#Bitcoin isn’t wanting nice.
The identical process as through the earlier consolidation. It can possible grasp right here for a bit, earlier than persevering with to comb the lows additional down the road.
If that occurs, a sweep of $60K is the best space for longs on this one.
Now, what goes… pic.twitter.com/BvCVPmY648
— Michaël van de Poppe (@CryptoMichNL) March 28, 2026
CryptoQuant additionally wrote about bitcoin’s potential backside throughout this cycle lately, and concluded that “it’s nonetheless too early” to find out BTC has reached it. The analysts defined that “structural alerts” that might solidify a conclusive transition from a medium- to long-term downtrend into an uptrend have but to obviously emerge.
Altcoin Sherpa’s opinion aligned with van den Poppe’s, suggesting that BTC might discover some momentary reduction, however it might “take a look at the $62Ks finally.”
Touched DCA Zone
Whereas additionally weighing in on BTC’s latest value efficiency, Merlijn The Dealer indicated that bitcoin has dropped and touched the decrease boundary of the “DCA Zone.” Historical past reveals that the asset has not fallen to the decrease area of the rainbow under for a few years. And, when it has been inside it, it has bounced by 100x in 2015, by 20x in 2019, and by 5x in 2023.
If it breaks under it now, it could be the primary such occasion in historical past, Merlijn defined. Nevertheless, if it holds and rebounds, then the “enlargement part opens.”
BITCOIN JUST TOUCHED THE DCA ZONE FOR THE FOURTH TIME.
2015: inexperienced zone. Then 100x.
2019: inexperienced zone. Then 20x.
2023: inexperienced zone. Then 5x.
2026: proper now.Maintain it: enlargement part opens.
Lose it: first break in historical past.You might be in the precise zone. pic.twitter.com/9GDj35goiv
— Merlijn The Dealer (@MerlijnTrader) March 28, 2026
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