\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tIs BTC yet to feel real pain during this market cycle?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
After a solid multi-day run, the primary cryptocurrency lost momentum again, dipping below $70,000.<\/p>\n
Numerous analysts caution that the bears still control the market, expecting much more substantial price declines in the near future.<\/p>\n
The recent FOMC meeting, and especially Chairman Jerome Powell\u2019s subsequent speech, poured cold water on BTC, which earlier this week touched<\/a> $76,000 for the first time since the beginning of February.<\/p>\n Recall that America\u2019s central bank kept<\/a> interest rates unchanged for the second consecutive time this year, whereas Powell said<\/a> the stubborn inflation remains an issue for the local economy. He also outlined the military conflict in Iran, describing the rising price of petrol as another hurdle.<\/p>\n His comments were unfavorable to the cryptocurrency market, whose total capitalization once again slipped below $2.5 trillion. As for Bitcoin, its valuation temporarily fell to as low as $69,500 and currently struggles to remain above that line.<\/p>\n Several analysts have weighed in on BTC\u2019s performance, noting similarities between its recent price action and past cycles. X user Ted pointed out<\/a> that the current structure closely mirrors the pattern seen in 2022, which ultimately led to a drop to around $16,000. If that historical parallel plays out again, he warned that the price could slip under $50K in the near term.<\/p>\n The analyst who goes by as bee on the social media platform outlined an analogous thesis. They suggested<\/a> that BTC\u2019s resurgence to nearly $76,000 has been a \u201cfakeout\u201d and bull trap, claiming that \u201cwe are still in a bear market\u201d and the valuation could plummet to as low as $46,760 in the coming months. Leshka.eth joined the pessimists\u2019 club, predicting<\/a> a pullback to almost $53,000 sometime this summer.<\/p>\n However, it\u2019s not all doom and gloom, as some key indicators signal BTC may experience another significant revival soon. For instance, whales snapped up<\/a> 40,000 units in a matter of a single week, potentially positioning themselves for the next leg up. At the same time, spot Bitcoin ETFs have seen strong inflows, suggesting growing institutional demand.<\/p>\n The amount of coins sitting on crypto exchanges should also be mentioned. The figure has been gradually decreasing lately, and earlier today (March 19) dropped to a new six-year low of approximately 2.723 million. This means that many investors continue to abandon centralized platforms and move their holdings to self-custody, thereby reducing immediate selling pressure.<\/p>\n Meanwhile, some analysts, such as Ali Martinez, expect a significant price boom based on the formation of certain setups. Just a few days ago, he noted<\/a> that BTC\u2019s funding rates have turned negative, and in the past, that has always been a precursor of a \u201cmajor relief rally.\u201d Martinez reminded that in August 2023, such a development was followed by a whopping 176% price increase for BTC.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nYou may also like:<\/h3>\n
The Bullish Case<\/h2>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a>BTC Exchange Reserve, Source: CryptoQuant<\/figcaption><\/figure>\nMeanwhile, some analysts, such as Ali Martinez, expect a significant price boom based on the formation of certain setups. Just a few days ago, he noted<\/a> that BTC\u2019s funding rates have turned negative, and in the past, that has always been a precursor of a \u201cmajor relief rally.\u201d Martinez reminded that in August 2023, such a development was followed by a whopping 176% price increase for BTC.<\/p>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Is BTC yet to feel real pain during this market cycle? After a solid multi-day run, the…\n","protected":false},"author":2,"featured_media":41968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-42280","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42280"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/41968"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/03\/BTC-Exchange-Reserve-1.png\"){kind=link}