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\n\t\t\t\t\t\t\t\t\tA popular analyst outlined the most significant support level that could prevent such a massive drop. And, BTC is currently below it.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Although bitcoin has already dumped by over 50% from its all-time high of over $126,000 marked in October to a multi-year low of $60,000, the asset\u2019s troubles might not be over, warned Merlijn The Trader.<\/p>\n
The popular analyst indicated that the \u201cmost dangerous bitcoin pattern just completed phase one,\u201d and BTC could be on its way to $26,000.<\/p>\n
Merlijn believes the first step in this \u2018dangerous pattern\u2019 came after the completion of the bull trap at $105,000. The failure to continue upward means that the market maker\u2019s bearish mode was activated, and if this plays out, the cryptocurrency could be on its way to another massive 60+% crash to $26,000.<\/p>\n
If such a doomsday scenario indeed takes place, bitcoin would dump to its lowest price tag since September 2023. Meaning, it has not traded at those levels in almost three years.<\/p>\n
The analyst explained that the $70,000 support is \u201cthe last line of defense.\u201d If BTC holds it, then the bearish scenario fails. However, if it loses it, then the $26,000 drop comes into play. What\u2019s particularly worrying for bitcoin is that it dipped<\/a> below that level earlier today and has failed to recover it. The weekly closing candle is just hours away.<\/p>\n THE MOST DANGEROUS BITCOIN PATTERN JUST COMPLETED PHASE ONE.<\/p>\n Bull Trap at $105K: done. If this plays out: $26K before new ATH.<\/p>\n $70K is the last line of defense.<\/p>\n Hold it: bearish scenario fails. \u2014 Merlijn The Trader (@MerlijnTrader) March 22, 2026<\/a><\/p>\n<\/blockquote>\n Merlijn\u2019s post reads that a drop to $26,000 could open the path to a new bull run and a fresh all-time high. In contrast, Ali Martinez was more bullish on the asset\u2019s future price performance. Looking at the Inter-Exchange Flow Puls (IFP), the analyst with roughly 165,000 followers on X noted that the metric has \u201cofficially started rising again.\u201d<\/p>\n It tracks the intensity of bitcoin transfers between centralized exchanges and, Martinez added, has just flashed a major buy signal. This is because a rising IFP confirms \u201cactive liquidity redistribution,\u201d which has historically acted as the \u201cheartbeat of every major market expansion.\u201d<\/p>\n Bitcoin $BTC<\/a> could be entering a new bull market!<\/p>\n The Inter-Exchange Flow Pulse (IFP) has officially started rising again. This metric tracks the intensity of BTC transfers between centralized exchanges\u2014and it just flashed a major buy signal.<\/p>\n \u2022 The Signal: A rising IFP\u2026 pic.twitter.com\/LjsyiBr6DW<\/a><\/p>\n \u2014 Ali Charts (@alicharts) March 21, 2026<\/a><\/p>\n<\/blockquote>\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>\n <\/p><\/div>\n\n
Market Maker bearish model: activating.<\/p>\n
Lose it: model executes. $26K next stop.\u2026 pic.twitter.com\/wMyWVx3U0C<\/a><\/p>\nOr, A New Bull Phase?<\/h2>\n
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