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\n\t\t\t\t\t\t\t\t\tBitcoin has had a rough weekend, erasing all gains from its previous rally, but the bottom could be in, according to analysts.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin remains firmly in the middle of its almost two-month-long sideways channel following weekend declines, during which it dumped below $66,000 briefly.<\/p>\n
\u201cMomentum remains tentative, with lower highs still defining the short-term structure,\u201d commented on-chain analytics provider Coinglass on Monday.<\/p>\n
The analysts noted that the market appears to be transitioning from \u201cactive distribution towards a more neutral footing,\u201d however, there is still \u201climited conviction\u201d at current levels.<\/p>\n
\n\u201cWhile conditions remain fragile, easing sell-side pressure and stabilising flows suggest the groundwork for a potential recovery is forming, though stronger demand is still required to confirm a sustained shift.\u201d<\/p>\n<\/blockquote>\n
\n$BTC<\/a> broke back below $70k before finding support near $65k, with a modest rebound back towards $67k into the weekend. Momentum remains tentative, with lower highs still defining the short-term structure.<\/p>\n
Read more in this week\u2019s Market Pulse\ud83d\udc47https:\/\/t.co\/2YkGjsdzkQ<\/a> pic.twitter.com\/7uLOYEYriD<\/a><\/p>\n
\u2014 glassnode (@glassnode) March 30, 2026<\/a><\/p>\n<\/blockquote>\n
Bitcoin Back in Accumulation Zone<\/h2>\n
CryptoQuant said on Monday that Bitcoin had dipped back into the accumulation zone.<\/p>\n
\n\u201cWhales are increasingly active on the Binance platform, depositing large Bitcoin batches that will potentially be sold,\u201d noted<\/a> analysts.<\/p>\n<\/blockquote>\n
BTC has declined around 4% over the past week, dipping below $66,000 on Saturday and again on Monday. It had recovered marginally to reach $68,000 during early Asian trading on Tuesday morning but appears to have found resistance there.<\/p>\n
\u201cThe market is slowly compressing around this $60K to $80K region,\u201d observed<\/a> analyst \u2018Daan Crypto Trades\u2019 on Tuesday.<\/p>\n
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Meanwhile, analyst \u2018Sykodelic\u2019 remained bullish as usual, stating that Bitcoin is currently trading in the \u201clargest pocket of supply it has ever had,\u201d over five years, just underneath the high-time-frame bullish structure.<\/p>\n
Back in 2022, this was totally different, he said before adding<\/a>:<\/p>\n
\n\u201cWe have been seeing signs of large accumulation across the board, with a lot more strength. It\u2019s going to be over much faster than most people are expecting.\u201d<\/p>\n<\/blockquote>\n
Elsewhere on Crypto Markets<\/h2>\n
Crypto markets have ticked up a little over the past few hours, but nothing substantial.\u00a0According to the latest<\/a> Wall Street Journal article, President Trump is willing to end the Iran War even if the Strait of Hormuz remains closed.<\/p>\n
Ethereum prices made a minor move, up from around $2,000 to $2,080, before hitting resistance as the asset remains weak.\u00a0Meanwhile, the altcoins remained mostly flat, with low volumes and further losses for XRP, Hyperliquid, and Canton.<\/p>\n
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