bullish

2026

Bitcoin

Reserve

<p>Bitcoin (BTC) has plummeted below $66K, trading at $65,675 at press time, which is a 3.98% drop in 24h, and a 47.9% dip from its October all-time high (ATH) of $126K.</p>
<figure class="wp-block-image size-full"><img width="680" height="427" src="https://image.coinpedia.org/wp-content/uploads/2026/03/28014837/friday1.webp" alt="Bitcoin price chart">
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<p>Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a></p>
<p>Liquidations in Bitcoin futures positions totaled $189.17 million, with long positions accounting for $173.24 million.</p>
<p>Traditional assets have not been spared, with gold and silver witnessing 20% and 45% drawdowns from their ATHs, while the Magnificent 7 stocks fell by upto 34% from their January peaks.</p>
<h2 class="wp-block-heading" id="h-why-is-bitcoin-down-today">Why is Bitcoin down today?</h2>
<p>Bitcoin’s price has declined today amid uncertainty caused by the escalation of strikes between the US and Iran and its proxies. Crude oil prices now trade at least $99.13/barrel, adding to inflationary fears amid rising energy prices.</p>
<figure class="wp-block-image size-full"><img width="586" height="141" src="https://image.coinpedia.org/wp-content/uploads/2026/03/28015230/friday2-1.webp" alt="Oil prices today">
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<p>Source: <a rel="noopener noreferrer nofollow">OilPrice.com</a></p>
<p>The US Federal Reserve remains undecided on interest-rate action, calling it a “challenging situation” driven by new inflationary shocks amid the conflict in the Middle East. The current US inflation rate is near 3%, well above the Fed’s 2% target.</p>
<p>Additionally, $16.38 billion in Bitcoin and Ethereum futures contracts <a href="https://coinpedia.org/news/why-is-bitcoin-crashing-today-14b-options-expiry-iran-war-escalations-more/" rel="noopener noreferrer nofollow">expired</a> on the Deribit exchange today, marking the largest single-day derivative settlements of the year.</p>
<p>As a result, sentiment turned bearish among institutions, with spot Bitcoin ETFs seeing net <a href="https://farside.co.uk/btc/" rel="noopener noreferrer nofollow">outflows</a> of $306.44 million between March 26 and March 27.</p>
<h2 class="wp-block-heading" id="btc-price-prediction">BTC price prediction</h2>
<p>According to market analyst Aksel Kibar, Bitcoin is mirroring previous bearish wedge patterns, indicating a possible downside move towards $52.5K.&nbsp;&nbsp;</p>
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   <p>See my analysis at the time of the previous bearish wedge pattern. A similar pattern might be developing. <br><br>Not a prediction. <br><br>Breakdown of the lower boundary will be the signal for a possible move towards 52.5K. <a href="https://twitter.com/search?q=%24BTCUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTCUSD</a><a href="https://t.co/0l6eu30Pu1" rel="noopener noreferrer nofollow">https://t.co/0l6eu30Pu1</a><a href="https://t.co/jYxEYlKqS7" rel="noopener noreferrer nofollow">pic.twitter.com/jYxEYlKqS7</a></p>— Aksel Kibar, CMT (@TechCharts) <a href="https://twitter.com/TechCharts/status/2034493062483751355?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 19, 2026</a>
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<p>Another analyst says a bottom will form once BTC drops towards $50K. For bullish investors, both predictions signal a great buying opportunity in the near future.</p>
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   <p>Bitcoin is yet to enter the bottoming zone.<br><br>Once <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> drops towards the $50,000 level, a bottom formation will happen. <a href="https://t.co/0HtULKtQLM" rel="noopener noreferrer nofollow">pic.twitter.com/0HtULKtQLM</a></p>— Ted (@TedPillows) <a href="https://twitter.com/TedPillows/status/2037464896494035099?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 27, 2026</a>
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<p>Goldman Sachs already calls a bottom, while gold permabull Peter Schiff <a href="https://x.com/PeterSchiff/status/2037493888118645154" rel="noopener noreferrer nofollow">criticizes</a> the coin’s fall below its 2021 peak of $69K “despite record hype and so-called adoption.”</p>
<p>Developments in the US-Iran conflict this weekend are the key events to watch, along with the resulting energy prices and investor action.</p>

Bitcoin Dips Below $66K: Charts Signal Incoming Market Bloodbath and Buy Opportunity

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