Plunge

JUST

Bitcoin tried and failed at $76,000 last week and $72,000 a few days ago. It was rejected in its tracks at both attempts, and the Friday correction pushed it south to a four-week low of $65,500.
Although it has <a href="https://cryptopotato.com/siren-soars-by-triple-digits-again-bitcoin-dipped-to-4-week-low-weekend-watch/" rel="noopener noreferrer nofollow">recovered</a> some ground since then and currently trades above $66,000, most analysts on X believe the asset is not out of the woods yet and predict at least one more leg down.
<h2 id="not-looking-great">Not Looking Great</h2>
Michaël van de Poppe was among the first to outline BTC’s fragile state, stating that “Bitcoin is not looking great.” In a recent post on X, MN Fund’s founder said the cryptocurrency is following a familiar pattern and will likely “hang here for a bit, before continuing to sweep the lows further down the line.”
He noted that the $60,000 support will come into focus, which would be his ideal area for opening long positions. Interestingly, another analyst, Jelle, recently <a href="https://cryptopotato.com/when-to-buy-bitcoin-next-analyst-outlines-exact-entry-levels/" rel="noopener noreferrer nofollow">noted</a> that he would start buying BTC if it drops even further south, to around $50,000.
Van de Poppe, though, asserted that his theory will be invalidated if BTC rebounds decisively and breaks past $71,000, which will “clearly” change the perspective.
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is not looking great.
 The same procedure as during the previous consolidation. It will likely hang here for a bit, before continuing to sweep the lows further down the line.
 If that happens, a sweep of $60K is the ideal area for longs on this one.
 Now, what is going… <a href="https://t.co/BvCVPmY648" rel="noopener noreferrer nofollow">pic.twitter.com/BvCVPmY648</a>
 — Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/2037822870580015294?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 28, 2026</a>
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CryptoQuant also wrote about bitcoin’s potential bottom during this cycle recently, and concluded that “it’s still too early” to determine BTC has reached it. The analysts <a href="https://cryptoquant.com/insights/quicktake/69c48575153c6a26e0ae844d-BTC-%E2%80%94-Still-Too-Early-to-Call-a-Bottom?utm_source=telegram&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=crypto-dan" rel="noopener noreferrer nofollow">explained</a> that “structural signals” that could solidify a conclusive transition from a medium- to long-term downtrend into an uptrend have yet to clearly emerge.
Altcoin Sherpa’s opinion <a href="https://x.com/AltcoinSherpa/status/2037873413784519019" rel="noopener noreferrer nofollow">aligned</a> with van den Poppe’s, suggesting that BTC could find some temporary relief, but it could “test the $62Ks eventually.”
<h2 id="touched-dca-zone">Touched DCA Zone</h2>
While also weighing in on BTC’s recent price performance, Merlijn The Trader indicated that bitcoin has dropped and touched the lower boundary of the “DCA Zone.” History shows that the asset has not fallen to the lower region of the rainbow below for many years. And, when it has been within it, it has bounced by 100x in 2015, by 20x in 2019, and by 5x in 2023.
If it breaks below it now, it would be the first such instance in history, Merlijn explained. However, if it holds and rebounds, then the “expansion phase opens.”
<blockquote class="twitter-tweet">
 BITCOIN JUST TOUCHED THE DCA ZONE FOR THE FOURTH TIME.
 2015: green zone. Then 100x. 2019: green zone. Then 20x. 2023: green zone. Then 5x. 2026: right now.
 Hold it: expansion phase opens. Lose it: first break in history.
 You are in the right zone. <a href="https://t.co/9GDj35goiv" rel="noopener noreferrer nofollow">pic.twitter.com/9GDj35goiv</a>
 — Merlijn The Trader (@MerlijnTrader) <a href="https://twitter.com/MerlijnTrader/status/2037877368250155289?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 28, 2026</a>
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The post <a href="https://cryptopotato.com/bitcoin-is-not-looking-great-why-top-analysts-are-warning-btc-could-plunge-further/" rel="noopener noreferrer nofollow">‘Bitcoin Is Not Looking Great’: Why Top Analysts Are Warning BTC Could Plunge Further</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

‘Bitcoin Is Not Looking Great’: Why Top Analysts Are Warning BTC Could Plunge Further

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