BTC $78,374.50 +1.62%
ETH $2,500.17 +0.48%
BNB $721.17 +0.41%
XRP $1.39 +3.51%
SOL $101.42 +1.05%
TRX $0.3404 -0.10%
DOGE $0.0835 +0.07%
ADA $0.2079 +0.69%
BCH $222.23 -1.29%
LINK $11.39 +1.00%
HYPE $79.37 +1.63%
AAVE $125.47 -0.44%
SUI $0.7193 +0.56%
XLM $0.1892 +5.63%
ZEC $1,135.14 +4.30%
AAPL $332.71 +0.47%
AMZN $252.91 -0.59%
GOOGL $345.31 +2.41%
MSFT $503.15 +2.14%
META $653.91 +1.77%
NVDA $211.05 -2.03%
TSLA $358.92 -1.16%
SNDK $1,531.66 -2.70%
INTC $96.07 -3.56%
SPCX $149.52 +0.29%
MU $913.71 -2.27%
AMD $485.10 -3.35%
BTC $78,374.50 +1.62%
ETH $2,500.17 +0.48%
BNB $721.17 +0.41%
XRP $1.39 +3.51%
SOL $101.42 +1.05%
TRX $0.3404 -0.10%
DOGE $0.0835 +0.07%
ADA $0.2079 +0.69%
BCH $222.23 -1.29%
LINK $11.39 +1.00%
HYPE $79.37 +1.63%
AAVE $125.47 -0.44%
SUI $0.7193 +0.56%
XLM $0.1892 +5.63%
ZEC $1,135.14 +4.30%
AAPL $332.71 +0.47%
AMZN $252.91 -0.59%
GOOGL $345.31 +2.41%
MSFT $503.15 +2.14%
META $653.91 +1.77%
NVDA $211.05 -2.03%
TSLA $358.92 -1.16%
SNDK $1,531.66 -2.70%
INTC $96.07 -3.56%
SPCX $149.52 +0.29%
MU $913.71 -2.27%
AMD $485.10 -3.35%

Analysis: The current trend of Bitcoin is similar to the previous plunge to 600,000 dollars, with 65,800 dollars being the key support level

2026-03-20 15:34:10

According to CoinDesk, the current trend of Bitcoin is highly similar to the price structure that ultimately triggered a drop to $60,000 between November 2025 and January 2026. From a technical perspective, since hitting the bottom in early February, Bitcoin has formed a narrow, slightly upward-sloping channel between two trend lines, mirroring the previous sideways movement after the drop from $100,000.

At that time, the market also exhibited a slow, oscillating upward crawl, ultimately leading to a false breakout where the price plummeted straight from about $90,000 to nearly $60,000. Technical analysis refers to such patterns as "counter-trend rebounds," which are small recoveries that occur within a downtrend. The current rebound lacks explosive momentum, which is a typical signal of bull exhaustion; the market may just be catching its breath, waiting for bears to regain strength.

$65,800 is a key support level. If Bitcoin falls below the current lower boundary of the channel at around $65,800, it would mean that bears have regained control; if it breaks upward through the channel, the downtrend may lose momentum, and bulls could be poised for a strong counterattack. Bitcoin is currently at a critical decision point, and the direction remains unclear.

app_icon
ChainCatcher Building the Web3 world with innovations.