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.
Key takeaways
Quick scan — what you need to know:
- 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 recovered 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.
- Not Looking Great 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…
Background
What led here, in plain terms:
- Interestingly, another analyst, Jelle, recently noted 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.
- #Bitcoin is not looking great.
- The same procedure as during the previous consolidation.
Why it matters
Why readers and decision-makers should care:
- Hold it: expansion phase opens.
- You are in the right zone.
- pic.twitter.com/9GDj35goiv — Merlijn The Trader (@MerlijnTrader) March 28, 2026 The post ‘Bitcoin Is Not Looking Great’: Why Top Analysts Are Warning BTC Could Plunge Further appeared first on…