2025 has been tough and it’s over. The troubled start of 2026 was already expected, but even though we reached mid-March, the nightmare is not over. Iran tensions continued in March of cryptocurrencies causes him to be under pressure. Moreover, since 70 thousand dollars cannot be permanently exceeded, the price moves towards 50 thousand dollars.
They Are Blocking Bitcoin’s Rise
Turkish on-chain analyst @anlcnc1 pointed out the density in the order book and revealed how the price was suppressed. Even though BTC exceeded 71 thousand dollars in the last 24 hours, 2.5K+ is concentrated in the 70.650 – 70.740 band. Bitcoin The sell order is standing in front of the bulls like a wall.
Capo has been absent from the partnership for a while, but today he shared his updated assessment. Writing that the price is stuck in the range of 65 thousand-75 thousand dollars, the analyst says that the ongoing sales pressure makes it difficult to hold on to 70 thousand dollars. The issue we mentioned above is in everyone’s focus, and since the price is not released, the path of least resistance appears to be below. If a land operation against Iran begins or if the markets are convinced that this war will continue for months, new lows are possible.
In the survey he shared today, Capo asked which level to see first to measure investor sentiment. he asked. While 19% do not express their opinion, 41% expect 60 thousand dollars. What is interesting is that the ratio of those waiting for 60 and 80 thousand dollars is almost the same.
Prepare for Boring Days
There has been a lot of fluctuation in the past 5-6 months. Although we have seen consolidation in the last 30 days, this may not last as quickly as we think. On-Chain Mid of Bitcoin Drawing attention to the Volume Change Rate, he hinted that a fluctuating consolidation process that lasted for months was at the door. As oil anchors above $100, interest rate cuts have been shelved and most investors expect nothing from the first half of 2026.
“When Bitcoin’s Volume Ratio exceeds ~100%, monthly trading volume has effectively doubled. This typically occurs during wild rallies or panic sell-offs, and these events signal market exhaustion.
Currently the indicator is following a negative trend, which is usually of BTC “As it enters a period of horizontal fluctuation, it leads to a fluctuating consolidation that lasts for months.”
