{"id":895705,"date":"2026-03-31T07:12:08","date_gmt":"2026-03-31T12:12:08","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/03\/31\/bitcoin-touches-66k-as-bearish-signals-flash-warning-signs\/"},"modified":"2026-03-31T07:12:08","modified_gmt":"2026-03-31T12:12:08","slug":"bitcoin-touches-66k-as-bearish-signals-flash-warning-signs","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/03\/31\/bitcoin-touches-66k-as-bearish-signals-flash-warning-signs\/","title":{"rendered":"Bitcoin Touches $66K as Bearish Signals Flash Warning Signs"},"content":{"rendered":"
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\"Bitcoin<\/figure>\n<\/div>\n
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Bitcoin (BTC) has been consolidating between $68,000 and $66,000 over the weekend after falling below $70K last Thursday. At press time, Bitcoin was trading at $66,386, up just 0.02% over the past 24 hours and down 6.27% over the past week. Several indicators signal the coin\u2019s upcoming capitulation but also point to an eventual recovery and a final turn to bullish trends.<\/p>\n

\"Bitcoin<\/figure>\n

Source: CoinMarketCap<\/a><\/p>\n

Bitcoin bear momentum indicators<\/h2>\n

BTC whale and institutional offloading have increased amid prevailing geopolitical and economic stress.\u00a0<\/p>\n

US President Donald Trump claims an ongoing negotiation with Iran to end all hostilities, but the latter refutes such news, labeling it a strategic maneuver to cool oil prices. Trump promises escalated US military aggression on Iran\u2019s electric power plants, oil wells, and the Kharg Island energy hub should these alleged talks prove unfruitful.<\/p>\n

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\u201cThe United States of America is in serious discussions with A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran.\u201d \u2013 President Donald J. Trump \ud83c\uddfa\ud83c\uddf8 pic.twitter.com\/0MWL2hSNmK<\/a><\/p>\n

\u2014 The White House (@WhiteHouse) March 30, 2026<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Meanwhile, the Fed has maintained a \u201cwait and see\u201d approach regarding interest rates, citing<\/a> trade-offs between inflation and unemployment.<\/p>\n

Uncertainty around these developments caused US spot Bitcoin ETFs to break<\/a> a four-week positive streak, recording $296.18 million in net outflows in the week ending March 27.<\/p>\n

As for on-chain indicators, the 1-week exchange whale ratio reads 0.57 according to blockchain analytics firm CryptoQuant. The metric indicates heightened Bitcoin whale offloading, which is typically interpreted as a bearish signal<\/a>. This notion was supported by a drop in Bitcoin whale monthly demand growth<\/a> to 1% in March from 6% in February.<\/p>\n

\"Bitcoin:<\/figure>\n

Source: CryptoQuant<\/a><\/p>\n

The eventual yield of the bear to the bull<\/h2>\n

Crypto analysis by Ali Martinez shows the formation of a descending triangle pattern, a bearish setup based on historical trends. This projects a potential 2021-like crash, with a breakdown below $64,100 and towards $50,000.<\/p>\n

<\/figure>\n

Even more, he notes a crossover between the 50-day and 200-day simple moving averages on the 3-day chart, indicating an impending historical 40%-50% reset.<\/p>\n

That said, Ali predicts<\/a> potential buy zones if BTC bottoms out between $40K and $30K, adding that this phase would precede a major bull market.<\/p>\n<\/div>\n

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\n Steve Muchoki<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has been consolidating between $68,000 and $66,000 over the weekend after falling below $70K last Thursday. At press time, Bitcoin was trading at $66,386, up just 0.02% over the past 24 hours and down 6.27% over the past week. Several indicators signal the coin\u2019s upcoming capitulation but also point to an eventual recovery<\/p>\n","protected":false},"author":1,"featured_media":895706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,4562],"tags":[],"class_list":{"0":"post-895705","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-touches"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/895705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=895705"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/895705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/895706"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=895705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=895705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=895705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}