Bitcoin Finds Strength Near $68K Even As Analysts Predict Sell-off
By Antonio Oliveira
Published on March 31, 2026.
Bitcoin's (BTC) consolidation has extended into a fifth week, with the price rising from its major low at $60,000 on Feb. 6. Despite positive developments such as increased institutional buying and the launch of a BTC ETF, Bitcoin's market structure remains in favor of the bears. Independent market analyst filbfilb described the market as "still bearish overall on outlook" but noted that the 50 DMA and diagonal resistance were positioned to prove otherwise. MN Fund founder Michael van de Poppe also predicted a resumption of the bearish trend in the short-term. If BTC can flip $68,879, aligned with the 38.2% Fibonacci retracement level, a rally to $82,000 could be in order.
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