Bitcoin (BTC) failed to break the $74,000 resistance level for the third time this month. The cryptocurrency’s price saw a brief but sharp decline to the $65,000 level earlier today before staging a recovery to reclaim the $67,000 mark.
According to the latest data from CoinMarketCap, BTC’s price has seen a modest rally of 0.31% in the last 24 hours, alongside a 2.47% gain over the last seven days and a 2.4% increase on the 14-day charts.
However, the longer-term picture tells a different story. The original cryptocurrency is down 0.84% over the previous month and has fallen 21.45% since its all-time high in October 2025. Some bearish forecasts even predict the asset could crash to the $45,000 support level if key levels are breached. Let’s discuss.
Bitcoin’s Price to Crash Below $45,000?
Bitcoin’s (BTC) price has been trending downwards following its peak at $126,198 in October 2025. In February 2026, the asset twice found a floor at $62,000, indicating strong support at this level. Conversely, it has consistently met resistance at the $74,000 mark.
Bitcoin’s (BTC) recent downtrend can be attributed to several factors, such as macroeconomic uncertainties, geopolitical tensions, and a dip in liquidity. The ongoing conflict between the US, Israel, and Iran has increased selling pressure on crypto assets. As a result, both the cryptocurrency and stock markets experienced a downturn on March 9, 2026.
Polymarket traders are pricing in the possibility of Bitcoin (BTC) dropping below $45,000. This would represent a correction of approximately 33.68% from its current price. Stifel analysts are predicting an even more bearish outlook for Bitcoin (BTC), suggesting the asset could drop to $38,000 this year. A fall to this level would represent a nearly 44% decline from its current price.
Also Read: Bitcoin Adoption Surges as 58 Million Wallets Now Hold BTC
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
