{"id":143930,"date":"2026-03-23T06:30:31","date_gmt":"2026-03-23T06:30:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=143930"},"modified":"2026-03-23T06:30:31","modified_gmt":"2026-03-23T06:30:31","slug":"if-bitcoin-price-doesnt-hold-take-and-hold-69000-with-momentum-it-could-get-very-bad","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=143930","title":{"rendered":"If Bitcoin Price Doesn\u2019t Hold Take And Hold $69,000 With Momentum, It Could Get Very Bad"},"content":{"rendered":"

The Bitcoin price broke below $70,000 over the weekend, effectively erasing the gains from the previous week. This move puts the cryptocurrency in a perilous position as the bulls are now hard-pressed to find another major support or risk the decline going deeper from here. According to one analyst, Bitcoin bulls will have to reclaim and hold $69,000 with momentum in order to trigger another recovery trend.<\/p>\n

Why Bitcoin Bulls Must Hold $69,000<\/h2>\n

According to crypto analyst Tealstreet<\/a>, the bulls will need to defend $69,000 to prevent the Bitcoin price from falling lower. The reason for this is the fact that the Bitcoin price has a chance of pushing upwards to the $73,000-$74,000 levels if this support is maintained. Following this, there is still the possibility of a final push toward $76,000-$77,000.<\/p>\n

On the flip side, there is a lot of bearish action to be seen if the bulls lose $69,000. This bearish move would trigger an at least 5% decline, with the crypto analyst putting the target somewhere between $64,000 and $66,000. While this decline may not exactly be as impactful as previous sharp declines, it could end up being negative for altcoins, which are already suffering.<\/p>\n

By Sunday, the Bitcoin price broke below $69,000, but the bulls were able to maintain the $68,000 level, holding quite close to the target. Nevertheless, this means that the bulls are now in a tight spot with the need to reclaim $69,000 or watch the trend play out.<\/p>\n

BTC Still Stuck In A Corrective Phase<\/h2>\n

Another crypto analyst, HAMED_AZ, also\u00a0published<\/a> a post in support of the current Bitcoin bearishness, saying that the digital asset has actually entered a corrective phase.\u00a0Due to this, the Bitcoin price is expected to move lower after an initial push toward the top of the ascending channel.<\/p>\n

If the price is unable to break the resistance at the top of the channel, then the downtrend will continue, leading to an over 10% decline. This move will most likely send the Bitcoin price crashing below $60,000 for the first time in over a year.<\/p>\n

Alternatively, if the price is able to successfully test and break out of the channel resistance with momentum, then the downtrend could be broken completely. This scenario would lead to a push toward $80,000 and likely kickstart the next run.<\/p>","protected":false},"excerpt":{"rendered":"

The Bitcoin price broke below $70,000 over the weekend, effectively erasing the gains from the previous week. This move puts the cryptocurrency in a perilous position as the bulls are now hard-pressed to find another major support or risk the decline going deeper from here. According to one analyst, Bitcoin bulls will have to reclaim […]<\/p>\n","protected":false},"author":0,"featured_media":143931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-143930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/143930"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=143930"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/143930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/143931"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=143930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=143930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=143930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}