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BTC $67,303.22 -0.03%
ETH $2,059.35 +0.18%
BNB $592.69 +0.13%
XRP $1.30 -1.02%
SOL $79.84 -1.34%
TRX $0.3192 +0.70%
DOGE $0.0905 -1.85%
ADA $0.2437 -1.48%
BCH $425.70 -3.72%
LINK $8.61 -0.94%
HYPE $35.58 -1.15%
AAVE $91.80 -3.13%
SUI $0.8499 -2.33%
XLM $0.1589 -1.51%
ZEC $240.46 -4.38%
BTC $67,303.22 -0.03%
ETH $2,059.35 +0.18%
BNB $592.69 +0.13%
XRP $1.30 -1.02%
SOL $79.84 -1.34%
TRX $0.3192 +0.70%
DOGE $0.0905 -1.85%
ADA $0.2437 -1.48%
BCH $425.70 -3.72%
LINK $8.61 -0.94%
HYPE $35.58 -1.15%
AAVE $91.80 -3.13%
SUI $0.8499 -2.33%
XLM $0.1589 -1.51%
ZEC $240.46 -4.38%

Analysis: The current trend of Bitcoin is similar to the previous plunge to 600,000 dollars, with 65,800 dollars being the key support level

2026-03-20 15:34:10
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According to CoinDesk, the current trend of Bitcoin is highly similar to the price structure that ultimately triggered a drop to $60,000 between November 2025 and January 2026. From a technical perspective, since hitting the bottom in early February, Bitcoin has formed a narrow, slightly upward-sloping channel between two trend lines, mirroring the previous sideways movement after the drop from $100,000.

At that time, the market also exhibited a slow, oscillating upward crawl, ultimately leading to a false breakout where the price plummeted straight from about $90,000 to nearly $60,000. Technical analysis refers to such patterns as "counter-trend rebounds," which are small recoveries that occur within a downtrend. The current rebound lacks explosive momentum, which is a typical signal of bull exhaustion; the market may just be catching its breath, waiting for bears to regain strength.

$65,800 is a key support level. If Bitcoin falls below the current lower boundary of the channel at around $65,800, it would mean that bears have regained control; if it breaks upward through the channel, the downtrend may lose momentum, and bulls could be poised for a strong counterattack. Bitcoin is currently at a critical decision point, and the direction remains unclear.

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