Bitcoin Price: Is the Bottom In or Another Decline Looming? Analysts Comment

TLDR

• Bitcoin is currently trading around $66,800, having been confined to a $60,000–$70,000 range for several weeks.
• According to analyst Michael van de Poppe, the longer BTC remains in consolidation, the more significant the eventual price breakout will be.
• Spot Bitcoin Exchange-Traded Funds (ETFs) experienced $173.73 million in outflows on Wednesday.
• Comments made by Trump regarding the ongoing conflict have diminished risk appetite across financial markets.
• Several analysts suggest that BTC has not yet reached its bottom, with some forecasting a drop below $50,000.

(SeaPRwire) –   Bitcoin is currently fluctuating around $66,800, marking an approximate 8% decline over the last 30 days. The premier cryptocurrency has been trading within a band of $60,000 to $74,000 since reaching its yearly low of $60,000 on February 6.

Michael van de Poppe, founder of MN Trading Capital, commented on the price movement in an X post on Friday, stating, “Bitcoin remains stagnant in this area, which means that there’s literally no direction.” He further noted, “The longer it lasts, the heavier the breakout will be.” Van de Poppe is monitoring for a price surge above $71,000, a threshold BTC has not reached since March 26.

#Bitcoin remains stagnant in this area, which means that there’s literally no direction.

The longer it lasts, the heavier the breakout will be.

Break $71K and we’d be happy. pic.twitter.com/wrLtB1pmsa

— Michaël van de Poppe (@CryptoMichNL) April 3, 2026

Analyst Ted asserted on X that $60,000 “wasn’t the bottom.” He suggested that a final capitulation is still probable before BTC establishes its floor. Ted also observed that Bitcoin encountered resistance at the $69,000–$70,000 range, which had previously served as support. He cautioned that a breach of the $65,000–$66,000 range would likely lead to a new low.

$60,000 wasn’t the bottom for $BTC.

But this doesn’t mean another 50% crash will happen.$USDT.D is indicating that BTC is now the same zone as June/July 2022.

This means there’ll be one final capitulation before the bottom. pic.twitter.com/uV1LU1twzr

— Ted (@TedPillows) April 3, 2026

ETF Outflows Add Pressure

Institutional investment interest has been inconsistent. Spot Bitcoin ETFs registered $173.73 million in outflows on Wednesday, interrupting a two-day streak of positive inflows. This indicates a reluctance among institutional investors, who are withdrawing from more speculative assets.

Glassnode’s weekly analysis indicated that BTC remains within a “redistribution phase.” The amount of supply held at a loss remains elevated, and capitulation among long-term holders has not fully subsided. The report concluded that while the market is “no longer in outright stress,” it is “still searching for stronger conviction.”

Analyst Jordan projected in an X post that Bitcoin could ascend to $80,000, highlighting a bullish trend that commenced in February. He pointed out that BTC has consistently maintained support in the low $60,000s whenever that level has been tested. Jordan suggested that holding this support could propel the price towards the $80,000–$84,000 CME gap.

Bitcoin is still holding the BULLISH trend that started back in February.

Every time price has tested support, we’ve bounced.

If we can hold this, we should start to see momentum push towards the $80–84K CME gap.

Interestingly, even with the Iran/US war…price was unable to… pic.twitter.com/YFYWKCI3D5

— Investor Jordan (@InvestorJordan) March 31, 2026

Analysts Divided on Bottom

Crypto analyst Doctor Profit expressed a medium-high probability of BTC reaching the $79,000–$84,000 range. However, he stated his intention to open short positions at that level, targeting prices below $50,000. He also affirmed that the Bitcoin price has not yet found its bottom.

Analyst CrypFlow highlighted the 2-month stochastic RSI as a crucial indicator. He noted that a bullish cross below 20 has historically signaled optimal buying opportunities in 2015, 2019, and 2023. Since this cross has not yet occurred, it implies that further downside could be forthcoming.

Bitcoin analyst Willy Woo commented on March 30 that there is a “very good chance” of a more pronounced bear market due to a deterioration in global macroeconomic trends. Veteran trader Peter Brandt informed Cointelegraph that he does not anticipate Bitcoin reaching a new all-time high until the second quarter of 2027.

Finally, IMO there’s a very good chance we get a deeper bear due to a breakdown of the secular bull market in global macro.

— Willy Woo (@willywoo) March 30, 2026

The Crypto Fear & Greed Index registered 11 on Saturday, placing it firmly in “Extreme Fear” territory.

From a technical perspective, BTC is trading near the lower boundary of a parallel channel, around $65,900. The Relative Strength Index (RSI) is in the low 40s, and the Moving Average Convergence Divergence (MACD) remains below its signal line, indicating persistent selling pressure. A close above $72,600 would represent the initial indication of a bullish shift.