{"id":38828,"date":"2026-03-23T06:30:31","date_gmt":"2026-03-23T06:30:31","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=38828"},"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:\/\/cryptomag.finance\/?p=38828","title":{"rendered":"If Bitcoin Price Doesn\u2019t Hold Take And Hold $69,000 With Momentum, It Could Get Very Bad"},"content":{"rendered":"<p class=\"p2\">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<h2 class=\"p2\">Why Bitcoin Bulls Must Hold $69,000<\/h2>\n<p class=\"p2\">According to crypto analyst <a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSDT.P\/YxyQWzvk-BTC-Short-term-Outlook\/\" rel=\"nofollow\">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<p class=\"p2\">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<p class=\"p2\">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<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-medium wp-image-888465\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-22-at-17.17.47.png?w=750&amp;resize=750%2C311\" alt=\"Bitcoin price\" width=\"750\" height=\"311\" loading=\"lazy\" \/><\/p>\n<h2 class=\"p2\">BTC Still Stuck In A Corrective Phase<\/h2>\n<p class=\"p2\">Another crypto analyst, HAMED_AZ, also\u00a0<a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSDT\/SeWDiSTc-BTCUSDT\/\" target=\"_blank\" rel=\"noopener nofollow\">published<\/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<p class=\"p2\">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<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-medium wp-image-888466\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-22-at-17.17.57.png?w=750&amp;resize=750%2C311\" alt=\"Bitcoin price 2\" width=\"750\" height=\"311\" loading=\"lazy\" \/><\/p>\n<p class=\"p2\">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>\n<p><img decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/JV3X7jiK\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1878\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38829,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-38828","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>If Bitcoin Price Doesn\u2019t Hold Take And Hold $69,000 With Momentum, It Could Get Very Bad - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=38828\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If Bitcoin Price Doesn\u2019t Hold Take And Hold $69,000 With Momentum, It Could Get Very Bad - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"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. 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