{"id":10866,"date":"2026-03-28T19:13:08","date_gmt":"2026-03-28T19:13:08","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/bitcoin-weekly-close-on-sight-as-price-drops-below-66000-45-crash-coming\/"},"modified":"2026-03-28T19:13:08","modified_gmt":"2026-03-28T19:13:08","slug":"bitcoin-weekly-close-on-sight-as-price-drops-below-66000-45-crash-coming","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/bitcoin-weekly-close-on-sight-as-price-drops-below-66000-45-crash-coming\/","title":{"rendered":"Bitcoin Weekly Close On Sight As Price Drops Below $66,000 \u2013 45% Crash Coming?"},"content":{"rendered":"

The latest Bitcoin (BTC) price drop has raised concerns about the cryptocurrency\u2019s upcoming performance, with some analysts warning that BTC\u2019s next key closes could signal the start of another major correction.<\/p>\n

Bitcoin Risks Another Major Crash<\/h2>\n

On Friday, Bitcoin plunged over 7% intraday to a three-week low of $65,700, raising concerns about the flagship crypto\u2019s short- to mid-term performance. The cryptocurrency has been trading between the $65,000-$72,000 levels since the early February crash.<\/p>\n

After its latest drop, analyst Altcoin Sherpa noted that holding the current levels is crucial, as losing this boundary could quickly send BTC\u2019s price 6%-10% down to the next support area, around $60,000-$62,000.<\/p>\n

\"Bitcoin\"<\/p>\n

Several market observers also warned that the cryptocurrency is currently breaking down a crucial bearish formation, which could also trigger a massive crash to newer lows if the price doesn\u2019t bounce soon.<\/p>\n

Notably, Bitcoin has been forming a bear flag pattern on the daily timeframe for nearly two months, retesting the formation\u2019s lower boundary on multiple occasions. However, BTC now risks losing this level as support, as it shows multiple concerning signs.<\/p>\n

Ted Pillows asserted<\/a> on X that Bitcoin is not only dropping in price but also losing momentum as it has lost its RSI uptrend. \u201cA major sign of weakness,\u201d he added.<\/p>\n

The analyst also emphasized that BTC\u2019s breakdown \u201cis only a matter of when, not if,\u201d cautioning that the flagship cryptocurrency has already broken down of a similar two-month bear flag pattern at the start of the year.<\/p>\n

Meanwhile, Ali Martinez suggested<\/a> that BTC could drop another 30%-45% based on its historical performance over the past decade. As he explained, Bitcoin has kicked off new bull runs after dropping below its long-term holder realized price, and it\u2019s \u22120.2 standard deviation band, located at the $48,387 and $36,657 levels, respectively.<\/p>\n

\u201cI\u2019ll be watching these zones for dip-buying opportunities ahead of the next bull cycle,\u201d he stated.<\/p>\n

All Eyes On BTC\u2019s Weekly Close<\/h2>\n

Analyst Rekt Capital highlighted<\/a> another concerning sign for Bitcoin, noting that BTC has once again dropped below the 200-week Exponential Moving Average (EMA). Amid this drop, the cryptocurrency is treating this level as resistance once more, putting the focus on the upcoming weekly close.<\/p>\n

The analyst previously explained that \u201cIf the 200-week EMA is lost as support this week and price Weekly Closes below it again, Bitcoin could actually turn the EMA into new resistance.\u201d<\/p>\n

Last week, the largest crypto by market capitalization technically closed below the 200W EMA after attempting to \u201cpost-breakout retest\u201d it as support, but failing to end the week above the $68,000 area. \u201cThat means that price technically kickstarted a breakdown from the EMA,\u201d and a weekly close below this level would confirm it.<\/p>\n

\u201cGiven this latest Weekly Close, there is therefore scope for another dip into the 200-week EMA for another retest to see if BTC can solidify a reclaim into support,\u201d he detailed, \u201cBut the overall suspicion has become confirmed: The 200-week EMA is acting as both an unreliable resistance and an unreliable support, never truly confirming a clear role.\u201d<\/p>\n

The analyst concluded that the indecisiveness could lead to further retests of this area \u201cbefore ultimately breaking down into additional Macro Downside over time.\u201d<\/p>\n

As of this writing, Bitcoin trades at $65,600, a 6% decline in the weekly timeframe.<\/p>\n

\"bitcoin,<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest Bitcoin (BTC) price drop has raised concerns about the cryptocurrency\u2019s upcoming performance, with some analysts warning that BTC\u2019s next key closes could signal the start of another major correction. Bitcoin Risks Another Major Crash On Friday, Bitcoin plunged over 7% intraday to a three-week low of $65,700, raising concerns about the flagship crypto\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":10867,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119],"tags":[56,4452,1642,3921,691,5066,61,121,62,42,725],"class_list":["post-10866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-bear-flag","tag-bitcoin-bear-market","tag-bitcoin-breakdown","tag-bitcoin-correction","tag-bitcoin-macro-downtrend","tag-btc","tag-btc-price","tag-btcusdt","tag-crypto-analyst","tag-crypto-market-correction"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=10866"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/10867"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=10866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=10866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=10866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}