Bitcoin recently attempted to break through the $76,000 and $72,000 price levels, but both attempts failed. These rejections, combined with a price correction on Friday, caused Bitcoin’s value to drop to a four-week low of $65,500.
While the price has risen to over $66,000 after a recent dip, many experts on X still expect the price to fall further, predicting at least one more drop.
Not Looking Great
Michaël van de Poppe was one of the first to point out that Bitcoin was looking unstable, simply stating, “Bitcoin is not looking great.” In a recent post on X (formerly Twitter), the founder of MN Fund explained that Bitcoin is repeating a pattern and will probably stay around this level for a while before potentially dropping to even lower prices.
He mentioned that $60,000 is a key price level to watch, and where he’d be interested in buying Bitcoin. Another analyst, Jelle, recently said he’d start buying if the price fell even lower, around $50,000.
However, Van de Poppe stated that his prediction would be proven wrong if Bitcoin strongly recovers and rises above $71,000, which would obviously shift the outlook.
#Bitcoin is not looking great.
This process is similar to the last one. It might pause for a moment, then continue to search for lower prices.
If that happens, a sweep of $60K is the ideal area for longs on this one.
Now, what is going…
— Michaël van de Poppe (@CryptoMichNL) March 28, 2026
CryptoQuant recently analyzed the possibility of Bitcoin hitting its lowest price for this market cycle, but determined it’s too soon to say for sure. Their analysts noted that clear signs of a shift from a prolonged downward trend to an upward one haven’t appeared yet.
Based on my analysis, I agree with both Altcoin Sherpa and van den Poppe – we might see a short-term bounce for Bitcoin, but I still anticipate a potential drop to the $62,000 level.
Touched DCA Zone
Merlijn The Trader noted that Bitcoin’s price recently fell to the bottom of what he calls the “DCA Zone.” He points out that historically, Bitcoin hasn’t reached these low levels for many years, and when it has, it’s seen significant price increases – 100x in 2015, 20x in 2019, and 5x in 2023.
According to Merlijn, if the price falls below this level now, it would be a first-time event. But if it stays above and bounces back, it suggests a new period of growth will begin.
BITCOIN JUST TOUCHED THE DCA ZONE FOR THE FOURTH TIME.
From 2015 to 2023, periods of strong growth (‘green zone’) were followed by significant declines – first a 100x decrease, then 20x, and later 5x. We are currently in a similar period (‘right now’).
Hold it: expansion phase opens.
Lose it: first break in history.You are in the right zone.
— Merlijn The Trader (@MerlijnTrader) March 28, 2026
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2026-03-28 16:26