{"id":576890,"date":"2026-03-31T17:53:11","date_gmt":"2026-03-31T17:53:11","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/03\/31\/bitcoin-traders-forecast-short-term-downside-even-as-btc-price-chases-68k\/"},"modified":"2026-03-31T17:53:11","modified_gmt":"2026-03-31T17:53:11","slug":"bitcoin-traders-forecast-short-term-downside-even-as-btc-price-chases-68k","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/03\/31\/bitcoin-traders-forecast-short-term-downside-even-as-btc-price-chases-68k\/","title":{"rendered":"Bitcoin traders forecast short-term downside even as BTC price chases $68K"},"content":{"rendered":"

\"Bitcoin<\/p>\n

Analysts expect Bitcoin\u2019s price consolidation to tilt toward $60,000, but technical charts favor a liquidation rally toward $82,000.<\/p>\n

Bitcoin\u2019s (BTC<\/a>) consolidation extended into a fifth week since making a major low at $60,000 on Feb. 6, but the daily chart shows the range tightening as the price swings between its daily highs and lows narrow.\u00a0<\/p>\n

Some analysts may view the pattern of higher lows and lower highs as proof of a pending breakout, especially when considering positive developments like the resumption of buying from institutional investors, Morgan Stanley\u2019s announcement<\/a> of its soon-to-launch spot BTC ETF and a wave of hefty purchases by Strategy<\/a>, but Bitcoin\u2019s market structure is still in favor of the bears.\u00a0<\/p>\n

In a Monday Telegram post, independent market analyst filbfilb described the market read as \u201cstill bearish overall on outlook, but the 50 DMA and diagonal resistance are nicely placed to prove that wrong should it be the case.\u201d\u00a0\u00a0<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Analysts expect Bitcoin\u2019s price consolidation to tilt toward $60,000, but technical charts favor a liquidation rally toward $82,000. Bitcoin\u2019s (BTC) consolidation extended into a fifth week since making a major low at $60,000 on Feb. 6, but the daily chart shows the range tightening as the price swings between its daily highs and lows narrow.\u00a0 […]<\/p>\n","protected":false},"author":1,"featured_media":576891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-576890","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/576890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=576890"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/576890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/576891"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=576890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=576890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=576890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}