Technical Analysis

Bitcoin has rebounded from the $60,000 area and is now trading around $71,000 to $72,000, approaching a key resistance band between $73,000 and $75,000. On the daily chart it remains below the 100-day and 200-day moving averages and inside a broader descending structure, while on-chain data indicates larger players are still more active than retail traders. The $60,000 to $62,000 zone continues to act as critical support, with the $75,000 to $80,000 region marking the main overhead barrier.

Bitcoin's Coinbase Premium Gap has turned positive after nearly 10 weeks of negative readings that aligned with a slide from about $95,000 to below $65,000 in February, signaling a tentative pickup in US spot demand. The metric, which compares Bitcoin prices on Coinbase to offshore exchanges like Binance, has rebounded from a low of -175 on February 2 to +25.4, while some analysts still warn the price could drop toward $50,000 based on its 300-week EMA pattern. This shift suggests US investors may be slowly accumulating again, even as technical signals leave room for further downside before a clear market bottom is formed.

As of March 15, 2026, Chainlink's LINK token is consolidating around $9.27 while social engagement has surged by nearly 500%. Technical signals on LINK/USD and LINK/BTC pairs, including bullish divergences and a trendline breakout, align with growing institutional integrations such as Fidelity and SWIFT using Chainlink infrastructure. This combination points to a potential accumulation phase even as price action remains relatively flat.

On Sunday, Bitcoin traded above $70,000 as bulls aimed to secure a weekly close that keeps the price above the 200-week exponential moving average and the former 2021 all-time high. The market remained more than 8% higher for the week, while analysts described repeated selling above $70,000 as consistent profit-taking within a broader range between $54,400 and $78,400.

Bitcoin recently failed to clear the $74,000 resistance and is now trading near $70,000 with limited bullish momentum. Analyst Ali Martinez highlighted on March 14 that the MVRV Z-Score, currently around 0.469 and historically important near -0.262, suggests the market could see further downside before a durable local bottom forms. Bitcoin is priced around $71,480, up over 1% in 24 hours and more than 6% over the past week.

A new wallet has opened a 10x leveraged long worth about $2.27M on 251,798 Chainlink tokens, with liquidation set near $6.5547, underscoring strong directional conviction. LINK has now broken out of a descending channel, is trading around $9 with support near $8.45, and faces key resistance at $9.60 while derivatives data show Binance’s top traders and recent short liquidations skewed toward the bullish side.

On 15 March 2026, Strategy chairman Michael Saylor reiterated the firm's commitment to accumulating Bitcoin, sharing a chart that tracks 102 separate BTC purchases. Strategy now holds 738,731 BTC valued at roughly $53.05 billion at a market price near $71,700, while its average entry cost stands around $75,863 per coin and Bitcoin trades in a consolidation range with neutral technical indicators.

In the last 24 hours, Sonic's S token climbed over 11% and moved above a short-term range, with traders watching the $0.05 level as key resistance. On-chain data showed more than 8,000 new addresses and a unique address count of 6,363,244, while Binance staked 76 million S tokens, even as daily transactions, fees and some activity metrics declined.

On-chain metrics indicate that Ethereum is moving into an undervalued zone, with CryptoQuant analyst Burak Kesmeci highlighting an MVRV ratio of 0.9 as a sign that ETH is becoming relatively cheap. However, Kesmeci also points to the Realized Price Bands, suggesting Ethereum could still fall over 40% toward the lower band around $1,152 before the bear phase concludes. At the same time, prediction market data shows rising odds that ETH could lose its position as the second-largest crypto asset by market cap, even as its price trades near $2,090 with a valuation above $253.1 billion.

As of March 14, prediction data from Polymarket indicates traders most frequently price XRP around $1.60 by the end of March, with a 41% probability and limited odds of the token breaking above $2. At press time, XRP trades near $1.41, below its 50-day and 200-day SMAs, while on-chain activity on the XRP Ledger and cumulative ETF inflows of about $1.4 billion point to growing network and investment interest.