Technical Analysis

Over the past week, Bitcoin’s price rallied back to the psychologically important $70,000 zone and briefly touched around $74,000 by Friday. However, on March 13, analyst Darkfost highlighted that Binance funding rates fell below -0.006 on March 10 and 11, showing heavy short positioning and cautious sentiment. This extreme bearish stance could set the stage for a potential short squeeze if BTC can maintain its recent upward momentum, with the price last seen near $70,852 after a 1.09% daily loss.

Analyst Merlijn The Trader argues that bitcoin's current structure mirrors late-2022 price action that preceded a move from $15,000 to $73,000, implying a potential 385% rally above $300,000 if the pattern plays out. He contends that BTC must hold the $65,000 level to complete its base, while another analyst, Doctor Profit, views the recent rise to $74,000 as a temporary "fake pump" before new lows. Bitcoin has twice been rejected at $74,000 in roughly ten days and is now struggling to stay above $70,000 amid a market still dominated by fear.

Large Ethereum holders recently withdrew over 39,700 ETH worth about $75M from major exchanges while ETH traded near $2,089. With price consolidating between $1,807 and $2,152 and a liquidity cluster forming around $2,150, tightening exchange supply and bullish indicators point to an ongoing accumulation phase.

World Liberty Financial's WLFI token saw daily trading volume jump 166% while price gained just 0.39% over 24 hours, amid a 4.35% intraday pullback in Bitcoin. The token was rejected near a local supply zone and the 78.6% Fibonacci retracement level, with technical indicators and Fibonacci projections pointing to a continuation of the prevailing downtrend.

Bitcoin climbed 4% on Friday to retest the $74,000 resistance level before pulling back to around $72,215 near the top of its consolidation range. According to analyst Sunny Mom, on-chain indicators such as the 6–12 month holder cohort's losses, an MVRV ratio near 1.2, and a low long-term holder share of Realized Cap suggest the market remains in a stress phase without a firm structural bottom. She outlines scenarios from a sharp capitulation drop to an extended trading band between $60,000 and $80,000, with volatility expected inside the $60,000 to $70,000 zone.

Bitcoin sharply reversed on Thursday, climbing back to roughly $73,300 with a 4.5% gain over 24 hours after previously trading in the high $60,000 range. More than $246 million in crypto futures positions were liquidated as a short squeeze unfolded, with open interest across major exchanges staying near $48 billion and CME Bitcoin futures accounting for about $7.9 billion. Despite geopolitical tensions and shifting macro conditions, Bitcoin held firm while institutional demand via spot ETFs continued to support the market.

Cardano's ADA has climbed from a cycle low near $0.2194 to trade around $0.28, forming higher lows while testing resistance between $0.287 and $0.302. Large holders recently trimmed about 130 million ADA from wallets over 1 million coins, even as retail traders accumulated and technical indicators pointed to strong but potentially overextended bullish momentum. A clear move above the $0.2849–$0.302 area could open the way toward $0.2970, while failure may see price slide back toward $0.254–$0.270 support.

Bittensor's TAO token climbed 15% in 24 hours, becoming one of the strongest performers as buyers took control in both spot and derivatives markets. Open interest in TAO futures exceeded $210 million, reaching its highest level since early January and aligning with visible whale accumulation. With price breaking above $212.62 and holding over the 50-day EMA, bulls are eyeing the imbalance area near $262 as a potential next target.

Dogecoin defended the $0.088 support and gained about 15% over five days, with prices challenging the $0.10 local lower high. Analysts note that a move above $0.127 would be required to shift the broader trend upward, while liquidity between $0.105 and $0.11 could still attract price before another bearish phase. DOGE may consolidate in a potential range roughly bounded by $0.088 and just above $0.10.

On-chain analytics firm Glassnode has outlined how a reversal in Bitcoin short-term holder profitability could be necessary for a durable price rebound. The firm notes that the share of short-term holder supply in profit has dropped below 50% since a bearish turn in Q4 2025, indicating stress among newer market entrants. Past instances where this metric moved back above 50% coincided with renewed rallies, while Bitcoin is currently attempting to reclaim the $72,000 level after a 3% daily gain.