Bitcoin attempted to break past $76,000 last week and $72,000 just days ago, but faced rejection at both price points, leading to a drop to a four-week low of $65,500 on Friday.

While it has made some recovery and is currently trading above $66,000, many analysts on social media remain skeptical, predicting at least one more decline.

The Current Situation

Michaël van de Poppe, a prominent market analyst, warned that Bitcoin is in a fragile state. He stated, “Bitcoin is not looking great.” In a post, he detailed that the cryptocurrency is following a trend that may lead to further decreases, and he expects it to linger at current levels before potentially testing lower prices.

He pointed out that the $60,000 level will be critical and could be an optimal entry point for long positions. Another analyst, Jelle, suggested he would consider buying Bitcoin if it dips further to around $50,000.

Van de Poppe emphasized that his analysis would change should BTC decisively break above $71,000, stating it would indicate a significant shift.

“#Bitcoin is not looking great. This is the same situation as before during earlier consolidations. It will likely hover around this level before possibly heading lower. If this occurs, targeting $60K would be ideal for those looking to go long.”
— Michaël van de Poppe (@CryptoMichNL), March 28, 2026

CryptoQuant also recently commented on Bitcoin’s potential bottom, indicating it’s too soon to confirm whether the cryptocurrency has bottomed out, as vital signals indicating a long-term trend reversal have not yet appeared.

Future Predictions

Altcoin Sherpa echoed van de Poppe’s observations, suggesting Bitcoin might experience temporary relief but could eventually test the $62,000 mark.

Merlijn The Trader weighed in on Bitcoin’s performance, noting it has dipped into the lower boundary of the “DCA Zone.” Historical patterns indicate that Bitcoin has not stayed in this area for long and has often rebounded significantly in the past. If Bitcoin falls below this zone, it would be unprecedented.

“Bitcoin just touched the DCA zone for the fourth time. In 2015, it bounced from the green zone to a 100x rise, in 2019 to 20x, and in 2023 to 5x. If it holds, the expansion phase will open; if it loses this support, it will be a historic first.”
— Merlijn The Trader (@MerlijnTrader), March 28, 2026