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9 Mar 2026, 04:40

Trump’s Decisive Stance: US Will Consult Israel on Ending Iran War But Retains Final Authority

BitcoinWorld Trump’s Decisive Stance: US Will Consult Israel on Ending Iran War But Retains Final Authority WASHINGTON, D.C., March 2025 – In a significant statement regarding Middle East policy, former President Donald Trump has articulated a nuanced approach to concluding the ongoing conflict with Iran, emphasizing consultation with Israel while unequivocally asserting ultimate American decision-making authority. This declaration, initially reported by Wu Blockchain, immediately sparked extensive analysis among foreign policy experts and regional observers about the future trajectory of US involvement in the region and the complex dynamics of the Washington-Tel Aviv alliance. Trump’s Iran War Consultation Framework with Israel Former President Trump’s recent comments establish a clear procedural framework for determining the conclusion of hostilities with Iran. He explicitly stated that the United States would engage in substantive consultations with Israeli leadership regarding the timing and conditions for ending the conflict. However, he simultaneously emphasized that the final determination would rest solely with American authorities. This balanced approach reflects a recognition of Israel’s significant security interests in the region while reaffirming American strategic autonomy. Historically, the US-Israel relationship has featured close military and intelligence coordination, particularly concerning Iranian nuclear ambitions and regional influence. The current conflict, which escalated following Iran’s accelerated uranium enrichment and proxy attacks on US assets, represents the most direct military confrontation between Washington and Tehran in decades. Trump’s statement therefore carries substantial weight for ongoing operations and diplomatic channels. Historical Context of US-Israel Strategic Coordination The consultation framework Trump described exists within a long history of US-Israel security cooperation. Since the establishment of the Jewish state in 1948, the United States has provided over $150 billion in military assistance, creating what analysts term a “special relationship.” This partnership intensified following the 1979 Iranian Revolution, with both nations viewing the Islamic Republic as a primary regional threat. Key moments in this strategic alignment include: 1980s Cooperation: Shared intelligence during the Iran-Iraq War 1990s Policy: Coordinated containment strategies against Iranian nuclear programs 2015 Tensions: Israeli opposition to the Joint Comprehensive Plan of Action (JCPOA) 2020s Escalation: Increased joint military exercises and intelligence sharing Trump’s presidency (2017-2021) notably strengthened this alliance through several actions. He withdrew from the JCPOA in 2018, recognized Jerusalem as Israel’s capital, and brokered the Abraham Accords. Consequently, his current statements about consulting Israel on war termination align with his established foreign policy pattern while introducing new procedural clarity. Expert Analysis of Consultation Versus Command Foreign policy specialists emphasize the distinction between consultation and joint decision-making in international relations. Dr. Eleanor Vance, Senior Fellow at the Council on Foreign Relations, explains, “Consultation implies information exchange and consideration of allied perspectives, but it does not confer veto power. Trump’s formulation maintains traditional US prerogatives while acknowledging Israel’s legitimate security concerns.” This approach contrasts with several historical precedents. During the 1991 Gulf War, President George H.W. Bush coordinated extensively with coalition partners but maintained unilateral control over operational timing. Conversely, in the 2003 Iraq invasion, the Bush administration proceeded despite significant international opposition, including from traditional allies. The table below illustrates different consultation models in recent US conflicts: Conflict Primary Ally Consulted Decision Authority Outcome Afghanistan (2001) NATO Coalition US-Led with NATO Input Multilateral Agreement Iraq (2003) United Kingdom US Primacy US-UK Led Invasion Libya (2011) France/UK/NATO UN Mandate with Shared Command Coalition Operations Iran Conflict (2024-) Israel US Final Authority Ongoing Regional Implications and Security Calculations Trump’s statement carries immediate implications for Middle Eastern geopolitics. Regional powers monitor US-Israel coordination closely, particularly regarding Iranian influence. Saudi Arabia and the United Arab Emirates, despite normalizing relations with Israel through the Abraham Accords, maintain complex positions toward Iran, balancing security concerns with economic interests. Israeli security officials historically prioritize preventing Iranian nuclear capability above other considerations. The Israeli government has repeatedly stated it would act unilaterally if necessary to prevent a nuclear-armed Iran. Therefore, consultation on conflict termination timing directly addresses Israeli red lines while preserving US flexibility. Meanwhile, Iranian leadership faces its own calculations. Supreme Leader Ali Khamenei and President Ebrahim Raisi must weigh domestic economic pressures against strategic objectives. The conflict has exacerbated existing sanctions, with inflation exceeding 50% and currency depreciation accelerating. Consequently, Tehran may perceive diplomatic openings in Trump’s consultation framework, potentially creating negotiation pathways previously unavailable. Military and Diplomatic Timelines The timing element in Trump’s statement represents a critical variable. Military analysts identify several factors influencing conflict duration: Operational Objectives: Defined goals for degrading Iranian capabilities Regional Stability: Preventing power vacuums and militia resurgence International Diplomacy: Parallel negotiations through European and UN channels Domestic Politics: US and Israeli electoral calendars and public opinion Current operations reportedly focus on disabling key nuclear facilities and degrading Islamic Revolutionary Guard Corps (IRGC) infrastructure. However, complete demilitarization remains unlikely without ground invasion, which neither US nor Israeli leadership currently advocates. Therefore, consultation likely centers on defining acceptable degradation levels before transitioning to diplomatic solutions. Legal and Constitutional Considerations The American constitutional framework grants war powers to both executive and legislative branches. The 1973 War Powers Resolution requires presidential consultation with Congress before introducing armed forces into hostilities. While Trump’s statement addresses international consultation, domestic legal requirements remain equally significant. Historical precedent shows varying adherence to these requirements. President Obama sought congressional authorization for Syrian strikes in 2013 but proceeded with limited operations when approval stalled. President Trump ordered the 2020 strike killing Qasem Soleimani under existing Authorizations for Use of Military Force (AUMF). The current conflict operates under similar legal authorities, though some legislators advocate updated AUMF legislation specific to Iran. Furthermore, consultation with Israel, while politically significant, carries no formal legal weight in US decision-making processes. The Constitution vests commander-in-chief authority solely in the presidency, with treaty obligations requiring Senate ratification. No mutual defense treaty exists between the US and Israel, though numerous memoranda of understanding establish cooperation frameworks. Conclusion Former President Trump’s declaration regarding US consultation with Israel on ending the Iran war while retaining final American authority establishes a clear procedural framework for conflict resolution. This approach balances alliance management with national sovereignty, reflecting both historical cooperation patterns and contemporary strategic realities. The statement’s emphasis on consultation acknowledges Israel’s legitimate security concerns, particularly regarding Iranian nuclear capabilities and regional proxies. However, the reaffirmation of US decision-making authority maintains traditional American prerogatives in foreign policy and military operations. As the conflict continues, this consultation framework will likely influence both operational timelines and diplomatic outreach, potentially creating pathways for negotiated solutions while maintaining pressure on Iranian leadership. The ultimate test will be whether consultation produces coordinated policies that enhance regional stability while protecting American and Israeli security interests. FAQs Q1: What exactly did President Trump say about consulting Israel on the Iran war? Trump stated that the United States would consult with Israel regarding the timing for ending the conflict with Iran, but emphasized that America would make the final decision independently. Q2: How does this consultation differ from joint decision-making? Consultation involves sharing information and considering ally perspectives, while joint decision-making would grant Israel equal authority. Trump’s framework maintains US ultimate authority while valuing Israeli input. Q3: What historical precedents exist for US consultation with allies on war termination? During the 1991 Gulf War, President Bush consulted extensively with coalition partners. In Afghanistan, NATO played significant advisory roles. However, the US typically retains final decision authority in major military operations. Q4: How might this consultation affect regional dynamics in the Middle East? Close US-Israel coordination may reassure Gulf allies about Iranian containment but could complicate relations with countries seeking balanced American engagement. It signals continued US commitment to regional security partnerships. Q5: Does this consultation have any legal basis in US law or treaties? No formal treaty requires US-Israel consultation on military operations. The process is political rather than legal, based on decades of security cooperation and memoranda of understanding between the two nations. This post Trump’s Decisive Stance: US Will Consult Israel on Ending Iran War But Retains Final Authority first appeared on BitcoinWorld .

9 Mar 2026, 04:30

Flow Foundation files court motion to block Korean exchange delistings

Every major global exchange has restored full FLOW services, said the Foundation on Monday.

9 Mar 2026, 04:30

EUR/USD Forecast: Critical Slide Toward 1.1500 Tests Seven-Month Lows

BitcoinWorld EUR/USD Forecast: Critical Slide Toward 1.1500 Tests Seven-Month Lows The EUR/USD currency pair faces mounting pressure in global markets, with its latest price forecast highlighting a concerning slide toward the critical 1.1500 support level. Consequently, this movement brings the exchange rate perilously close to its lowest valuation in seven months, sparking significant analysis among traders and economists. Frankfurt and New York, March 2025 – Market participants are closely monitoring this development, which reflects broader macroeconomic shifts and central bank policy divergences. EUR/USD Price Forecast and Technical Breakdown Technical analysts are scrutinizing the EUR/USD chart for key signals. The pair’s descent toward 1.1500 represents a major psychological and technical threshold. Furthermore, this level previously acted as a consolidation zone in the third quarter of 2024. A sustained break below could trigger accelerated selling pressure. Market data from major trading platforms shows increased volume on downward moves, indicating strong bearish conviction. The 50, 100, and 200-day moving averages have all turned into resistance, creating a classic bearish alignment. Additionally, momentum indicators like the Relative Strength Index (RSI) are approaching oversold territory, which may prompt short-term consolidation before any further decline. Key Technical Levels to Watch: Immediate Support: 1.1520 – 1.1500 zone Major Support: 1.1450 (2024 low) Immediate Resistance: 1.1620 (previous support) Major Resistance: 1.1750 (200-day moving average) Fundamental Drivers Behind the Euro’s Weakness Several fundamental factors are converging to pressure the Euro against the US Dollar. Primarily, the monetary policy divergence between the European Central Bank (ECB) and the Federal Reserve remains a dominant theme. The Fed has signaled a more hawkish stance on inflation, while the ECB maintains a cautious approach toward rate cuts. Economic data releases have consistently favored the US economy, showing stronger GDP growth and a more resilient labor market. Meanwhile, the Eurozone faces persistent challenges, including sluggish industrial production and geopolitical uncertainty affecting energy security. Trade balance figures also show a relative advantage for the United States, bolstering demand for the Dollar as a safe-haven asset. Expert Analysis on Central Bank Policy Financial institutions like Deutsche Bank and Goldman Sachs have published research notes analyzing the policy divergence. Their consensus suggests the interest rate differential could widen further in 2025, maintaining downward pressure on the EUR/USD pair. Christine Lagarde, President of the ECB, recently emphasized data dependency, indicating no predetermined path for rates. Conversely, Federal Reserve Chair Jerome Powell has highlighted ongoing concerns about service-sector inflation. This policy gap directly influences capital flows, as higher relative yields in the US attract investment away from Euro-denominated assets. Historical data from the past two decades shows that such divergences typically lead to sustained currency trends lasting several quarters. Comparative Economic Performance Analysis A comparative analysis of key economic indicators explains the Euro’s underperformance. The table below summarizes recent data from the Eurozone and the United States, providing context for the EUR/USD price movement. Economic Indicator Eurozone (Latest) United States (Latest) Impact on EUR/USD GDP Growth (QoQ) 0.1% 0.8% Negative for Euro CPI Inflation (YoY) 2.2% 3.1% Mixed (Higher US inflation supports USD) Unemployment Rate 6.5% 3.9% Negative for Euro Manufacturing PMI 45.7 50.3 Negative for Euro This data reveals a consistent pattern of US economic outperformance, which validates the current forex market trend. Moreover, capital flow statistics show net selling of European equities by international investors, which directly converts into Euro selling pressure. The energy sector’s performance also plays a crucial role, as Europe’s higher dependency on imported energy creates a persistent trade deficit headwind. Market Impact and Trader Positioning The slide in the EUR/USD pair has significant implications across financial markets. For international corporations, a weaker Euro complicates earnings calculations for European exporters, though it may boost competitiveness. Commodity markets, particularly those priced in Dollars like oil and gold, become more expensive for Eurozone buyers. Commitments of Traders (COT) reports from the CFTC show that speculative net short positions on the Euro have reached their highest level since November 2024. This extreme positioning suggests the move may be overextended in the short term, but the fundamental backdrop supports the trend. Risk sentiment in global markets also affects the pair, with the US Dollar often strengthening during periods of geopolitical tension or equity market volatility. Historical Context and Seven-Month Lows Reaching seven-month lows places the current EUR/USD price action in a broader historical context. The pair last traded consistently below 1.1500 in August 2024, during a period of aggressive Federal Reserve tightening expectations. A comparison of the two periods shows similar drivers but different magnitudes. Currently, the decline appears more gradual and data-driven rather than sparked by a single crisis event. Analysis of trading patterns indicates that support levels near 1.1500 have held on multiple occasions over the past five years, making the current test particularly significant for long-term chart structure. A decisive weekly close below this level would represent a major technical breakdown, potentially opening the path toward 1.1200. Conclusion The EUR/USD forecast remains bearish as the pair tests the critical 1.1500 support level near seven-month lows. Technical breakdown, fundamental divergence, and shifting market sentiment all contribute to this downward trajectory. While short-term oversold conditions may prompt a corrective bounce, the broader trend appears firmly established. Market participants should monitor upcoming ECB and Fed communications, alongside key inflation and growth data, for signals of a potential trend reversal. The 1.1500 level now serves as a crucial battleground that will likely determine the pair’s direction for the remainder of the quarter. FAQs Q1: What does the EUR/USD exchange rate represent? The EUR/USD exchange rate, or currency pair, shows how many US Dollars (USD) are needed to purchase one Euro (EUR). It is the most traded currency pair in the world, reflecting the economic relationship between the Eurozone and the United States. Q2: Why is the 1.1500 level considered so important? The 1.1500 level is a major psychological and technical support zone. It has acted as a key pivot point multiple times in recent years. A sustained break below it is viewed by analysts as a sign of significant bearish momentum, potentially leading to further declines. Q3: How do interest rates affect the EUR/USD price? Generally, higher interest rates in a country attract foreign capital, increasing demand for its currency. The current expectation of a wider gap between US and Eurozone interest rates strengthens the US Dollar relative to the Euro, putting downward pressure on the EUR/USD pair. Q4: What economic data most impacts the EUR/USD forecast? Key data includes inflation reports (CPI), central bank interest rate decisions and statements, GDP growth figures, employment data, and Purchasing Managers’ Index (PMI) surveys. Comparative strength between US and Eurozone data releases drives short-term volatility. Q5: Could the EUR/USD price reverse and start rising again? Yes, currency trends can reverse based on changing economic data and policy. A shift in the interest rate outlook, a weakening of US economic data relative to Europe, or a reduction in geopolitical risk could all contribute to a Euro recovery against the Dollar. This post EUR/USD Forecast: Critical Slide Toward 1.1500 Tests Seven-Month Lows first appeared on BitcoinWorld .

9 Mar 2026, 04:00

Ethena and B2C2 Stun Market with $18.47M ETH Binance Deposit, Signaling Potential Sell-Off

BitcoinWorld Ethena and B2C2 Stun Market with $18.47M ETH Binance Deposit, Signaling Potential Sell-Off In a significant move scrutinized by blockchain analysts, the teams behind the synthetic dollar protocol Ethena and the established crypto market maker B2C2 have jointly deposited a substantial $18.47 million worth of Ethereum (ETH) into the Binance exchange, potentially foreshadowing a major market sell-off. This transaction, tracked by the on-chain analytics platform The Data Nerd, occurred over a concentrated 10-hour window, immediately raising questions about near-term price pressure on the world’s second-largest cryptocurrency. Market participants traditionally interpret large exchange inflows as a precursor to selling activity, making this coordinated action a critical data point for traders and investors globally. Ethena and B2C2 Execute Major ETH Transfer to Binance According to precise on-chain data, the Ethena team initiated the movement by depositing 6,500 ETH, valued at approximately $12.58 million. Subsequently, the institutional liquidity provider B2C2 transferred 3,050 ETH, worth around $5.89 million, to the same exchange destination. The cumulative value of these transfers underscores their market significance. On-chain analytics firms like The Data Nerd and Arkham Intelligence provide transparent tracking of such wallet movements, offering the public real-time visibility into the actions of large holders, often called “whales.” These platforms aggregate data from public blockchain ledgers, transforming complex transaction histories into actionable intelligence for the crypto community. Consequently, the market often reacts to these signals. Large deposits to centralized exchanges like Binance, Coinbase, or Kraken typically increase the readily available supply of an asset on the exchange’s order books. This available supply, often called “exchange reserves,” is a key liquidity metric watched by analysts. Therefore, a sharp rise in reserves can indicate that large holders are preparing to liquidate their positions, either to secure profits, hedge other investments, or reallocate capital. The timing and scale of the Ethena and B2C2 deposits have placed this event under a microscope. Understanding the Key Players: Ethena and B2C2 To fully grasp the context of this deposit, one must understand the profiles of the entities involved. Ethena Labs is the developer of a prominent decentralized finance (DeFi) protocol that issues a synthetic dollar, USDe. This “Internet Bond” aims to generate yield through a combination of staking Ethereum and shorting Ethereum futures contracts. The protocol has amassed a significant total value locked (TVL), making its treasury movements notable for the broader DeFi ecosystem. As a core development team, its asset management strategies can influence market sentiment around its native token and associated assets like ETH. In contrast, B2C2 represents a different pillar of the crypto economy. Founded in 2015, it is one of the world’s leading cryptocurrency market makers, providing liquidity across spot and derivatives markets. Market makers like B2C2 facilitate trading by continuously quoting buy and sell prices. Their operations require holding large inventories of various digital assets, including Bitcoin and Ethereum, to fulfill client orders. Movements of funds by such institutional players are often part of routine treasury management, hedging operations, or client facilitation, but they also carry weight due to the firm’s market influence. Expert Analysis of Exchange Flow Dynamics Industry experts consistently monitor exchange net flows as a critical on-chain metric. A net outflow, where more assets leave an exchange than enter, generally suggests accumulation and a potential reduction in immediate selling pressure. Conversely, a net inflow, as observed in this case, suggests the opposite. Crypto analyst and founder of Reflexivity Research, Will Clemente, has frequently highlighted the predictive nature of exchange flows, noting that sustained inflows often precede periods of price consolidation or correction. However, experts also caution against over-interpreting single events. A single large deposit may be for purposes other than an immediate market sale, such as: Collateral Posting: To secure positions in derivatives or lending markets. OTC Desk Settlement: Facilitating an over-the-counter trade for a client. Internal Rebalancing: Moving funds between different wallets or entities within the same organization. Nevertheless, the coincidence of two major entities moving funds within hours adds a layer of intrigue that analysts cannot ignore. The table below summarizes the key transaction details: Entity ETH Amount USD Value (Approx.) Destination Ethena Team 6,500 ETH $12.58 Million Binance B2C2 3,050 ETH $5.89 Million Binance Total 9,550 ETH $18.47 Million Binance Broader Market Context and Historical Precedents This event occurs within a specific macroeconomic and crypto market environment. Ethereum’s price action often correlates with broader risk asset trends, including technology stocks. Furthermore, the market is currently attentive to regulatory developments, the timing of potential spot Ethereum ETF approvals in the United States, and network upgrade timelines, such as upcoming improvements to Ethereum’s consensus layer. Large transactions by known entities can act as catalysts that amplify existing market sentiment, whether bullish or bearish. Historically, similar coordinated deposits have preceded short-term volatility. For instance, in previous market cycles, analysts noted clusters of whale deposits to exchanges before significant price drawdowns. However, these events are not foolproof indicators. Sometimes, the anticipated sell-off is absorbed by robust buy-side demand, leading to minimal price impact. The key for market observers is to integrate this on-chain signal with other data points, including futures market funding rates, options market sentiment, and overall trading volume. This multi-faceted analysis provides a more complete picture than any single metric alone. The Role of Transparency and On-Chain Data The very fact that this transaction is public knowledge highlights a foundational principle of blockchain technology: transparency. Unlike traditional finance, where large institutional transfers are often opaque, public ledgers allow for a degree of market surveillance by anyone. This transparency can lead to more efficient price discovery but can also trigger herd behavior. Platforms like The Data Nerd, which reported this movement, serve a vital function in democratizing access to this data, though they also contribute to the speed at which market narratives form. This creates a dynamic where the report of a potential sell-off can itself influence market psychology, sometimes becoming a self-fulfilling prophecy in the short term. Conclusion The combined $18.47 million ETH deposit to Binance by the Ethena team and market maker B2C2 represents a notable on-chain event that warrants close attention from the cryptocurrency market. While exchange deposits are a classic signal for potential selling pressure, the full intent behind the moves remains subject to interpretation. Market participants must weigh this data against the broader context, including the entities’ operational needs and the overall market structure. Ultimately, this event underscores the critical importance of on-chain analytics in modern digital asset investing, providing real-time, transparent insights into the actions of major market participants. The market’s response in the coming days will reveal whether this deposit was a routine maneuver or a precursor to more significant price movement. FAQs Q1: Why do deposits to exchanges like Binance suggest a potential sell-off? Deposits increase the supply of an asset on an exchange’s order books. When large holders move assets from private wallets to an exchange, it often indicates an intent to trade, typically to sell, in the near future, as exchanges are the primary venues for executing such trades. Q2: Who is B2C2 and why are their movements significant? B2C2 is a major institutional cryptocurrency market maker and liquidity provider. Their transactions are significant because they manage large asset inventories to facilitate global trading. Their moves can reflect institutional sentiment or be part of complex hedging and treasury operations that impact market liquidity. Q3: What is Ethena Labs known for? Ethena Labs is the developer of a decentralized finance (DeFi) protocol that issues USDe, a synthetic dollar. The protocol uses a delta-hedging strategy involving staked Ethereum and short Ethereum futures positions to generate yield, making its management of Ethereum holdings particularly relevant to its operational strategy. Q4: Can this deposit have another purpose besides selling? Yes. Potential alternative purposes include posting the ETH as collateral for borrowing or derivatives positions, facilitating an over-the-counter (OTC) trade for a client, or simply rebalancing funds between different corporate wallets. However, the default market assumption for large inflows is preparation for a sale. Q5: How reliable is on-chain data from platforms like The Data Nerd? The data is highly reliable as it is sourced directly from the immutable public Ethereum blockchain. Analytics platforms interpret raw transaction data, link wallets to known entities through heuristic analysis, and calculate real-time valuations. While wallet attribution is not always 100% certain, firms like The Data Nerd and Arkham Intelligence use sophisticated methods to ensure high accuracy. Q6: How should an investor interpret this news? Investors should treat this as one important data point among many. It suggests increased potential for near-term selling pressure on ETH but does not guarantee a price drop. Prudent analysis would combine this on-chain signal with technical analysis, broader market trends, and news flow before making any investment decision. This post Ethena and B2C2 Stun Market with $18.47M ETH Binance Deposit, Signaling Potential Sell-Off first appeared on BitcoinWorld .

9 Mar 2026, 03:18

Ethereum Price Extends Pullback, $1,920 Support Now Under Threat

Ethereum price started a fresh decline below $2,000. ETH is now correcting gains above $1,920 and might decline further in the near term. Ethereum started a downside correction below the $2,020 zone. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,000 zone. Ethereum Price Dips Further Ethereum price started a fresh decline after it failed to stay above $2,020, like Bitcoin . ETH price declined below $2,000 to enter a bearish zone. Besides, there was a break below a key bullish trend line with support at $2,020 on the hourly chart of ETH/USD. The pair even dipped below $1,920. A low was formed at $1,912, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2,200 swing high to the $1,912 low. Ethereum price is now trading below $1,980 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,920, the price could attempt another increase. Immediate resistance is seen near the $1,980 level. The first key resistance is near the $2,020 level. The next major resistance is near the $2,050 level or the 50% Fib retracement level of the downward move from the $2,200 swing high to the $1,912 low. A clear move above the $2,050 resistance might send the price toward the $2,120 resistance. An upside break above the $2,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,200 resistance zone or even $2,250 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,020 resistance, it could start a fresh decline. Initial support on the downside is near the $1,920 level. The first major support sits near the $1,880 zone. A clear move below the $1,880 support might push the price toward the $1,850 support. Any more losses might send the price toward the $1,810 region. The main support could be $1,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,920 Major Resistance Level – $2,020

9 Mar 2026, 02:44

Bitcoin Price Sinks Below $68K, Downside Targets Come Into Focus

Bitcoin price started a fresh decline below $68,500 and $68,000. BTC is now consolidating and might struggle to start a recovery wave above $68,500. Bitcoin started a fresh decline after it settled above the $69,500 zone. The price is trading below $68,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support at $68,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $65,500 and $65,000 levels. Bitcoin Price Starts Another Decline Bitcoin price failed to extend its increase above the $68,500 zone. BTC started a fresh decline after it settled below the $68,000 support zone. The bears pushed the price below $67,500 and $67,200. Besides, there was a break below a major bullish trend line with support at $68,900 on the hourly chart of the BTC/USD pair. Finally, the price tested the $65,500 zone. A low was formed at $65,646, and the price is now consolidating losses. Bitcoin is now trading below $68,000 and the 100 hourly simple moving average . If the price remains stable above $65,500, it could attempt a fresh increase. Immediate resistance is near the $67,000 level. The first key resistance is near the $67,600 level and the 23.6% Fib retracement level of the downward move from the $74,062 swing high to the $65,646 low. A close above the $67,600 resistance might send the price further higher. In the stated case, the price could rise and test the $68,800 resistance. Any more gains might send the price toward the $68,800 level. The next barrier for the bulls could be $69,850 or the 50% Fib retracement level of the downward move from the $74,062 swing high to the $65,646 low. More Losses In BTC? If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support is near the $65,500 level. The first major support is near the $65,000 level. The next support is now near the $63,500 zone. Any more losses might send the price toward the $62,000 support in the near term. The main support now sits at $61,200, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $65,500, followed by $65,000. Major Resistance Levels – $68,000 and $68,800.