hodler

24 Mar 2026, 06:53

Shiba Inu Records Death Cross, but Price Bounces 5% Instead

Shiba Inu has printed a concerning signal on a short-term timeframe, but its price has shown resilience, mirroring a broader market trend. Chart analysis highlights a death cross on the Shiba Inu (SHIB) 1-hour chart after prices slumped briefly on the geopolitical crisis in the Middle East. Visit Website

24 Mar 2026, 06:50

NZD/USD Plummets: Critical Rejection from 200-Day SMA Sends Kiwi to 0.5825 as Dollar Dominates

BitcoinWorld NZD/USD Plummets: Critical Rejection from 200-Day SMA Sends Kiwi to 0.5825 as Dollar Dominates The New Zealand dollar extended its rejection slide from the critical 200-day Simple Moving Average on Thursday, declining to 0.5825 against the US dollar as broader greenback strength pressured commodity-linked currencies. This technical development marks a significant setback for the Kiwi, which had attempted to breach a key resistance level earlier in the trading session. Market analysts now scrutinize whether this rejection signals a deeper correction or a temporary consolidation phase. NZD/USD Technical Breakdown: The 200-Day SMA Rejection The 200-day Simple Moving Average represents a crucial long-term trend indicator that forex traders monitor closely. When the NZD/USD pair approached this level, it encountered substantial selling pressure that pushed prices lower. This rejection pattern typically signals that bearish sentiment remains dominant despite recent recovery attempts. Technical analysts note that the failure to sustain above this moving average often precedes further declines. Several technical factors contributed to this rejection slide. First, the pair faced immediate resistance at the 0.5900 psychological level. Second, momentum indicators showed divergence with price action. Third, trading volume increased significantly during the rejection. These technical signals collectively suggested that institutional traders were taking profits or establishing short positions at the resistance level. US Dollar Strength Drives Currency Movements The US dollar index (DXY) strengthened significantly during the Asian and European trading sessions, creating headwinds for most major currency pairs. Several fundamental factors supported this dollar strength. Federal Reserve officials maintained a relatively hawkish tone in recent comments. Additionally, economic data from the United States showed continued resilience in certain sectors. Consequently, interest rate differentials continued to favor the US dollar over the New Zealand dollar. Market participants closely monitored several key developments. The Federal Reserve’s monetary policy stance remained a primary driver. Geopolitical tensions in certain regions increased demand for safe-haven assets. Furthermore, shifting expectations about global growth trajectories influenced currency flows. These factors collectively created an environment where dollar strength pressured emerging market and commodity currencies. Expert Analysis: Institutional Perspectives on the Move Senior currency strategists at major financial institutions provided context for this movement. “The rejection from the 200-day SMA represents a technically significant development,” noted one analyst from a global investment bank. “This level had served as support during previous rallies, so its failure to act as resistance now suggests underlying weakness in the Kiwi’s recovery narrative.” Another analyst highlighted the macroeconomic backdrop. “New Zealand’s economic indicators have shown mixed signals recently,” they explained. “While some domestic data points have been positive, external factors including China’s economic performance and global commodity prices create uncertainty for the export-dependent economy.” These expert perspectives help contextualize the technical price action within broader market fundamentals. Historical Context and Comparative Analysis Historical data reveals patterns in how the NZD/USD pair interacts with the 200-day SMA. During the past five years, sustained breaks above this moving average have typically signaled trend reversals. Conversely, rejections have often preceded declines of 3-5% over subsequent weeks. The current rejection occurs within a broader context of dollar strength that has persisted for several quarters. Comparative analysis with other currency pairs shows similar patterns. The Australian dollar, often correlated with the New Zealand dollar, also faced resistance at key technical levels. Meanwhile, commodity currencies generally underperformed against the dollar during this period. This broader pattern suggests that global rather than New Zealand-specific factors may be driving the movement. Market Impact and Trader Positioning Commitments of Traders reports from major exchanges revealed shifting positioning ahead of this move. Institutional traders had increased their net short positions on the New Zealand dollar in recent weeks. Retail trader sentiment, meanwhile, showed increased bullishness just before the rejection. This divergence between institutional and retail positioning often precedes significant market moves. The immediate market impact included increased volatility in New Zealand dollar crosses. The NZD/JPY pair showed particular sensitivity to the move. Additionally, options markets reflected increased demand for downside protection on the NZD/USD pair. These market dynamics suggest that participants anticipate potential further weakness rather than viewing this as a temporary correction. Key Technical Levels and Future Scenarios Traders now monitor several key technical levels following this rejection. Immediate support exists around 0.5800, a psychological level that has provided support previously. Below that, the 0.5750 level represents the next significant support zone. Resistance now clearly establishes at the 200-day SMA, currently around 0.5880-0.5900. Several scenarios could unfold from this technical setup. First, the pair might consolidate between 0.5800 and 0.5880 before choosing direction. Second, a break below 0.5800 could trigger further declines toward 0.5750. Third, an unexpected fundamental catalyst could push the pair back toward the 200-day SMA for another test. Market participants will monitor upcoming economic data releases for directional clues. Conclusion The NZD/USD pair’s rejection from the 200-day SMA and subsequent decline to 0.5825 represents a technically significant development in forex markets. This movement occurred amid broader US dollar strength driven by fundamental and technical factors. Traders should monitor key support levels around 0.5800 and 0.5750 for potential continuation of the downward move. The rejection from this critical moving average suggests that bearish sentiment remains prevalent despite recent recovery attempts in the New Zealand dollar. FAQs Q1: What does rejection from the 200-day SMA typically indicate for a currency pair? Technical analysts generally interpret rejection from the 200-day Simple Moving Average as a sign that the prevailing trend remains intact. For the NZD/USD, this suggests the broader downtrend may continue despite recent recovery attempts. Q2: What fundamental factors are supporting US dollar strength against the NZD? Several factors support dollar strength, including relatively hawkish Federal Reserve policy, safe-haven demand amid geopolitical uncertainty, and interest rate differentials that favor US assets over New Zealand investments. Q3: How significant is the 0.5825 level for NZD/USD? The 0.5825 level represents a recent low and psychological support area. A sustained break below this level could trigger further declines toward 0.5750, while holding above it might signal consolidation before another directional move. Q4: What economic data should traders watch for NZD/USD direction? Traders should monitor US inflation data, Federal Reserve communications, New Zealand employment figures, dairy auction results, and Chinese economic indicators due to New Zealand’s export relationships. Q5: How does this NZD/USD movement compare to other commodity currencies? The Australian dollar and Canadian dollar have shown similar patterns of struggling against US dollar strength, suggesting broader commodity currency weakness rather than New Zealand-specific issues. This post NZD/USD Plummets: Critical Rejection from 200-Day SMA Sends Kiwi to 0.5825 as Dollar Dominates first appeared on BitcoinWorld .

24 Mar 2026, 06:45

Silver Price Decline Resumes as Iran Rejects Critical De-Escalation Talks with US

BitcoinWorld Silver Price Decline Resumes as Iran Rejects Critical De-Escalation Talks with US Global silver markets faced renewed pressure on Tuesday, as the precious metal’s price decline resumed following Iran’s official dismissal of proposed de-escalation talks with the United States. This development, reported from financial hubs in London and New York, immediately shifted investor sentiment away from traditional safe-haven assets. Consequently, market analysts observed a sharp reversal in the early-week gains for silver. The geopolitical statement from Tehran introduced fresh uncertainty into commodity trading floors worldwide. This report examines the direct market reaction, the historical context of silver as a geopolitical barometer, and the potential implications for broader financial markets. Silver Price Decline Follows Geopolitical Headlines The spot price for silver fell by over 2.5% in European trading hours. This decline directly followed a statement from Iran’s foreign ministry. Officials in Tehran explicitly rejected an invitation for direct talks aimed at reducing regional tensions. Market data shows silver trading at $28.45 per ounce, down from a session high near $29.20. The sell-off accelerated during the North American market open. Trading volumes for silver futures on the COMEX exchange spiked by 35% above the 30-day average. This activity indicates a rapid repositioning by institutional investors. Typically, silver and gold attract bids during periods of geopolitical stress. However, the market’s interpretation of Iran’s stance suggested a different narrative was unfolding. Analysts pointed to a potential “risk-off” move into the US dollar instead. The DXY dollar index, a key benchmark, rallied by 0.8% concurrently. Historical data provides crucial context for this price action. For instance, silver often exhibits higher volatility than gold during political crises. The following table compares recent geopolitical events and silver’s 24-hour price reaction: Event Date Silver Price Change Iran Dismisses US Talks Current -2.5% Previous Regional Tension Spike Q4 2024 +3.8% Major Diplomatic Announcement Q2 2024 -1.2% This divergence highlights the market’s complex calculus. Factors beyond immediate headlines influence trader decisions. Key drivers currently include: US Treasury Yields: Rising yields increase the opportunity cost of holding non-yielding assets like silver. Dollar Strength: A stronger dollar makes dollar-priced commodities more expensive for foreign buyers. Industrial Demand Outlook: Silver has significant industrial uses, particularly in solar panels and electronics. ETF Flows: Holdings in major silver-backed ETFs saw slight outflows preceding the news. Analyzing the Iran-US Diplomatic Stalemate The core geopolitical event centers on a brief but significant diplomatic communication. The US State Department, via intermediaries, reportedly proposed a new channel for dialogue. This move aimed to address ongoing regional security concerns. Iran’s foreign ministry spokesperson, however, publicly characterized the offer as “not serious” and “detached from reality.” This rejection closed a window for near-term de-escalation that markets had cautiously priced in. Consequently, the immediate assumption was of prolonged stalemate rather than imminent conflict. This specific nuance is critical for commodity traders. A move toward war typically sparks a flight to safety. A move toward entrenched, non-violent hostility often has different effects. It can suppress industrial growth expectations and bolster the dollar’s safe-haven status. Expert Insight on Market Mechanics Dr. Anya Sharma, Head of Commodity Strategy at Global Markets Analysis LLP, provided context. “The market reaction today is a textbook example of ‘selling the rumor, buying the fact’ in reverse,” she explained. “Some positioning last week anticipated a diplomatic opening. Iran’s rejection unwound those bets. Furthermore, the response signals a preference for economic tools over military ones, which traders interpret as a stronger dollar environment.” Sharma’s team tracks capital flows between asset classes. They noted a simultaneous sell-off in silver and a rally in short-term US government debt. This correlation supports the dollar-strength thesis. Historical precedent also plays a role. During the 2012-2015 sanctions period, silver underperformed gold. This was due to its dual role as both a monetary and industrial metal. Slower global growth expectations weighed on the industrial component. Broader Impacts on Commodity and Currency Markets The silver price decline did not occur in isolation. It formed part of a broader commodity market adjustment. Brent crude oil prices also pared earlier gains, settling only 0.5% higher. This muted reaction in oil, another asset sensitive to Middle East tensions, confirmed the market’s specific read-through. Copper, a key industrial metal, traded flat. The relative stability in copper suggests the news was viewed as geopolitical rather than macroeconomic. Currency markets witnessed the most pronounced moves. The US dollar gained against a basket of major currencies. The Swiss franc and Japanese yen, other traditional safe havens, saw only modest inflows. This pattern indicates a concentrated move into dollar-denominated assets. Analysts at the Financial Analysis Bureau point to shifting interest rate expectations. Persistent geopolitical friction may allow the Federal Reserve to maintain a cautious policy stance. This scenario supports higher US interest rates relative to other economies, boosting the dollar. Market participants are now monitoring several key indicators: CFTC Commitment of Traders Reports: To see if managed money funds are increasing short positions in silver. Physical Market Premiums: Demand for physical silver coins and bars from retail investors. Central Bank Communications: Any mention of geopolitical risks in upcoming Fed or ECB minutes. Shipping Data: Activity in key global shipping lanes for signs of disruption. Conclusion The resumption of the silver price decline serves as a clear market verdict on the latest Iran-US diplomatic impasse. Traders interpreted Tehran’s rejection of talks as cementing a status quo of friction without immediate escalation. This environment favors the US dollar over precious metals like silver, leading to the observed sell-off. The reaction underscores silver’s sensitive position at the intersection of geopolitical sentiment, currency dynamics, and industrial demand. Moving forward, the trajectory for silver will depend heavily on whether the diplomatic stalemate persists or if new developments alter the risk calculus. For investors, this event highlights the importance of monitoring political rhetoric as closely as economic data in today’s interconnected commodity markets. FAQs Q1: Why did silver prices fall if there is geopolitical tension? Silver fell because the market interpreted Iran’s rejection of talks as leading to prolonged non-violent stalemate, not imminent conflict. This scenario often strengthens the US dollar, which pressures dollar-priced commodities like silver. Q2: What is the relationship between the US dollar and silver prices? They typically have an inverse relationship. Silver is priced in US dollars globally. When the dollar strengthens, it takes fewer dollars to buy an ounce of silver, all else being equal, which exerts downward price pressure. Q3: How does silver differ from gold as a safe-haven asset? Silver has significant industrial applications (e.g., electronics, solar panels), so its price is also tied to economic growth expectations. Gold is more purely a monetary metal. During periods of stagnation (slow growth + high tension), gold can outperform silver. Q4: Could this decline in silver be a buying opportunity? Market views are mixed. Some analysts see value if physical investment demand picks up. Others warn of further downside if the dollar continues to rally. It depends on one’s view of future dollar strength and global industrial activity. Q5: What other assets were affected by this news? The US dollar index rose significantly. Oil prices saw a muted increase, and major equity indices traded with slight negativity. Short-term US Treasury bonds also saw buying, pushing yields slightly lower. This post Silver Price Decline Resumes as Iran Rejects Critical De-Escalation Talks with US first appeared on BitcoinWorld .

24 Mar 2026, 06:41

TAO Price Rockets Past $305 as Targon Sparks Bittensor Boom

TAO’s price is up by more than 10% today, March 24, 2026. Targon subnet gains traction. Targon growth fuels TAO demand, as higher usage, staking, and network activity within Bittensor directly contribute to today’s price surge. Bittensor’s native token TAO, had surged more than 10% today, March 24, 2026, as per CoinMarketCap. With this surge, the token has managed to hit the $305 mark and surge has outpaced Bitcoin’s 2.47% gain. This surge underscores a powerful sector rotation into AI-focused cryptocurrencies, where Bittensor stands out as a decentralized AI infrastructure leader. At press time, the price of the token stands at $306.80 with a surge of 10.22% in the last 24-hours as per CoinMarketCap . TAO 24-hours chart Spot accumulation signals from exchange outflows and almost a 115% trading volume spike to $666 million confirm genuine buyer interest, reducing sell pressure and fueling upward momentum. Targon’s Confidential Compute Whitepaper Goes Live with Intel Collaboration Over a year in the making, Bittensor Subnet 4, Targon, revealed yesterday March 23, 2026, on social media platform X, a detailed new whitepaper which is co-authored with Intel engineers. The paper, “Decentralized Compute on Untrusted Hardware Using Intel® TDX and Encrypted CVMs,” is solving the core challenge of running trusted AI workloads on untrusted host machines. It also provides production-ready confidential Trusted Execution Environments (TEEs). We needed to run trusted workloads on untrusted host machines. So over a year ago, we started building the Targon Virtual Machine to enable Confidential TEEs in production. Today we’re sharing our white paper written alongside @intel : Decentralized Compute on Untrusted… pic.twitter.com/Yi1dAiYwK0 — Targon (@TargonCompute) March 23, 2026 Targon’s system leverages Intel Trust Domain Extensions (TDX) and NVIDIA Confidential Computing to create fully encrypted VMs on random hardware providers’ machines. Hosts gain no visibility into data, model weights, GPU memory, or disks, making sure ironclad privacy even against hostile operators with physical access of hypervisor control. The system keeps things secure by using different encryption for each provider, regularly checking that everything is running on trusted hardware, and locking usage to specific machines so it cannot be copied or moved anywhere else. It also re-checks security every 72 minutes to stay safe. All of this combines into one strong proof that the system is genuine and secure. This system is already being used at a large scale. It runs on more than 1,500 powerful GPUs, it handles more than 20 billion AI requests every day and pays out more than $60 million a year to people that provide computing power. Jesus Martinez Highlights Intel’s Engineer Level Validation on X Crypto influencer Jesus Martinez posted on X and put great amount of light on the whitepaper. A Bittensor subnet just dropped a white paper co-authored with Intel. Not a “partnership announcement.” Not a logo on a slide. Two Intel engineers put their names on it. -Jesus Martinez In his tweet, he breaks down Targon’s threat model, assuming fully malicious hosts who control hypervisors, snapshot VMs, or collude, yet the architecture holds firm. Martinez calls it a solution for decentralized compute’s trust barriers. He even stated that nobody serious will run sensitive AI workloads on machines they don’t control. Targon’s scale and backing including Manifold’s scale and backing, including Manifold’s $10.5 million Series A from OSS Capital and early Google investor Ram Shriram. For Bittensor enthusiasts, this is enterprise-grade credibility that random logos cannot match. Targon’s Momentum Supercharges Bittensor’s (TAO) Ecosystem Growth Targon’s ascent directly pushes Bittensor’s core value proposition, where a decentralized machine learning network which has subnets like Targon compete for TAO emissions based on performance. Verified on-chain metrics show Subnet 4 dominating incentives, with its confidential compute drawing high-stakes AI inference workloads that demand privacy. This drives TAO demand as miners stake for subnet participation and users buy for compute access. Cross-referencing Bittensor’s dashboard and Dune Analytics confirms Targon’s edge. It manages to capture ~15-20% of network emissions amid surging subnet diversity. As AI agents and models migrate to secure, decentralized hardware, Targon’s 20B+ daily tokens translate to real economic activity, locking TAO in staking pools and amplifying token velocity. Bullish on-chain flows align with this utility surge, positioning Bittensor for sustained outperformance versus broader crypto. Also Read: Bittensor Price Up by 15% as Big Names Signal Support

24 Mar 2026, 06:35

Gold Price Plummets as Surging Fed Rate Hike Bets Fuel Dollar’s Relentless Rally

BitcoinWorld Gold Price Plummets as Surging Fed Rate Hike Bets Fuel Dollar’s Relentless Rally Gold extended its intraday losses significantly on Thursday, March 13, 2025, as unexpectedly hawkish signals from the Federal Reserve ignited a powerful rally in the US dollar, applying intense downward pressure on the traditional safe-haven asset. The precious metal’s decline underscores a dramatic shift in market sentiment, where interest rate expectations now dominate trading floors more than geopolitical tensions. Gold Price Action and Immediate Market Reaction The spot gold price fell sharply, breaching several key technical support levels during the London trading session. Consequently, market analysts recorded a drop of over 2.5% from the previous day’s close. This movement followed the release of stronger-than-anticipated US Producer Price Index (PPI) data. Therefore, traders rapidly adjusted their positions, anticipating a more aggressive monetary policy stance from the Federal Reserve. Simultaneously, the US Dollar Index (DXY), which measures the greenback against a basket of six major currencies, surged to a three-month high. Specifically, the dollar’s strength creates a direct headwind for dollar-denominated commodities like gold. Historically, a stronger dollar makes gold more expensive for holders of other currencies, which typically reduces international demand. Spot Gold (XAU/USD): Fell to $2,150 per ounce, a critical psychological level. US Dollar Index (DXY): Rose 0.9% to 105.80. US 10-Year Treasury Yield: Jumped 12 basis points to 4.35%. The Federal Reserve’s Evolving Policy Outlook Market expectations for the Federal Reserve’s next move have undergone a substantial revision in recent weeks. Initially, consensus pointed toward a potential rate cut in mid-2025. However, persistent inflation data and robust employment figures have forced a reevaluation. Fed Chair Jerome Powell’s recent congressional testimony emphasized data dependency, but he notably avoided dismissing the possibility of further rate increases. Furthermore, minutes from the latest Federal Open Market Committee (FOMC) meeting revealed heightened concern among several members about the stickiness of service-sector inflation. This concern directly fuels speculation about the need for additional policy tightening. As a result, the CME FedWatch Tool now shows a 68% probability of a 25-basis-point rate hike at the June 2025 meeting, a dramatic increase from just 25% one month prior. Expert Analysis on the Interest Rate Environment Dr. Anya Sharma, Chief Economist at Global Markets Insight, provided context on the shifting dynamics. “The market is correctly interpreting the Fed’s communication,” she stated. “When real yields on US Treasuries rise, as they are now, the opportunity cost of holding non-yielding assets like gold increases substantially. Investors are therefore reallocating capital toward fixed-income instruments offering a real return.” This fundamental relationship between real interest rates and gold prices remains a primary driver of long-term trends. Historical Context and Gold’s Dual Role Gold has traditionally served a dual purpose in investor portfolios: an inflation hedge and a safe-haven asset during turmoil. During the high-inflation period of 2022-2023, gold performed strongly as investors sought protection from currency debasement. Conversely, in environments dominated by rising nominal and real interest rates, gold often struggles. The current scenario presents a conflict between these two roles, with rate hike fears currently overpowering inflation hedge demand. The following table illustrates gold’s performance across recent Fed tightening cycles: Cycle Period Fed Rate Change Gold Price Change Primary Driver 2015-2018 +225 bps +15.2% Geopolitical risk, weak dollar periods 2022-2023 +525 bps +8.7% High inflation, recession fears 2025 (Current) Expectation of hikes -7.3% (YTD) Strong dollar, rising real yields Broader Market Impacts and Commodity Correlation The sell-off in gold has triggered a broader retreat across the precious metals complex. Silver, platinum, and palladium prices also fell, though with varying magnitudes. Additionally, the stronger dollar and higher rate outlook are weighing on other dollar-sensitive commodities, including industrial metals and oil. This creates a unified pressure across raw material markets, potentially dampening global inflationary impulses—a development the Federal Reserve would welcome. Meanwhile, equity markets have shown mixed reactions. Technology and growth stocks, which are sensitive to higher discount rates, faced selling pressure. Conversely, financial sector stocks, particularly banks, rallied on the prospect of wider net interest margins. This sector rotation highlights how Federal Reserve policy expectations are reshaping capital flows across all major asset classes, not just commodities. The Role of Central Bank Demand An important countervailing force to the current price decline is sustained central bank demand. According to data from the World Gold Council, global central banks have been consistent net buyers of gold for over a decade, seeking to diversify reserves away from the US dollar. This institutional demand provides a structural floor for gold prices. However, as Michael Chen, a strategist at Precious Metals Analytics, notes, “Central bank buying is strategic and long-term. It does not typically react to short-term rate expectations, but it can be overwhelmed by intense speculative selling in the futures markets during periods of dollar strength.” Technical Analysis and Key Price Levels From a chart perspective, gold has broken below its 100-day moving average, a key medium-term trend indicator. The next major support level resides around the $2,120 per ounce area, which coincides with the 200-day moving average and the early February 2025 low. A breach of this level could open the path toward $2,050. On the upside, resistance is now firmly established at the $2,180-$2,200 zone, which was previously a support area. Market technicians warn that the current momentum is bearish, and any recovery attempt will likely face heavy selling pressure until the US dollar rally shows clear signs of exhaustion. Conclusion The gold price is experiencing significant downward pressure primarily due to emerging Federal Reserve rate hike bets that are underpinning a powerful US dollar rally. This dynamic highlights the ongoing tension in financial markets as participants recalibrate expectations toward a higher-for-longer interest rate environment. While structural demand from central banks and its role as a geopolitical hedge provide long-term support, the short-term path for gold remains heavily dependent on incoming US economic data and the Federal Reserve’s subsequent communications. The precious metal’s performance will continue to serve as a critical barometer of shifting expectations for global monetary policy. FAQs Q1: Why does a strong US dollar cause gold prices to fall? A strong US dollar makes gold more expensive for buyers using other currencies, which can reduce international demand. Additionally, gold is priced in dollars globally, so a rising dollar mechanically lowers the price when measured in other currencies. Q2: How do Federal Reserve rate hikes affect gold? Higher interest rates increase the opportunity cost of holding gold, which pays no interest or dividends. Investors may shift funds to yield-bearing assets like bonds. Higher rates also typically strengthen the dollar, creating a double negative for gold. Q3: Is gold still a good inflation hedge? Gold has a long-term historical correlation as an inflation hedge, but its performance can be inconsistent in the short term. When central banks aggressively raise rates to combat inflation, the resulting stronger currency and higher yields can temporarily overshadow gold’s inflation-hedging properties. Q4: What economic data most influences gold prices today? The most influential data points are US inflation reports (CPI, PCE), employment figures (non-farm payrolls), and any indicators of consumer spending. These directly shape Federal Reserve policy expectations, which drive the dollar and real yields. Q5: Could geopolitical risk reverse the current decline in gold? Yes, significant geopolitical escalation could trigger a flight to safety, boosting demand for gold despite a strong dollar. Historically, gold can decouple from dollar strength during acute crisis periods, though the current dominant market narrative remains focused on monetary policy. This post Gold Price Plummets as Surging Fed Rate Hike Bets Fuel Dollar’s Relentless Rally first appeared on BitcoinWorld .

24 Mar 2026, 06:30

Prominent Analyst Thinks The Bitcoin Macro Bottom Is In, But…?

With the Bitcoin price continuing to bounce off from the $60,000s level , it is starting to look like the digital asset has found a bottom. Although there is still some weakness in the market, as crypto investors remain fairly cautious, there have been a number of recovery attempts that suggest that buyers are stepping back into the market. If this is indeed a macro bottom, then it only marks the beginning of what could possibly be the next bear market. However, there is still the possibility that the price has not bottomed, and lower lows could be coming. There Is Still A Lot Of Fear In The Market As crypto analyst Sykodelic explained in an X post, there is still the possibility that the Bitcoin price has not bottomed, and this is due to a number of factors. The first of these is the budding US-Iran war that has seen oil prices shoot up and could possibly affect the crypto market as well. Even now, there continues to be tensions regarding what could happen regarding the Strait of Hormuz. Another factor is that the Bitcoin 200 Moving Average (MA) is sitting around $58,000 on the 1-Week chart. This means that there is a possibility that the bears will attempt to push the price toward this level again, given that there is major support brewing there. Last but not least is the fact that bulls have failed to hold above $74,400 , as the price has been ranging between $60,000 and $76,000 for months. Sykodelic believes that currently, the Bitcoin price is looking similar to the structure that led to the crash from $98,000 back in January. Bitcoin Bulls Are Still In The Game Despite the rising bear structure, there is still a lot of opportunity here for the bulls, according to the crypto analyst. They explain that the price might have already hit its macro bottom, suggesting that the recovery from here would be one that goes on for longer. Some factors that also serve as evidence for this bullishness are that the funding rate is still positive. This means that long traders are now paying short traders to keep their positions open, something that could be bullish for the short term . Additionally, the Coinbase premium has moved into the negative territory and is continuing to move. Selling has also greatly reduced in favor of buying on centralized crypto exchanges such as Binance. Given this trend, the crypto analyst believes that even if the Bitcoin price were to crash again, the worst-case scenario would be that the cryptocurrency returns to sweep the $60,000 lows. It could eventually wick down as low as $56,000, but not another major crash as has been seen in recent times.