Bitcoin is climbing again, up over 7% this week. Whether that means the worst is over, or whether $40K is still ahead, depends entirely on who you ask. Right now, the market is deeply divided.
Crypto analyst Michaël van de Poppe flagged something significant today. Bitcoin has hit a key resistance level, and while he doesn’t expect an immediate breakout, he called the short-term trend switch “the most vital trend switch we see since 10/10 has taken place.”
October 10 was the last point the market staged a meaningful directional shift, and van de Poppe sees the current setup as equally significant.
He expects consolidation before any sustained move higher, noting that things take time and a build-up is required.
Not everyone agrees.
Analyst @NoAlphaLimits issued a blunt warning: “$60K is NEXT. The bottom is $40-45K.”
His thesis is built on the Iran conflict’s ripple effects across global markets.
QatarEnergy has declared force majeure, the Strait of Hormuz has become active combat territory, and oil prices are spiking as a result. Rising energy costs are pushing inflation expectations higher, leaving the Federal Reserve with little room to cut rates.
Also Read: Crypto Crash Today: Should You Buy the Bitcoin Dip as US and Israel Strike Iran?
Even traditional safe-haven assets are cracking under the pressure – silver dropped over 11% on Tuesday, with gold also sliding more than 3%, suggesting investors are fleeing risk broadly rather than rotating into alternatives.
His most striking data point: “$2.3 billion in long positions sitting between $60K-$73K” – all of it, he argues, will get wiped.
Blockchain advisor Anddy Lian offered the most grounded framework. His read: Bitcoin’s 89% correlation with the S&P 500 is the real story here. This is a macro beta trade, moving in lockstep with equities and rate expectations.
The Fear and Greed Index moved from 19 to 29 in just 24 hours – a meaningful sentiment shift, but still firmly in fear territory.
His critical zone to watch: $72,000-$74,000. As of today, Bitcoin is trading directly inside that range -making the next move from here the most telling signal of the week.
Also important to note that March 6’s Non-Farm Payrolls report could reset the entire outlook overnight.
With geopolitical uncertainty driving volatility across every asset class, Bitcoin’s next move is unlikely to be decided by technicals alone. The Strait of Hormuz, oil prices, and the Fed’s response to rising inflation are the variables that matter most right now.
The NFP print is the first hard data point that could shift the outlook in either direction.
Stay tuned to Coinpedia for all crypto market updates.
Bitcoin’s 2026 outlook depends on macro trends. If bullish momentum continues, BTC could revisit $80K–$100K, but geopolitical risks may still cause sharp swings.
If institutional demand grows and market liquidity improves, many analysts believe Bitcoin could eventually test the $100K level in the next major cycle.
Key drivers include Federal Reserve policy, inflation data, global conflicts, oil prices, and investor sentiment across equity and crypto markets.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
After months of uncertainty, the CLARITY Act is finally showing signs of movement in Washington.…
EventDateLocationFocusWAGMI MiamiJan 20-23MiamiMulti-chainConsensus Hong KongFeb 10-12Hong KongInstitutionalETHDenverFeb 17-21DenverEthereumEthCC[9]Mar 30-Apr 2CannesEthereumBitcoin 2026Apr 27-29Las VegasBitcoinTOKEN2049 DubaiApr 29-30DubaiMulti-chainConsensus…
BMNR stock remains in focus after Bitmine increased its Ethereum holdings to 5.67 million ETH,…
Story Highlights Solana Price Today is . SOL stabilized bullish momentum may assist in reclaiming…
Story Highlights Binance Coin Price Today is . Expanding exchange-ecosystem demand could lift BNB price…
The market has largely focused on Bitcoin and major altcoins this month, but OKB token…
