Experts say Bitcoin could fall to $60,000 if oil prices remain high
As geopolitical tensions intensify, putting pressure on the cryptocurrency market, analysts warn that Bitcoin may retest critical support levels.


As geopolitical tensions intensify, putting pressure on the cryptocurrency market, analysts warn that Bitcoin may retest critical support levels.
According to Motley Fool, Dogecoin has traded within the $0.09 to $0.15 range for about a year, and the daily chart reflects this. As of March 30, $DOGE is at $0.0926, near the lower Bollinger Band, as ranges tighten to their narrowest level since January. X Money launches next month, and although the initial rollout is fiat-only, crypto speculation around Dogecoin is already increasing.
A turbulent Friday, as the U.S.–Iran conflict entered its fifth week, led to a drop in the prices of Bitcoin and other cryptocurrencies. On Friday morning, Bitcoin (BTC) fell to the $68,500 level, recording a 2% decline over the past 24 hours.
In light of a potential deal between the United States and Iran, it is worth addressing why the end of the Middle East conflict may not prevent Ethereum from falling.
XRP has fallen to $1.42, losing around 8% over the past week. What initially looked like a bullish breakout structure has now transformed into a classic bearish “head and shoulders” pattern on the 12-hour chart.
According to Teles, historical data suggests that a new global downtrend could begin as early as 2026. The analysis highlights that the Short-Term Holder Realized Price (STHRP) and Active Realized Price (ARP) are highly reliable indicators for identifying market cycles.
Over the past few hours, Bitcoin (BTC) has risen above $72,000, prompting analytics firm CryptoQuant to assess the current market situation. CryptoQuant noted that in recent days Bitcoin has been trading around $70,000, while the Short-Term Holder Realized Price (STH) is currently above the spot price.
Bitcoin is entering a decisive phase that could set the tone for the next bull cycle. Metrics such as realized price and profit/loss highlight its current position, which is slightly above the cyclical lows observed in previous market downturns.
From March 18 to March 20, the probability of $ETH falling to $1,500 rose from 54% to 65%, although this is still 23% below the record level of 84% recorded on February 6 during a sharp dump, when panic hit the market and the cryptocurrency’s price fell below $1,750.
Bitcoin’s price may fall further, as Polymarket traders now estimate a 51% probability of it dropping below $45,000 by December 31, 2026. This follows the U.S. Federal Reserve keeping interest rates unchanged. Bitcoin’s price today fell below $70,000 from a recent high of $76,000 on March 17. Meanwhile, market analysis also shows that the price may not have reached its bottom yet.
Last week, Bitcoin and altcoins showed a strong recovery after the decline that began in October.
At the beginning of 2026, the Bitcoin market is experiencing a period of turbulence, and well-known blockchain analyst James Check addressed his followers with important remarks on Natalie Brunell’s “Bitcoin Stories” program.
The crypto market has entered a phase of high uncertainty amid upcoming macroeconomic events. According to analyst Jesus Martinez, the current dynamics of Bitcoin ($BTC) almost completely replicate the behavior of the asset during previous mid-cycle years.
An analyst from the on-chain analytics platform CryptoQuant, known by the pseudonym Darkfost, stated that the next Bitcoin price peak may occur no earlier than February 2028.
The cryptocurrency analytics firm MakroVision has released a new assessment of Bitcoin’s technical outlook. According to the report, the largest cryptocurrency remains in a consolidation phase, and the market is preparing for another breakout attempt.
On the Polymarket prediction platform, investors are placing bets on the price levels that leading cryptocurrencies could reach during March.