{"id":138687,"date":"2026-03-28T13:09:51","date_gmt":"2026-03-28T13:09:51","guid":{"rendered":"https:\/\/americansecuritiesanalytics.com\/index.php\/2026\/03\/28\/bitcoin-loses-crucial-support-could-this-mark-the-longest-monthly-bearish-run-for-btc-price\/"},"modified":"2026-03-28T13:09:51","modified_gmt":"2026-03-28T13:09:51","slug":"bitcoin-loses-crucial-support-could-this-mark-the-longest-monthly-bearish-run-for-btc-price","status":"publish","type":"post","link":"https:\/\/americansecuritiesanalytics.com\/index.php\/2026\/03\/28\/bitcoin-loses-crucial-support-could-this-mark-the-longest-monthly-bearish-run-for-btc-price\/","title":{"rendered":"Bitcoin Loses Crucial Support\u2014Could This Mark the Longest Monthly Bearish Run for BTC Price?"},"content":{"rendered":"<p>The post <a href=\"https:\/\/coinpedia.org\/price-analysis\/bitcoin-loses-crucial-support-could-this-mark-the-longest-monthly-bearish-run-for-btc-price\/\">Bitcoin Loses Crucial Support\u2014Could This Mark the Longest Monthly Bearish Run for BTC Price?<\/a> appeared first on <a href=\"https:\/\/coinpedia.org\">Coinpedia Fintech News<\/a><\/p>\n<p>The <a href=\"https:\/\/coinpedia.org\/price-prediction\/bitcoin-price-prediction\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin price<\/a> experienced a significant drop in the past sessions, dropping close to $65,500. The drop is primarily driven by the largest single-day outflow from the U.S. spot Bitcoin ETFs in three weeks. It has slipped below a key short-term support, triggering fresh concerns over a deeper pullback. After repeated rejections near the $70K zone, the latest breakdown has weakened bullish momentum and shifted near-term sentiment toward caution.<\/p>\n<p>With BTC now trading around $66K, the focus has turned to whether this move is a temporary correction\u2014or the beginning of a broader downside phase heading into the monthly close.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-why-bitcoin-price-is-dropping-today\">Why Bitcoin Price Is Dropping Today<\/h2>\n<p>The latest pullback has raised the possibility of yet another bearish monthly close after marking five months in the red. The current decline is not driven by a single factor but rather a confluence of pressure points:<\/p>\n<ul class=\"wp-block-list\">\n<li>Macro uncertainty: Rising geopolitical tensions and surging oil prices have triggered a global risk-off sentiment, pushing investors away from volatile assets like crypto<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>Derivatives-led volatility: A large wave of liquidations has wiped out leveraged long positions, accelerating downside momentum<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>Options expiry impact: Recent expiry events have increased short-term volatility, with price gravitating toward key liquidity zones<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>Profit-taking: After multiple rallies, short-term holders appear to be booking gains near resistance<\/li>\n<\/ul>\n<p>This combination has created a cascade effect, where selling pressure feeds further downside.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-btc-liquidation-heatmap-signals-volatility-ahead\">BTC Liquidation Heatmap Signals Volatility Ahead<\/h3>\n<p>The 12-hour liquidation heatmap highlights a liquidity-driven setup, where Bitcoin\u2019s next move is likely to target leveraged positions rather than follow a clean trend. A major liquidity cluster sits between $67K and $69K, acting as a potential upside magnet. If BTC reclaims nearby resistance, a short-term move toward this zone could trigger liquidations and fuel volatility.<\/p>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<p>On the downside, strong liquidity is concentrated around $64K\u2013$65K, making it a key target if current support levels fail. This creates a liquidity sandwich structure, with price caught between two high-liquidity zones. Notably, liquidity near the current $66K range is relatively thin, suggesting the market may avoid consolidation and instead move sharply toward either side.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-bitcoin-price-analysis-can-btc-defend-65-000\">Bitcoin Price Analysis: Can BTC Defend $65,000?<\/h3>\n<p>The 4-hour chart of Bitcoin (BTC\/USDT) shows a clear shift in short-term market structure, with the price breaking below a crucial ascending trendline and slipping under key moving averages. This breakdown signals weakening bullish momentum and rising downside risk. Bitcoin had been trading within an ascending trend, supported by a rising trendline, since late February. However, the recent sharp drop has decisively broken this support, indicating that buyers have lost control in the short term.<\/p>\n<p>Such breakdowns often act as early signals of a trend reversal or deeper correction, especially when accompanied by increased selling pressure.<\/p>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<p>The price is now trading below the 50-day and 200-day moving averages, positioned around the $68.4K\u2013$69.2K range. This zone has flipped into a strong resistance area, limiting upside attempts. As long as BTC remains below this range, the market is likely to stay under bearish pressure in the near term.<\/p>\n<p>Bitcoin is currently hovering near immediate support around $65.6K. A breakdown below this level could accelerate the decline toward $63.9K, which is a strong horizontal support and $62.5K, which is the major demand zone and high-confluence support. These levels are critical for maintaining the broader structure. Losing them may open the door for a deeper correction phase.<\/p>\n<p>The Stochastic RSI is currently near oversold levels, suggesting that a short-term relief bounce is possible. However, this does not confirm a trend reversal and may simply result in a temporary pullback toward resistance.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-conclusion-will-bitcoin-close-the-month-bearish\">Conclusion \u2014 Will Bitcoin Close the Month Bearish?<\/h3>\n<p>Bitcoin price is approaching a critical monthly close, with price action currently favoring the bears after losing key support and trendline structure. As long as BTC trades below the $68.4K\u2013$69.2K resistance zone, the market remains vulnerable to further downside. A sustained breakdown below $65.6K could accelerate the decline toward the $63.9K\u2013$62.5K demand zone, increasing the likelihood of a bearish monthly close.<\/p>\n<p>A strong reclaim of $68.4K\u2013$69.2K could invalidate the breakdown and push Bitcoin back toward the $70K level. Or a Continued rejection below resistance may drive BTC toward $63.9K or even $62.5K, which is more likely.&nbsp;<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The post Bitcoin Loses Crucial Support\u2014Could This Mark the Longest Monthly Bearish Run for&hellip;<\/p>\n","protected":false},"author":1,"featured_media":138688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-138687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/americansecuritiesanalytics.com\/index.php\/wp-json\/wp\/v2\/posts\/138687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/americansecuritiesanalytics.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/americansecuritiesanalytics.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/americansecuritiesanalytics.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/americansecuritiesanalytics.com\/index.php\/wp-json\/wp\/v2\/comments?post=138687"}],"version-history":[{"count":0,"href":"https:\/\/americansecuritiesanalytics.com\/index.php\/wp-json\/wp\/v2\/posts\/138687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/americansecuritiesanalytics.com\/index.php\/wp-json\/wp\/v2\/media\/138688"}],"wp:attachment":[{"href":"https:\/\/americansecuritiesanalytics.com\/index.php\/wp-json\/wp\/v2\/media?parent=138687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/americansecuritiesanalytics.com\/index.php\/wp-json\/wp\/v2\/categories?post=138687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/americansecuritiesanalytics.com\/index.php\/wp-json\/wp\/v2\/tags?post=138687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}