Bitcoin Price Holds Steady at 70,000 USD as Analysts Highlight Cycle Reset Signals

JAKARTA, KOMPAS.com - Bitcoin (BTC) price has held steady around the 70,000 USD level amid global market volatility and macroeconomic pressures. Several analysts assess that the latest movements of the world’s largest cryptocurrency signal a potential “cycle reset” after a period of sharp fluctuations. According to a Crypto.news report, Bitcoin is trading in the 70,000 USD range after previously surging to the 74,000 USD area before correcting. Crypto analyst Michaël van de Poppe stated that Bitcoin’s valuation against gold shows a monthly engulfing signal. “It doesn’t mean we’re going straight up from here,” he wrote, as quoted from Crypto.news. He added that similar patterns in 2015, 2018, and 2020 coincided with bear market lows. “Every time $BTC reaches this zone, it won’t stay here for long,” he said. Additionally, CryptoQuant analyst burakkesmeci highlighted Binance net flow data indicating stable buying demand behind Bitcoin’s recent price strength. According to him, the Binance BTC Netflow SMA30 indicator remains below zero, reflecting a continuous outflow of cryptocurrency assets from the exchange. This trend, he said, helps support Bitcoin’s price rise from around 65,000 USD to 74,000 USD and explains why BTC’s price remains relatively strong despite pressures in the broader market. Meanwhile, an FxLeaders report states that Bitcoin was trading around 70,700 USD on Saturday (21/3/2026) and is still holding above the main demand zone at 70,691 USD, which has withstood selling pressure since late February 2026. Technical analysis shows the price moving within an ascending channel since recording a low in the 62,000 USD range in February 2026.