Bitcoin Stuck at US$70,000 Level, Here's the Analysts' View

Bitcoin’s price is observed to be moving fluctuatively and holding steady around US$70,000 after a week of turbulence due to escalating geopolitical tensions and the recent meeting of the United States Federal Reserve (The Fed). According to Crypto News, the world’s most expensive digital asset is at US$70,672.50 during Saturday’s trading session, 21 March 2026. This position has dipped slightly in the last 24 hours but remains up around 0.11 percent over the week. Bitcoin approached the US$74,000 mark twice in recent days. However, this digital gold failed to surpass the psychological level in the US$70,000 area following the US military strike on Iranian infrastructure. Although it briefly recovered and touched US$76,000—the highest in nearly six weeks—the rally did not last long. Bitcoin corrected back to around US$74,000, then dropped to US$71,200 ahead of The Fed’s decision to maintain the benchmark interest rate between 3.5 percent and 3.75 percent. After the US central bank held rates as expected by the market, Bitcoin rebounded to US$72,000. However, statements from Fed Chair Jerome Powell regarding inflation and economic conditions pressured the price down to US$68,800 before it rose again above US$70,000. Crypto analyst Michaël van de Poppe highlighted the Bitcoin-to-gold valuation signal showing a certain technical pattern. He said, “This doesn’t mean we’re going straight up from here,” while noting similar patterns in 2015, 2018, and 2020 that marked bear market lows. A similar view was expressed by another market observer, CryptosRus. He stated that Bitcoin is now trading near the realised price, a level that has previously coincided with cycle bottoms. “Every time BTC reaches this zone, it usually doesn’t stay long,” he said. Meanwhile, CryptoQuant analyst burakkesmeci sees strong support from the demand side. Data on fund flows at Binance shows a consistent accumulation trend. He noted an average of around US$55 million in Bitcoin leaving Binance daily, indicating investors tend to hold their assets off exchanges. This trend helped drive Bitcoin’s rise from US$65,000 to US$74,000 and explains why the price remains robust despite global market pressures.