Technical Analysis

On March 4, Bitcoin rallied strongly, hitting an intraday high of $73,952.99 while trading closely in line with U.S. SaaS tech stocks. Arthur Hayes cautioned that Bitcoin has not yet broken its correlation with software equities and suggested the move could be a dead cat bounce. At the same time, Peter Brandt viewed the breakout from a symmetrical triangle pattern and push toward $73,000 as a potentially important shift in the asset's price behavior.

Solana has extended its recovery after securing support above the $85 and $88 areas and is now trading over $90 and the 100-hour simple moving average. The SOL/USD pair is encountering resistance around $92 and $95, while a decisive close above $100 could open the door toward higher targets. If the $92 barrier caps gains, support is seen near $90, $88.50 and then $84, with further weakness potentially exposing the $78 zone.

Market analyst EGRAG CRYPTO stated on March 4 that XRP remains locked in a long-term descending channel and needs a weekly close above $2.20 to invalidate its bearish structure. They added that a weekly close above $1.55 would signal short‑term strength, while failure to reclaim this level could send the price toward $1.26 or even the $0.95–$0.85 support zone. XRP recently bounced from around $1.27, but it still trades well below its July 2025 all‑time high of $3.65.

Dogecoin (DOGE) surged nearly 15% in the last 24 hours, hitting a multi-month high of $0.102. This rally follows a volatile February and is primarily driven by Bitcoin’s recovery above $73,000 and a renewed "risk-on" appetite across the meme coin sector. As institutional interest returns via spot ETFs and retail volume spikes, traders are now eyeing a potential breakout toward the $0.12 resistance level.

Bitcoin (BTC) is staging a high-velocity recovery on March 5, 2026, surging 7.17% to reach $73,122. Fueled by $680 million in two-day ETF inflows and President Trump’s endorsement of the Clarity Act, BTC has decoupled from equities to test one-month highs.

Strategy Inc. (MSTR) snapped a period of horizontal trading on March 5, 2026, with shares surging 10.37% to reach $146.44. The rally follows a dual-catalyst event: Bitcoin’s aggressive climb back above the $71,000 threshold and the company’s official confirmation of an additional 3,015 BTC acquisition, reinforcing its status as the world's premier corporate digital asset treasury.

Bitcoin traded above $71,000 after weeks of turbulence, while derivatives data showed a sharp drawdown in leverage and ongoing dominance of short positions. Open Interest has fallen by more than $24 billion since 6 October and funding rates remain mostly negative, even as aggressive buyers and shrinking exchange reserves offer some support.

Dogecoin fell below the $0.1 mark, slipped through $0.09 support to a low of $0.088, and later traded around $0.092 with a 2.56% daily gain. On-chain metrics show muted retail participation and growing whale sell activity, while indicators like RSI and Parabolic SAR continue to signal a broadly bearish structure.

Bitcoin has climbed back above $70,000 after weeks of volatile trading, easing some selling pressure while overall liquidity and sentiment remain fragile. CryptoQuant data shows spot Bitcoin ETF holders sit below an estimated average cost near $79,000, implying unrealized losses despite the rebound. The recent correction triggered about $8.9 billion in ETF value drawdowns and more than 42,000 BTC outflows from BlackRock's IBIT, though outflows have recently slowed.

Bitcoin has climbed from support near $67,500–$68,800 to trade above $70,000 and the 100-hour simple moving average, with a recent high at $74,062. The price now consolidates below resistance around $72,800–$73,500, while key support levels sit at $72,200, $72,000, $70,000 and $68,000. A sustained move above $73,500 could open the way toward $74,000–$77,200, whereas a drop under $70,000–$68,000 may signal a deeper correction.