Technical Analysis

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.

Aerodrome Finance's AERO token climbed about 12.68%, while trading volume hovered near $18 million and Bitcoin moved above $70,000. The price has been trending within an ascending channel since early February, with upside targets around $0.40 if bullish momentum and on-chain accumulation from whales, institutions, and retailers persist.

After a sharp drop toward $63,000, Bitcoin has rebounded to trade near $72,000 and is holding above the key $70,000 level, forming a tightening pattern that could open the way toward $76,380. XRP is consolidating between its 26-day EMA and rising support after recovering from lows near $1.25, while Shiba Inu has slid to around $0.0000055 and is approaching potential bottom areas between $0.0000045 and $0.0000048. Market participants are watching whether these technical zones trigger renewed buying or extend the current corrective phase.

XRP is testing the 200 EMA while holding the lower boundary of a multi‑month descending channel, creating a compressed setup around critical resistance. Analysts highlight that a weekly close above the 200 EMA and $1.55 could confirm a bullish shift, with $2.20 as the next key upside target. Failure to clear these levels may instead trigger a move toward supports around $1.26 and possibly the $0.95–$0.85 area.

Bitcoin recently climbed to a four-week high after rebounding 22% from a local bottom near $60,000, but derivatives pricing and on-chain data show traders still prefer downside protection. About 43% of the circulating supply is at a loss and major corporate holders face an average cost basis around $76,000, creating psychological and structural resistance below the prior $78,700 monthly close. Weak miner profitability and growing AI-related energy competition are adding further selling pressure that could slow any move higher.

Bitcoin rose about 8% on Wednesday to trade above $73,000, after spending roughly three weeks capped in the $64,000–$70,000 range. Analysts say profit-taking near $70,000 must ease and support around the 200-week EMA at $68,000 and the $70,000 zone must hold for BTC to target the next resistance near $75,000.

Analytics firm Santiment reports that social media discussions about "altseason" have recently fallen to extremely low levels, while Dogecoin is trading around $0.093. Over the past two years, high altseason social volume has often aligned with local tops for DOGE, whereas muted interest has tended to mark local bottoms. With the latest drop in this sentiment metric, Dogecoin could be positioned for a rebound, although Santiment cautions it should not be treated as a precise trading signal.

On Wednesday, Bitcoin’s price rebounded above $74,000, with $683.3 million flowing into U.S. spot BTC ETFs this week, suggesting a potential short-term bottom. Analysts are assessing whether this move, alongside recoveries in key altcoins such as ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE and LINK, can extend further. Technical charts highlight critical resistance and support zones that could determine if this bounce evolves into a broader trend reversal.

Bitcoin has moved back above $73,000 for the first time since early February, with on-chain analyst Ali Martinez suggesting the move could evolve into a relief rally. Spot Bitcoin ETFs reportedly absorbed about $776 million in BTC last week and roughly $789 million since the week starting March 2, helping to support the price near $73,200. Martinez notes that on-chain resistance looks relatively light between $72,000 and $81,000, with stronger supply clusters only emerging around $83,307 and $84,569.

Bitcoin climbed to a new monthly high above $73,000 after initially dropping to $63,000 when USA and Israel launched a military operation against Iran on Saturday. The price has since recovered more than $10,000, with analysts pointing to aggressive whale buying and a strong breakout, while warning that a fall below roughly $71,500–$72,000 could signal renewed weakness.