Technical Analysis

Bitcoin climbed above $71,600 at the US market open and briefly traded over $71,700, but spot activity on Binance stayed unusually weak. Analysts flagged March Binance spot volume near $52 billion versus $88 billion in September 2023, while the rally coincided with heavy short liquidations and falling futures open interest.

Bitcoin's weekly close on Sunday stayed below the 200-week EMA, a setup several traders said could extend downside in the weeks or months ahead. BTC/USD later traded near $71,190 after an intraday low of $67,300, while multiple analyses cited sub-$60K risk and a bear-flag target around $46,600.

XRP held a narrow range last week and rose nearly 4% over the week as retail participation increased across the network. Wallet distribution data show about 5.66 million addresses hold under 100 XRP, around 2.01 million hold 100–100,000 XRP, and roughly 32,054 hold more than 100,000 XRP. At press time, XRP traded at $1.44, down 3.27% over the past 24 hours, while some analysts said a breakout to $5 would depend on holding key technical levels.

Bitcoin (BTC) has logged its longest stretch of moving independently from the S&P 500 since 2020, while BTC remained in a falling trend from September 2025 through March 23. The coin is down more than 45% since the October 11, 2025, crypto crash and was trading around $68,471 at press time. Over the same period, the S&P 500 gave back a Q4 2025 8.7% rally that pushed it to about 7,000 before sliding over the last two months.

SIREN surged 156% in a day to a new all-time high of $3.00, but momentum indicators are flashing exhaustion signals. The Money Flow Index reached 82.96 and a bearish divergence appeared alongside a reported $22 million liquidation event, raising the risk of a pullback. Traders are watching $2.07 as key support, with $1.50 cited as a downside level if $2.00 breaks.

XRP is showing early rebound signals after failing to stay above $1.50, with whales adding roughly 40 million XRP over the past week. On March 22, analyst Ali Martinez said Santiment data showed large-wallet balances rising from about 3.72 billion XRP to nearly 3.80 billion as the TD Sequential printed a buy signal on the 12-hour chart. At press time, XRP traded at $1.37, down about 1.3% in 24 hours and over 6% on the week.

Bitcoin began the new week after dipping to near $67,400 into the weekly close and losing the 200-week EMA trend line around $68,300. Several traders continued to frame downside scenarios, including bear-flag breakdown risk and a potential move below $50,000, while liquidation data showed over $400 million wiped out in 24 hours. Macro pressure also built as gold fell into a technical bear market and oil sought to hold above $100 amid Strait of Hormuz uncertainty.

While the broader cryptocurrency market has been largely trading sideways this week, a trio of lesser-known altcoins, SIREN, JCT, and BR, have completely defied gravity. All three tokens posted staggering percentage gains, capturing the attention of retail traders and on-chain analysts alike. But behind the flashy green candles, these surges raise serious questions about liquidity dynamics, market manipulation, and how short-term capital is rotating in the digital asset space right now.

WTI Crude Oil (USOIL) trades at $99.26 on March 23, 2026, as Trump’s 48-hour ultimatum to Iran fuels fears of a Strait of Hormuz showdown. Discover if oil can shatter the $101.60 resistance to target $108.00 as the 11 million bpd supply shock intensifies.

Bitcoin moved in a narrow range on Saturday and was down about 1% over the past week amid broader market selling. Bernstein reiterated its long-term view that BTC could reach $150,000 by the end of 2026, framing the current decline as milder than prior cycle drawdowns. BTC was last quoted at $68,733, down 0.60% over the past 24 hours.