Cointelegraph’s March 27 price prediction article says Bitcoin and several major altcoins have turned down sharply, with bears trying to keep control of the market.
What the article says
The report says Bitcoin fell below the $66,000 support level, increasing the risk of a move to $62,500. It also says several major altcoins have broken below near-term support, which could leave room for more downside.
According to the article, uncertainty around the US and the Israel-Iran war is limiting upside and adding pressure on prices. It also cites Farside Investors data showing $171 million in outflows from US spot Bitcoin exchange-traded funds on Thursday, described as the largest outflow since $348 million in redemptions on March 3.
Support, selling, and accumulation
The piece says bulls have still defended the $60,000 level since Feb. 6, even as Bitcoin faces selling on rallies. It also references Glassnode, which said entity-adjusted realized profit contracted from $3 billion per day in July 2025 to $0.1 billion currently, a change the newsletter said suggests the bear market is moving into later stages.
The article also points to Santiment data saying large Bitcoin holders with between 10 and 10,000 BTC increased their holdings by 0.45% over the past month.