Bitcoin (Bitcoin) The price dropped below the “Sell on the cheap!” The area is on the rainbow chart, and it is the first decline in this area since FTX– Surrender in late 2022.
The major currency has fallen below the “Sell Cheap!” The popular visual tool for tracking long-term price trends and sentiment zoned by March 31, indicating that it is extremely oversold. Thus, the price of Bitcoin could have already reached the bottom of the bear market in 2025/2026 or be very close to the bottom.
Nearly 23 months after Bitcoin’s fourth halving, a return to this area could be an opportunity to buy on the overall dip. If history repeats itself in 2026, Bitcoin price may be preparing for a new bull market. Moreover, Bitcoin price remained below the “Buy!” level. The range since it surrendered is below $60,000 earlier this year.
Why Is Bitcoin Price Trading Below ‘Big Sale’? band?
The main reason behind the price of Bitcoin falling below is “Selling cheap!” The region at the time of reporting was increasing selling pressure from institutional investors. For example, Mara Holdings (NASDAQ: MARA) recently sold 15,133 BTC for $1 billion, as Finbold I mentioned.
On the demand side, Strategy Inc. (MSTR) ended its 13-week streak of bitcoin purchases by not announcing any purchases on Monday. This signals a pause at one of the most consistent institutional buyers in the market. Although it is not actively selling, it removes the persistent demand trigger that has been supporting the price.
Widespread macroeconomic uncertainty, fueled by geopolitical tensions in the Middle East, has weighed on Bitcoin in the near term, as the asset remains rated as a high-risk asset by many institutional allocators.
Has BTC price hit bottom?
While Bitcoin is trading under the “Sell Cheap!” At around $67,023 at the time of writing, the potential for a cycle floor has increased significantly. In addition, Financial experts expect A rebound in the second quarter of 2026, pointing to potential improvements in US monetary conditions and Bitcoin’s historical tendency to recover sharply from rainbow chart lows.
However, from a technical analysis point of view, Bitcoin price may collapse further after the 50- and 200-day simple moving averages registered a dead crossover on the 3-day chart, according to analysis Shared by trading expert Ali Martinez. Essentially, this is a historical bearish signal, which, in previous sessions, was preceded by further drawdowns before eventual reversals.
