Bitcoin (BTC) Technical Signals Reveal Potential Price Correction, How Big? (9/3/26)

Jakarta, Pintu News – Bitcoin is back in the spotlight after experiencing significant selling pressure in early March. The price, which had tried to hold above $70,000, is now in danger of falling further. Market participants are starting to prepare for a possible retest of the psychological level of $60,000. Recent technical signals point to the growing dominance of bearish sentiment in the crypto market.

Selling Pressure Dominates Bitcoin (BTC) Movement

In the first week of March, Bitcoin (BTC) failed to maintain its position above $70,000, signaling weak buying power. The weekly BTC/USDT chart on TradingView shows an increasingly clear descending channel pattern. The $68,000 level that was previously important support has now turned into strong resistance, limiting any attempts at price recovery.

This condition reinforces the signal that selling pressure still dominates and the potential for further decline is increasingly open. This shift from support to resistance levels is an alarm for investors and traders. Every time the price tries to break through $68,000, selling pressure immediately increases and holds back the rate of increase. This indicates that market sentiment is still very cautious and tends to be pessimistic. If this pattern continues, Bitcoin (BTC) risks a deeper correction in the near future.

Also Read: Crazy Prediction! Bitcoin could reach Rp2.02 billion in March 2026, ETH to Rp202 million?

The Threat of Correction Below $60,000 Is Getting More Real

There are three main factors that strengthen the possibility of Bitcoin (BTC) breaking below $60,000. Firstly, if the weekly closing price is below $65,000, where the 200-day moving average is located, then the chances of a sharp decline towards $60,000 and even lower will increase.

This level is an important reference for technical analysts in determining the direction of the next movement. Secondly, the current chart shows that the low point of the local correction has not yet been reached. Many market participants consider $60,000 as an area of psychological support that could become a foothold for a rebound. However, if this level is broken, then the path to further correction will be wide open. The potential for a deeper decline is the main scenario anticipated by the crypto community.

Strategies and Anticipation for Crypto Market Players

In the face of this situation, market participants began to make adjustments to investment strategies. Many investors chose to wait and see while monitoring price movements around $60,000. Meanwhile, short-term traders tend to take advantage of volatility to profit from rapid price movements.

These uncertain market conditions demand extra caution in making decisions. In addition, analysts also pay attention to other technical indicators such as trading volume and weekly candlestick patterns. If the selling pressure continues to increase and the transaction volume remains high, then the chances of a breakdown below $60,000 increase. However, if there is a strong rebound in the support area, then Bitcoin (BTC) still has a chance to re-test the resistance above $68,000. All these possibilities make the crypto market more dynamic and challenging.

Conclusion

With various technical signals in place, Bitcoin (BTC) is now at an important junction that will determine the direction of its next move. The $60,000 level is a key point that all market participants must pay attention to. If this support fails to be maintained, then a deeper correction is very likely in the near future. However, the opportunity for a rebound remains open if the selling pressure begins to subside and buying interest increases again.

Also Read: 5 Big Crypto Issues of March 2026: FOMC, Stablecoins, to Unlock Billion Worth Tokens

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. Bitcoin Braces for $60,000 Retest: What Technical Indicators Say About March Outlook. Accessed on March 9, 2026