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Bitcoin Technical Analysis Report – 16th March 2026

Bitcoin moved higher in after-hours trading, briefly nearing $72,000 before easing slightly. Bitcoin is now on track for its seventh consecutive green daily candle, which would mark its strongest close since March 4. The price has also held above key long-term levels, including the 200-week EMA and the previous 2021 all-time high zone of $68,300–$69,400, keeping the broader trend constructive. Macro risks remain in focus, with WTI crude oil attempting to move back above $100 per barrel amid ongoing global supply concerns. Despite the recovery, market sentiment is still cautious. The Crypto Fear & Greed Index remains in “Extreme Fear” at 16. Meanwhile, U.S. spot Bitcoin ETFs recorded their first five-day inflow streak of 2026, bringing in about $767 million this week.

Also Read: What Is Crypto Swapping? How Does It Work in 2026?

At the time of writing, BTC was trading at $72,650.

BTC, after making the all-time high of $126,199, started trading in a downtrend. The price plunged by almost 36% and dropped to $80,600. Post this move, the asset started consolidating and was trading in a range from $84,000 to $95,000. BTC finally gave a breakout below the range and made a recent low of $60,000. The asset bounced from the support of $60,000 and gave a relief rally up to $72,270. However, the bulls failed to give a follow-through rally and couldn’t break the resistance of $75k. Currently, it is trading in a range from $65,000 to $75,000. BTC has a strong support zone from $65,000 to $60,000, whereas $75,000 and $80,000 will act as strong resistance levels for the asset.

Key Levels

Support 2Support 1AssetResistance 1Resistance 2.
$60,000$65,000BTC$75,000$80,000

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