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Bitcoin Battles $70,000 Resistance: BTC Bulls Eye Resistance as Geopolitics and Macro Clouds Linger
After five weeks of unsuccessful attempts to surpass $74,000, Bitcoin is currently trading at about $70,000 on Wednesday. Even while the price has recovered a significant psychological level, skilled traders are not at all certain that a long-term rise is imminent, and the derivatives market supports them. chart Deribit call options with a $78,000 strike for the March 27 expiration traded at $704 on Wednesday, suggesting a less than 17% chance that Bitcoin will increase by 12% in the next two weeks. Similar results can be seen in the futures market, where the annualized premium on two-month Bitcoin contracts has ... (full story)
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From cointelegraph.com | Mar 12, 2026
Market analysts say Bitcoin (BTC) is in a relief rally after its 17% recovery from multi-year lows below $60,000, but the $78,000 level is key to reversing the broader downtrend. Bitcoin’s net taker volume suggests buyers are stepping in as demand for BTC derivatives returned, data from CryptoQuant shows. Net taker volume, a metric that measures the ...
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