{"id":55017,"date":"2026-03-05T04:34:59","date_gmt":"2026-03-05T04:34:59","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=55017"},"modified":"2026-03-05T04:35:00","modified_gmt":"2026-03-05T04:35:00","slug":"a-suckers-bitcoin-rally-why","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=55017","title":{"rendered":"A sucker&#8217;s Bitcoin rally? Why?"},"content":{"rendered":"<p>A slowdown in profit-taking and defending the 200-week EMA support at $68,000 are prerequisites for BTC to break the next big hurdle at $75,000.<\/p>\n<p>Bitcoin is up 8% on Wednesday to trade above $73,000, a level that has stopped every recovery attempt over the last three weeks. Analysts reveal why Bitcoin must hold $70,000 to secure the recovery.<\/p>\n<p data-ct-non-breakable=\"undefined\"><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p data-ct-non-breakable=\"undefined\">Profit-taking on rallies to $70,000 must cool down for a sustained breakout in BTC price.\u00a0<\/p>\n<\/li>\n<li>\n<p>Bitcoin must hold support at $68,000 -$70,000 to confirm the recovery.<\/p>\n<\/li>\n<\/ul>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cb970-f877-76a6-a32f-ae56673b32f1.png\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USD daily chart. Source: Cointelegraph\/<\/em><em>TradingView<\/em><\/figcaption><\/figure>\n<h2>Profit-taking must be absorbed with strong buying\u00a0<\/h2>\n<p>After a sixth straight weekly close in the red, Bitcoin has finally broken above the $64,000-$70,000 range, which has defined its price action over the last three weeks.<\/p>\n<p>Glassnode highlights that Bitcoin\u2019s struggle to break above $70,000 was due to repeated spikes in realized profit near this level, signaling heavy profit-taking.<\/p>\n<p><em><strong>Related: <\/strong><\/em><em><strong>Bitcoin still due &#8216;next leg down&#8217; as $73K BTC price precedes death cross<\/strong><\/em><\/p>\n<p>The chart below shows that each time the 12-hour-SMA of the net realized profit-and-loss metric spiked above $5 million per hour, the price stalled and reversed at the $69,400 range high.\u00a0<\/p>\n<p>This region continues to cap every recovery attempt, as seen on Feb. 19, Feb. 25, and Tuesday.\u00a0<\/p>\n<p>This absorbs upward momentum in a thin liquidity environment, \u201creflecting the fragility of the current demand structure,\u201d the onchain data analytics company said.<\/p>\n<p>For BTC to remain above $70,000, the \u201clevel of profit-taking has to be absorbed without triggering rejection,\u201d Glassnode added.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cb803-498b-7671-b4bf-32e38d3fe9fe.jpg\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin net realized profit and loss, USD. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p data-ct-non-breakable=\"undefined\">Meanwhile, private wealth manager Swissblock said that after nearly 30 days of \u201cextreme risk\u201d at 100, the Bitcoin risk index is cooling down.<\/p>\n<p>This shift toward low risk could spark a bullish rally, enabling Bitcoin to stay above $70,000.<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cWhile it remains at an elevated reading for now, a return to a low-risk environment could catalyze the next bullish leg, with initial targets at $83K and a potential extension toward $110K.\u201d<\/p><\/blockquote>\n<div data-ct-widget=\"inline-ad\">\u00a0<\/div>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cb806-bd48-7d8c-b017-959cc78f7b43.jpeg\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin risk index. Source: Swissblock<\/em><\/figcaption><\/figure>\n<p>As Cointelegraph reported, compressed volatility, strengthening ETF flows and a diminished Coinbase discount suggested Bitcoin\u2019s downtrend is slowing, raising the chances of a short-term rebound.<\/p>\n<h2>Bitcoin price must hold $70,000 as support<\/h2>\n<p>Bitcoin\u2019s 21% recovery from its multi-year lows below $60,000 has seen its price reclaim key support levels, including the 200-day exponential moving average (SMA) at $68,000 and the psychological $70,000 level.<\/p>\n<p>\u201cFor any prolonged upside from this point, Bitcoin would need to reclaim the EMA as support\u201d in the weekly time frame, analyst Rekt Capital said in a recent X post, adding:<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cUntil proven otherwise, the EMA is acting as a resistance.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cb803-5a8b-7a40-b18e-0292392e2e4d.jpg\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USD weekly chart. Source: Rekt Capital<\/em><\/figcaption><\/figure>\n<div data-ct-widget=\"inline-parallax-ad\">\u00a0<\/div>\n<p>A daily candlestick close above $70,000 \u201cwould be good for markets,\u201c fellow analyst Ted Pillows said in an X post on Wednesday, adding:<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cIf Bitcoin fails to hold above the $70,000 zone, expect a retest of the $65,000-$66,000 support zone.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cb97e-687b-7bdc-9f92-3a1683e9dcf5.png\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USD two-day chart. Source: Ted Pillows<\/em><\/figcaption><\/figure>\n<p>Glassnode\u2019s short-term holder (STH) cost-basis distribution heatmap reveals the biggest cluster below $70,000, where investors acquired about 230,000 BTC over the past month.<\/p>\n<p>Holding above the STH supply clusters is a key prerequisite for regaining momentum for a decisive breakout.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cb803-6186-764d-98b5-d08f27b88dd7.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin STH cost basis distribution heatmap. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>As Cointelegraph reported, breaking above the symmetrical triangle\u2019s resistance line at $70,000 would strengthen the case for a sustained push toward $75,000 before the end of the month.<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A slowdown in profit-taking and defending the 200-week EMA support at $68,000 are prerequisites for BTC to break the next big hurdle at $75,000. Bitcoin is up 8% on Wednesday to trade above $73,000, a &hellip; <a title=\"A sucker&#8217;s Bitcoin rally? Why?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=55017\"><span class=\"screen-reader-text\">A sucker&#8217;s Bitcoin rally? Why?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":55019,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-55017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A sucker&#039;s Bitcoin rally? 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