{"id":55126,"date":"2026-03-24T04:50:18","date_gmt":"2026-03-24T04:50:18","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=55126"},"modified":"2026-03-24T04:50:19","modified_gmt":"2026-03-24T04:50:19","slug":"bitcoin-still-due-for-next-leg-lower-targeting-46k-btc-price","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=55126","title":{"rendered":"Bitcoin still due for \u2018next leg lower\u2019 targeting $46K BTC price?"},"content":{"rendered":"<p>BTC price action looked weaker after Sunday&#8217;s weekly close below the 200-week MA, with Bitcoin market participants bracing for lower levels.<\/p>\n<p>Bitcoin\u2019s failure to close the week above the 200-week exponential moving average (EMA) on Sunday put it at risk of another downward leg over the coming weeks or months.<\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin price signals \u201cstructural weakness\u201d with failure to close week above a key trend line.<\/p>\n<\/li>\n<li>\n<p>Analysts say the next breakdown clears path for another sell-off toward $46,000.<\/p>\n<\/li>\n<li>\n<p>The $47,000 level features as a deep structural support for Bitcoin.\u00a0<\/p>\n<\/li>\n<\/ul>\n<h2>Bitcoin price weakness sparks sub-$50,000 targets<\/h2>\n<p>Data from TradingView showed BTC\/USD trading at $71,190, or 6% higher than its intraday low of $67,300.<\/p>\n<p>The pair had failed to produce a weekly close above the 200-weekly EMA on Sunday, currently at $68,300, suggesting that last week\u2019s relief rally to $76,000 was a possible bull trap.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019d1af2-73f6-70e1-b030-86d4707a04ce.png\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, Market Analysis\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USD weekly chart. Source: Cointelegraph\/<\/em><em>TradingView<\/em><\/figcaption><\/figure>\n<p>There is evidence of profit-taking every time Bitcoin rises to key accumulation levels, and commenting on the current market setup, many traders warned that any downside could snowball quickly.<\/p>\n<p><em><strong>Related: <\/strong><\/em><em><strong>Bitcoin risks 50% drop as BTC\u2019s positive correlation with US stocks grows<\/strong><\/em><\/p>\n<p>\u201c$BTC broke down from the rising wedge over the weekend,\u201d said analyst Jelle in a Monday post on X, adding:<\/p>\n<blockquote><p>\u201cConsolidate here for a day or two, and those untapped lows look ripe for the taking.\u201d<\/p><\/blockquote>\n<p>The analyst was referring to the area between the local low of $65,500 and the range low of $59,930 reached on Feb. 6.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019d1a0a-3d0a-7c80-ab41-19deff80c971.jpg\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USD daily chart. Source: X\/Jelle<\/em><\/figcaption><\/figure>\n<div data-ct-widget=\"inline-ad\">\u00a0<\/div>\n<p>\u201cBTC has lost the EMA50 once again, and the global crisis feels more insecure today than it did 2 weeks ago,\u201d fellow analyst Stockmoney Lizards said in the latest Bitcoin analysis on X.<\/p>\n<p>Combined with the technical weakness, \u201cit looks like we could be revisiting the sub-$60K area,\u201d the analyst added.<\/p>\n<p>\u201cBitcoin is getting close to taking that next leg lower into the mid-$40Ks,\u201d analyst Michael J. Kramer said, referring to the measured target of a bear flag around $46,600.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019d1a0a-40df-7976-a09c-8142698f5126.jpg\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USD daily chart. Source: Michael J. Kramer<\/em><\/figcaption><\/figure>\n<div data-ct-widget=\"inline-parallax-ad\">\u00a0<\/div>\n<p>These targets echo prediction market traders, who price in a 70% chance that Bitcoin drops below $55,000 in 2026, while placing the odds of a drop below $45,000 at 46%.\u00a0<\/p>\n<h2>\u201cDeep structural\u201d support for BTC is at $47,000<\/h2>\n<p>Bitcoin is trading near the 200-week EMA at $68,300, coinciding with the realized price of the \u201clargest holder cohort (100-1K BTC),\u201d according to CryptoQuant analyst Axel Adler Jr.<\/p>\n<p>\u201cAs long as the price holds above $68K, the largest cohort remains near its cost basis and maintains a more resilient position,\u201d Adler Jr. said in a Bitcoin analysis on Monday, adding:<\/p>\n<blockquote><p>\u201cA move below this level would signal deteriorating structure and increase the likelihood of a more nervous reaction from large holders.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019d1a0a-45d0-7dce-9f88-c97e2d143e9f.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin realized price balance of 10-100 vs 100-1K. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p>Meanwhile, the realized price of the 10-100 BTC holder cohort sits notably lower around $46,700, forming a \u201cdeep structural threshold that would become meaningful only in the event of a full-scale deterioration in market regime,\u201d the analyst added.<\/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>BTC price action looked weaker after Sunday&#8217;s weekly close below the 200-week MA, with Bitcoin market participants bracing for lower levels. Bitcoin\u2019s failure to close the week above the 200-week exponential moving average (EMA) on &hellip; <a title=\"Bitcoin still due for \u2018next leg lower\u2019 targeting $46K BTC price?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=55126\"><span class=\"screen-reader-text\">Bitcoin still due for \u2018next leg lower\u2019 targeting $46K BTC price?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":55128,"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-55126","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>Bitcoin still due for \u2018next leg lower\u2019 targeting $46K BTC price? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=55126\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin still due for \u2018next leg lower\u2019 targeting $46K BTC price? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"BTC price action looked weaker after Sunday&#8217;s weekly close below the 200-week MA, with Bitcoin market participants bracing for lower levels. 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