Coin Outlook, Seeking Buying Opportunities Amid Recent Volatility

Opinions are divided on the outlook for Bitcoin and the cryptocurrency market. After a sharp drop on Thursday, BTC is currently rebounding at around $70,860, up 5.13% over the past 24 hours. The crypto market has been influenced by traditional financial volatility, but experts expect a short-term correction followed by a long-term bullish trend.

On Thursday, the crypto market experienced widespread sell-offs amid the sharp decline in the US stock market (NASDAQ down over 2%) and a plunge in gold prices. However, while traditional markets managed a significant rebound in the afternoon, cryptocurrencies including Bitcoin remained near their intraday lows. This suggests that cryptocurrencies are still classified as risky assets.

Support Level Defense as a Turning Point

Matt Mena, a crypto research strategist at 21Shares, emphasizes that maintaining the $84,000 support level for BTC is crucial. If this support breaks, the next target is $80,000, with a potential drop to the lows of $75,000 seen during the April 2025 tariff turmoil.

Nevertheless, Mena maintains that current prices offer an “attractive entry point.” He predicts that if macroeconomic conditions permit, BTC could reach $100,000 by the end of Q1 and possibly break the all-time high of $128,000 in the future.

Bearish Scenarios and Market Outlooks from Analysts

Some experts adopt a more cautious stance. John Glover, Chief Investment Officer at Bitcoin lender Ledn, states that the current sell-off is part of a broad correction starting from the record high of $126,000 in October. He warns that BTC could fall as much as 43% to $71,000.

Russell Thompson, CIO of Hilbert Group, expressed stronger concerns. “All technical support levels have broken down, and there’s no clear support for Bitcoin,” he said, suggesting a possible drop to $70,000. However, he added that the recent regulatory easing announcement (Clarity Markup) is a positive signal.

Altcoin Market and Market Sentiment Shift

Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) each fell about 7% during Thursday’s plunge. However, as of the latest data (March 23, 2026), they are showing signs of recovery:

• Ethereum (ETH): +6.32% (24h)
• Solana (SOL): +7.48% (24h)
• XRP: +4.59% (24h)
• Dogecoin (DOGE): +6.51% (24h)

Crypto-related companies are also recovering. Coinbase (COIN), Circle (CRCL), MicroStrategy (MSTR), among others, have risen alongside the traditional stock market recovery (S&P 500 and NASDAQ up about 1.2%).

Key Variables Influencing Future Market Trends

Experts analyze that the strength of the US dollar and Treasury yields are primary drivers of current market uncertainty. While many hoped Bitcoin would function as “digital gold,” it is still perceived as a risky asset and tends to be sold off along with stocks.

However, many analysts believe this correction is temporary. Glover concludes, “This situation is temporary, and we expect Bitcoin prices to rebound in the coming quarters.” Overall, the outlook suggests that short-term fluctuations in oil prices and geopolitical risks could test the $74,000–$76,000 range, but worsening conditions might push prices down to the mid-$60,000s.

The current price zone is a phase of both risk and opportunity, and investors should consider their outlook and risk appetite to determine positioning strategies.