Analyst: Bitcoin may further decline to the $60,000 support level

DeepFlowTech · 2026-03-30T03:28:46+00:00

Affected by geopolitical conflicts, high oil prices, and inflation, Bitcoin's price has fallen back to $66,966, with market sentiment "extremely panicked." Nevertheless, institutional capital inflows remain optimistic, and a rebound to $70,000 is expected.

DeepFlowTech

2026-03-30 03:28:46

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According to Deep Tide TechFlow news on March 30, The Block reported that due to the ongoing geopolitical conflict between the U.S. and Iran, high oil prices, and rising inflation concerns, Bitcoin is currently priced at approximately $66,966, a significant drop from last week’s high of $71,000, and it briefly fell to $65,000 last Saturday. The Fear and Greed Index shows a current reading of 9, indicating the market is in a state of “extreme fear.”

BTSE Chief Operating Officer Jeff Mei stated that oil and gas prices will remain high and drag down economic growth, potentially causing Bitcoin to further test the support level at $60,000. However, institutional funding remains relatively optimistic, with monthly net inflows into U.S. spot Bitcoin ETFs exceeding $1.13 billion, reversing four consecutive months of net outflows. Strategy continues to accumulate, and Morgan Stanley is also set to launch a low-fee Bitcoin ETF. Analysts pointed out that if this week’s U.S. initial jobless claims and non-farm employment data show weakness, it may trigger a recovery in risk appetite; if the U.S.-Iran situation eases, Bitcoin could also be expected to return above $70,000.

BTC1,64%

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