Price predictions 3/27: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK
Bitcoin and select major altcoins have turned down sharply, indicating that the bears are trying to take charge of the market.
Bitcoin’s fall below the $66,000 support heightens the risk of a drop to the $62,500 level.
Select major altcoins have broken below their immediate support levels, opening the gates for further downside.
Bitcoin ( BTC ) is under pressure from the bears, who are attempting to sustain the price below the $66,000 level.
The uncertainty regarding the US and Israel-Iran war is capping the upside and putting downside pressure.
US spot Bitcoin exchange-traded funds recorded $171 million in outflows on Thursday , the biggest since the $348 million in redemptions on March 3, according to Farside Investors data.
Although BTC is facing selling on rallies, the bulls have successfully defended the $60,000 level since Feb.
6.
Glassnode said in its latest Week On-chain newsletter that the sharp contraction in BTC’s entity-adjusted realized profit from $3 billion per day in July 2025 to $0.1 billion currently suggests that the bear market is transitioning into its later stages.
A positive sign in favor of the bulls is that BTC whales and sharks have continued to accumulate .
Santiment said in a post on X that large BTC holders owning between 10 and $10,000 BTC have boosted their holdings by 0.45% in the past month.
Historically, an upside breakout happens when large wallets are accumulating, and retail is selling.
Could BTC and select major altcoins hold on to their crucial support levels?
Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Buyers could not maintain BTC above the $72,000 level on Wednesday.
