Bitcoin is reaching the US$70,000 level, although some have speculated that this level will not be reached until the end of March. Bitcoin's price rise is motivated not only by an influx of funds into ETFs, but also by the expectation of halving or also the weakness of the US dollar. There has also been recent talk of the return of wallets frozen for years, which could theoretically pose a threat to the stability of this cryptocurrency if a large amount of Bitcoin were to be dumped into the market.
Some analysts point out that the price of Bitcoin could be doubled if there is a repeat of history. When Bitcoin previously beat its historical peaks, the price doubled over the couples of weeks. The exception was in 2021.
Nevertheless, after reaching 70,000, the price of Bitcoin settled down to 67,000, a retracement of around 4%. Currently, the price is trying to stabilize above 68000.
Source: xStation5
Daliy Summary: Iran Seeks Truce as Markets Brace for Wednesday
Crypto News ⚡ Bitcoin under Pressure: Will it drop again?
Morning Wrap: Ceasefire Fuels Wall Street Gains, but Political Uncertainty Remains
Bitcoin surges almost 4% to the highest level since the beginning of February 2026
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
