Bitcoin price prediction: Sideways movement expected? BTC stuck under key resistance

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Bitcoin slides 0.35% to $70,579 today

Highlights

U.S. spot Bitcoin ETFs saw $2.8 billion in March inflows, bringing total assets under management to $100.05 billion despite recent volatility.
Institutional participants like BlackRock and Fidelity expanded Bitcoin holdings amid heightened liquidations of $150.85 million, mostly impacting long positions.
Short- and medium-term technical signals indicate consolidation with likely sideways trading between $69,400 and $71,300 over the next week.

ETFs fuel inflows amid institutional moves and liquidation-driven pressure

Inflows into U.S. spot Bitcoin ETFs reached $2.8 billion in March 2026, with total ETF assets under management growing to $100.05 billion, including an increase of approximately $3 billion in a single day during recent market declines. Institutional activity was observed as BlackRock and Fidelity added Bitcoin to portfolios, while major sell-offs triggered $150.85 million in Bitcoin liquidations, mainly impacting long positions. Regulatory updates have emerged, as clearer rules for digital assets were reported in Europe and Singapore, though price action has remained under broader selling pressure.

Mixed technicals show weak bullish momentum under long-term resistance

BTC is trading above both the SMA-20 ($69,955.28) and SMA-50 ($70,158.26), reflecting short- and medium-term consolidation; however, it remains significantly below the SMA-200 ($93,210.70), underscoring sustained long-term bearish momentum. The Ichimoku Kijun level at $69,255.14 acts as immediate support, with resistance near the upper edge of daily ranges. Daily chart momentum signals remain mixed: MACD suggests the onset of bullishness, ADX points to weak trend strength with a tilt toward sellers, and RSI registers a neutral to bearish 48.83. Stoch RSI and CCI are neutral, BBP signals intraday buyer dominance, and AO is neutral amid moderate volatility.

Limited breakout odds as consolidation range holds sway

BTC is expected to remain within a typical volatility band ranging from $69,400 to $71,300 over the next five trading days. The probability of the asset making a meaningful move above this range is low (less than 20%), indicating a greater likelihood of further decline or continued consolidation. Baseline scenario points to sideways movement between support at $69,400 and resistance at $71,300. A bullish breakout above $71,300 could open room to higher resistance zones, while a close below $69,400 would increase downside risks toward recent local lows.

Anton Kharitonov, expert at Traders Union, notes that Bitcoin is still dealing with long-term bearish pressure despite minor ETF inflows and institutional interest. He sees technical indicators as mixed, with weak trend strength and persistent selling dominating the sentiment. Kharitonov remains cautious, expecting Bitcoin to move sideways between $69,400 and $71,300. "Until price convincingly breaks above $71,300, I see no reason to bet on sustained upside."

In a recent review, analysts noted that Bitcoin’s price action has become increasingly sensitive to global macroeconomic developments, with institutional ETF inflows helping to underpin long-term demand despite interim corrections. Building on this, the current environment is defined by elevated ETF participation and heightened regulatory clarity, but with technicals signaling prolonged consolidation, traders should closely monitor the $69,400 support and $71,300 resistance as potential catalysts for a directional breakout.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.