Bitcoin BTC/USD is ending the trading week at 70999 and continues to move within a correction and a descending channel. Moving averages indicate a bearish trend. Prices have broken below the signal lines, indicating downward pressure from asset sellers and a potential further decline in BTCUSD prices. At this point, we should expect an attempt at a bullish correction in the coin’s price and a test of the resistance area near 75805. From there, we should expect another downward rebound and a continued decline in the Bitcoin price, with a potential target below 45605.
Bitcoin Forecast BTC/USD March 16 – 20, 2026
An additional signal favoring a decline in BTC/USD quotes during the current trading week (March 16-20, 2026) will be a rebound from the upper boundary of the descending channel. A second signal will be a rebound from the resistance line on the relative strength indicator (RSI), which has already seen several downward rebounds. A strong rally and a breakout of the 79505 area would cancel the Bitcoin downside scenario this trading week. This would indicate a breakout of the resistance area and continued growth in BTC/USD quotes with a potential target above 85605. A breakout of the support area and a close below 56205 would confirm the bearish trend.
Bitcoin Forecast BTC/USD March 16 – 20, 2026 suggests an attempt to break the resistance area near 75805. This would then lead to a continued decline below 45605. A test of the trend line on the relative strength indicator (RSI) would be an additional signal for a decline in the Bitcoin price this trading week. A strong rally and a breakout of the 79505 area would cancel the Bitcoin downside scenario. In this case, a continued rise with a target of 85605 is expected.
