The post Bitcoin Price Prediction: BTC Holds $68,000 As Markets Brace For Hormuz Decision appeared on BitcoinEthereumNews.com.

Bitcoin holds firm above $66,000 support despite broad market stress and rising oil prices. Spot netflows flip positive to $73M, signaling early signs of accumulation after days of selling pressure. Trump’s 48-hour ultimatum threatening to hit Iran’s power plants expires Monday evening, with Iran warning of indefinite Hormuz closure in response. Bitcoin trades at $68,477, up 1%, and is quietly outperforming almost everything right now. Gold is down nine consecutive days to $4,360. Asian equities are falling for a third session and approaching correction territory. Bond yields are rising. Brent crude is at $113, up more than 70% year to date. In that environment, Bitcoin losing 6% on the week while holding above a key support level is not a bad outcome. Daily Chart: Symmetrical Triangle Holds As Supertrend Stays Bullish The daily chart shows BTC still inside the symmetrical triangle from the February lows near $59,674 and the descending resistance from October 2025 highs. Price is sitting on the ascending trendline near $67,000 to $68,000, with the Supertrend bullish at $66,129 just below. The 20-day EMA at $69,978 and 50-day at $72,160 are both above price as resistance. The triangle is approaching its apex. As long as the ascending trendline and Supertrend hold, the structure stays intact. A daily close below $66,129 changes that picture entirely. Key levels: Supertrend support: $66,129 Triangle lower boundary: ~$67,000 rising 20-day EMA resistance: $69,978 50-day EMA resistance: $72,160 Triangle upper boundary: ~$74,000 to $76,000 Gold Is Crashing And That’s Not Bullish For Anyone Gold falling nine days straight to $4,360 is not a sign of confidence. The traditional safe-haven narrative has broken down. Alexander Blume of Two Prime pointed out that China and other nations had been systematically buying gold to decouple from Western markets and the dollar. That buying has reversed as…

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Filed under: News - @ March 23, 2026 5:38 pm