BTC Price Prediction: Targets $72,000 by March as Technical Indicators Show Mixed Signals
The post BTC Price Prediction: Targets $72,000 by March as Technical Indicators Show Mixed Signals appeared on BitcoinEthereumNews.com.
Timothy Morano
Feb 28, 2026 06:13
Bitcoin trades at $65,580 with bearish momentum but oversold RSI suggests potential bounce. Technical analysis points to $72,000 upside target if resistance breaks.
BTC Price Prediction Summary • Short-term target (1 week): $69,450 • Medium-term forecast (1 month): $62,000-$72,000 range • Bullish breakout level: $69,450 • Critical support: $62,979 What Crypto Analysts Are Saying About Bitcoin While specific analyst predictions from the past 24 hours are limited, recent institutional forecasts provide valuable context for our BTC price prediction. Standard Chartered recently revised their Bitcoin forecast downward to $150,000 for 2026 from a previous $300,000 target, citing concerns about institutional accumulation sustainability. Carol Alexander from the University of Sussex presents a more conservative view, predicting 2026 trading in a “high-volatility range” between $75,000 and $150,000, with Bitcoin gravitating around $110,000 as markets digest the transition from retail-led cycles to institutionally distributed liquidity. According to on-chain data from major analytics platforms, current price action reflects this institutional transition period, with traditional technical indicators providing clearer guidance than fundamental drivers. BTC Technical Analysis Breakdown Bitcoin’s current technical setup presents a mixed but potentially bullish picture. Trading at $65,580, BTC sits below most key moving averages, indicating near-term bearish pressure. The 7-day SMA at $66,183 provides immediate resistance, while the 20-day SMA at $67,449 represents a more significant hurdle. The RSI reading of 37.89 suggests Bitcoin is approaching oversold territory without being extremely oversold, typically indicating potential for a relief bounce. This RSI level often precedes short-term rallies in trending markets. Bitcoin’s MACD histogram sits at zero with both MACD lines converging at -3,056, suggesting weakening bearish momentum. While still negative, this convergence often signals an impending directional change in our Bitcoin forecast. The Bollinger Band position of 0.20 indicates…
Filed under: News - @ February 28, 2026 6:24 am