Bitcoin Update – 22 March

In the previous report, I highlighted the 20th as a pivot point. In most cases, these dates mark a clear high or low, but sometimes they act as a temporary pause before continuation of the trend and that’s exactly what happened here.Instead of reversing, price continued lower, and as of today, Bitcoin is trading below the 20th’s price level, confirming ongoing weakness in the short term.Current StructureWe are still trading inside the channel, and nothing has changed structurally yet.The key level remains $67,800This is still the make-or-break level for the current move.Scenarios From HereIf we lose $67,800:Continuation to the downside becomes the most likely scenarioNext lower levels will come into play quicklyIf we hold and bounce there is still potential for a local high around 23–24 MarchThis would align with the next timing window