Bitcoin in 'Stress Phase,' But 'Real Opportunity' Starts Afterwards: Can Price Hit $100,000?

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Sellers in control of Bitcoin Late-stage stress phase Advertisement The market is not yet in what appears to be the last stage of stress before an expected significant recovery for Bitcoin. Sellers in control of Bitcoin With Bitcoin trading below important moving averages and sticking to a distinct declining resistance trendline, the current price action reveals a brittle structure. The rejection of every attempt to push higher indicates that sellers are still in control of the overall trend. BTC/USDT Chart by TradingView The recent surge in the $67,000 range does not significantly alter the overall situation. The 200 EMA is still sloping downward above, supporting a macro bearish bias, and the price is still capped below the 50 and 100 EMAs. HOT Stories Elon Musk Posts Bitcoin Anime Girl, BTC Price Remains in Green Will Dogecoin (DOGE) Remove Zero This Week? New Reality for XRP's Price, Shiba Inu's Volatility Compression Is Close: Crypto Market Review In terms of structure, Bitcoin is creating lower highs , and the fact that resistance zones are not being reclaimed indicates that this is still a corrective phase rather than the start of a new uptrend. Advertisement You Might Also Like Sat, 03/28/2026 - 11:16 Coinbase Surpasses Strategy in Institutional Bitcoin Holdings: What About Satoshi? By Caroline Amosun Late-stage stress phase This is consistent with the signals sent by on-chain data. Instead of complete capitulation, the current situation is more akin to a late-stage stress phase. Over a period of about 140 days, the profitability of long-term holders (LTHs) fell precipitously from 58% to just 3%. The market has undergone a major reset, which is indicative of mounting pressure from investors. The important point is that LTH-NUPL is still marginally above zero. In the past, long-term holders have been forced into net unrealized losses in order for durable market bottoms to occur. Weak hands are forced out during that phase, which also resets structural positioning. That process is still ongoing. Advertisement Although they are under pressure, investors have not yet been compelled to realize significant losses. From a price standpoint, this implies that before a true bottom forms, Bitcoin may still have one more leg lower, or at the very least, a protracted period of choppy decline. #Bitcoin #BTCUSDT