Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Bitcoin Market Sell-Offs Nearing Conclusion, According to Blockforce Capital, 2026/03/14 12:42:41
Bitcoin sell-offs are nearing their conclusion. The current market conditions resemble the patterns observed in previous cycles before a recovery begins, stated Brett Munster, an analyst at Blockforce Capital.
According to him, a combination of technical indicators suggests that the current downtrend may be coming to an end. Key metrics are establishing a significant support zone.
“The realized price of Bitcoin—the average cost at which coins last moved on the network—is currently around $54,000. Meanwhile, the 200-week moving average serves as a strong support level near $58,000,” the analyst noted.
Related Posts
Munster views the range of $45,000 to $60,000 as a likely accumulation zone for long-term investors. He recalled that in February, Bitcoin’s price briefly dipped to $60,000, followed by a rebound.
For a sustainable recovery, the market will need an influx of new capital. The expert mentioned that initial signs of renewed demand are already visible: U.S. spot Bitcoin ETFs have begun to see inflows again after several months of outflows.
A reduction in selling pressure could amplify the impact of even modest investments. In this scenario, Munster estimates that there is a possibility of a new bullish trend starting around the middle of the year.
Previously, Geoffrey Kendrick, head of digital asset research at Standard Chartered, stated that a new strong bullish cycle in the crypto market may not commence until 2027.
