Bitcoin Price Outlook: Could the $70,000 Bottom Be Coming Soon?

Bitcoin Price Outlook: Will It Hit $70,000 or Rebound to $90,000?

Bitcoin Price Outlook – Bitcoin is experiencing a significant sell-off as investors who bought near the cryptocurrency’s all-time high of $109,000 in January are now panic-selling amid the price decline. According to on-chain analytics firm Glassnode, the recent market behavior indicates that Bitcoin could potentially fall to $70,000.

Sell-Off by Top Buyers Driving Loss Realization

In its March 11 market report, Glassnode noted that a recent wave of selling by short-term holders has led to “intense loss realization and a moderate capitulation event.” The surge of buyers paying higher prices in recent months is reflected in the short-term holder realized price, which tracks the average purchase price for holders who have held Bitcoin for less than 155 days.

As of October 2025, the short-term realized price was around $62,000. However, by the time of publication, it had risen to $91,362, showing a 47% increase over five months, according to Bitbo data. Bitcoin’s current price stands at $81,930, leaving the average short-term holder with an unrealized loss of approximately 10.6%. This trend suggests that market momentum has turned negative, with capital flows indicating a weakening demand for Bitcoin.

Potential Bitcoin Price Drop to $70K

Glassnode further highlighted that short-term holders are “deeply underwater” between the $71,300 and $91,900 range. The firm warned that if selling pressure continues, Bitcoin could see a bottom near $70,000. This possibility aligns with previous market behavior observed in August 2025, when Bitcoin’s price dropped from $68,000 to around $49,000 amid fears of a recession and weaker economic data in the U.S.

Recent Market Recovery and Optimism

Despite the ongoing sell-off, Bitcoin saw a 7.5% increase over the past 24 hours as the U.S. market steadied on March 11. The recovery came after a sharp drop the previous day, following U.S. President Donald Trump’s statement that he had not ruled out the possibility of a recession. This indicates that market sentiment remains highly sensitive to economic news, with further volatility expected in the short term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.