{"id":421832,"date":"2026-03-11T13:59:09","date_gmt":"2026-03-11T08:29:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-battles-its-latest-key-reclaim-target-with-80000-on-the-radar-crypto-news\/"},"modified":"2026-03-11T14:03:38","modified_gmt":"2026-03-11T08:33:38","slug":"bitcoin-battles-its-latest-key-reclaim-target-with-80000-on-the-radar-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-battles-its-latest-key-reclaim-target-with-80000-on-the-radar-crypto-news\/","title":{"rendered":"Bitcoin Battles Its Latest Key Reclaim Target With $80,000 on the Radar &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p data-testid=\"post-description\">Bitcoin open interest sparked a prediction of high BTC price volatility to come as $70,000 remained the bulls&#8217; key reclaim level.<\/p>\n<div><!----><!----><!----><!--[--><\/p>\n<div class=\"_html-renderer_mz5on_1 _html-renderer--with-lightbox_mz5on_10 ct-prose\" data-testid=\"html-renderer-container\">\n<p>Bitcoin (<a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/bitcoin-price\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) waited for cues on Wednesday as the market priced in geopolitical instability.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin traders are waiting for the end of rangebound price action, with the focus on $70,000.<\/p>\n<\/li>\n<li>\n<p>An optimistic forecast says that the low $80,000 zone could come back into play by the end of March.<\/p>\n<\/li>\n<li>\n<p>Open interest trends suggest heightened BTC price volatility next.<\/p>\n<\/li>\n<\/ul>\n<h2>Bitcoin struggles to cement key springboard level<\/h2>\n<p>Data from TradingView showed a flat BTC price on the day, with trading centered around $70,000.<\/p>\n<figure>\n<div class=\"image-container\"><\/div><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour chart. Source: Cointelegraph\/<\/em><a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"nofollow noopener\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>After <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/markets\/bitcoin-orderbook-shows-imbalance-will-dollar70k-hold\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-orderbook-shows-imbalance-will-dollar70k-hold\">failing to break out<\/a> of its local trading range, BTC\/USD looked increasingly devoid of bullish cues as traders stayed wary of price breakdowns.<\/p>\n<p>\u201cNot much has changed, price is still consolidating inside the range,\u201d trader Cryptorphic <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/x.com\/Cryptorphic1\/status\/2031600460461912373\" href=\"https:\/\/x.com\/Cryptorphic1\/status\/2031600460461912373\" target=\"_blank\" rel=\"nofollow noopener\">told<\/a> X followers in their latest analysis.<\/p>\n<blockquote><p>\u201cThe weekly candle closed bearish, and overall the structure still leans sideways unless we get a clear breakout or breakdown.\u201d<\/p><\/blockquote>\n<figure>\n<div class=\"image-container\"><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cdbda-eab9-72dc-ae4d-26044c461985.jpeg\"\/><\/div><figcaption style=\"text-align: center;\"><em>BTC\/USDT one-day chart. Source: Cryptorphic\/X<\/em><\/figcaption><\/figure>\n<p>Trader Killa flagged areas of high potential liquidations as the next short-term price targets.<\/p>\n<p>\u201cIf we start pushing down toward the monthly open and weekly open around $66K\u2013$66.9K, there\u2019s a strong likelihood that the $64K liquidity pool gets swept,\u201d they <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/x.com\/KillaXBT\/status\/2031538776573440052\" href=\"https:\/\/x.com\/KillaXBT\/status\/2031538776573440052\" target=\"_blank\" rel=\"nofollow noopener\">explained<\/a> on the day.<\/p>\n<blockquote><p>\u201cIf we start pushing above 72-73K, the next POI is 74-76K.\u201d<\/p><\/blockquote>\n<figure>\n<div class=\"image-container\"><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cdbda-7049-75c4-afce-094274347c35.jpeg\"\/><\/div><figcaption style=\"text-align: center;\"><em>BTC liquidation heatmap. Source: Killa\/X<\/em><\/figcaption><\/figure>\n<p>For trader and analyst Mark Cullen, meanwhile, there was reason to hope for a move higher if bulls could cement $70,000 as support.<\/p>\n<p>\u201c70K is critical, $BTC needs to get back above and hold for another attempt at a range break out. If it can do that then high 70K&#8217;s \/ low 80K&#8217;s will be on the cards before the end of the month,\u201d he <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/x.com\/mark_cullen\/status\/2031589473813741643\" href=\"https:\/\/x.com\/mark_cullen\/status\/2031589473813741643\" target=\"_blank\" rel=\"nofollow noopener\">summarized<\/a>.<\/p>\n<figure>\n<div class=\"image-container\"><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cdbd9-f3cc-7480-a9a9-ba7b76a6c7f8.png\"\/><\/div><figcaption style=\"text-align: center;\"><em>BTC\/USD four-hour chart. Source: Mark Cullen\/X<\/em><\/figcaption><\/figure>\n<h2>BTC price may see \u201chighly volatile environment\u201d<\/h2>\n<p>Earlier, <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/markets\/bitcoin-hits-71-5k-local-high-analyst-bears-stepping-in-soon\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-hits-71-5k-local-high-analyst-bears-stepping-in-soon\">Cointelegraph reported<\/a> that significant resistance is expected to halt any BTC price advances beyond the $70,000 mark.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/bitcoiner-arthur-hayes-hesitant-buying-btc-federal-reserve-monetary-stance\" href=\"https:\/\/cointelegraph.com\/news\/bitcoiner-arthur-hayes-hesitant-buying-btc-federal-reserve-monetary-stance\"><em><strong>Bitcoin permabull Arthur Hayes says he wouldn&#8217;t bet $1 on BTC right now<\/strong><\/em><\/a><\/p>\n<p>Many market participants continue to expect new macro lows to result from the current rangebound structure, with these currently <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/markets\/biggest-oil-supply-shock-ever-five-things-bitcoin-this-week\" href=\"https:\/\/cointelegraph.com\/markets\/biggest-oil-supply-shock-ever-five-things-bitcoin-this-week\">as low as $50,000 or less<\/a>.<\/p>\n<p>Examining open interest (OI) on Bitcoin futures markets, BorisD, a contributor at onchain analytics platform CryptoQuant, warned of ongoing volatility to come.<\/p>\n<p>\u201cLooking at the most recent days, the 30-day Open Interest change has entered a strong recovery phase. This suggests that new positions are being added back into the market and that volatility is likely to increase over the next few weeks,\u201d he wrote in a \u201c<a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cryptoquant.com\/insights\/quicktake\/69b0459d8792916e61ec6870-Bitcoins-Open-Interest-Is-Rising-Again-Volatility-Ahead\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/69b0459d8792916e61ec6870-Bitcoins-Open-Interest-Is-Rising-Again-Volatility-Ahead\" target=\"_blank\" rel=\"nofollow noopener\">Quicktake<\/a>\u201d blog post on Tuesday.<\/p>\n<blockquote><p>\u201cIn the coming weeks, Bitcoin may face a highly volatile environment. As Open Interest continues to rise, leverage in the market also builds up. This can open the door to stronger price swings, sudden directional moves, and another round of forced liquidations.\u201d<\/p><\/blockquote>\n<figure>\n<div class=\"image-container\"><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cdbd8-e43b-7e37-a5cd-c2138a408cd1.png\"\/><\/div><figcaption style=\"text-align: center;\"><em>Bitcoin futures aggregated OI 30-day % change. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p><template data-type=\"markets_outlook\" data-name=\"subscription_form\" data-label=\"Subscription Form: Markets Outlook\"\/><\/div>\n<p><!--[--><!--]--><!--[--><!----><!--]--><!--]--><!----><\/p>\n<p class=\"mb-6 border-b border-t border-ct-ds-border-stronger pb-6 text-base font-medium text-black\" data-testid=\"post-category-disclaimer\"><!----><span class=\"[&#038;_a:hover]:no-underline [&#038;_a]:underline\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.<\/span><\/p>\n<p><!----><!----><!--[--><span class=\"ct-divider-horizontal my-3\"\/><!--]--><!----><!----><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin open interest sparked a prediction of high BTC price volatility to come as $70,000 remained the bulls&#8217; key reclaim level. Bitcoin (BTC) waited for cues on Wednesday as the market priced in geopolitical instability. Key points: Bitcoin traders are waiting for the end of rangebound price action, with the focus on $70,000. An optimistic [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":421833,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-421832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/421832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=421832"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/421832\/revisions"}],"predecessor-version":[{"id":421834,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/421832\/revisions\/421834"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/421833"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=421832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=421832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=421832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}