COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- Cryptocurrencies have been in the spotlight following the recent approval of the spot ETH ETF.
- Despite this, Bitcoin remains the primary focus for investors and analysts.
- Crypto analyst Mags highlights the potential for Bitcoin to test support around $65,000.
Discover the latest insights on Bitcoin’s price movements and market sentiment in the wake of the spot ETH ETF approval.
How Low Can Bitcoin Drop?
Following significant news, cryptocurrencies often experience price drops, a pattern also seen with ETF approvals. Investors had anticipated a strong sell-off during BTC ETF approval, which caused initial worry. Currently, Bitcoin is maintaining its value near its peak, though cautious sentiment persists among investors after the positive SEC news. Crypto analyst Mags highlights that Bitcoin’s recent failure to surpass its all-time high may lead to a support test around $65,000. Mags suggests that consolidation at this level is probable before the next upward movement.
When Will Bitcoin Hit Bottom?
Analyst George references the price behavior observed on March 14, noting a potential drop to $60,000. He emphasizes the importance of identifying the right entry points for long positions, predicting a significant rise from either the current level or a local bottom area. Expert Poppe echoes these sentiments, predicting prolonged consolidation for Bitcoin, potentially reaching levels between $61,000 and $63,000.
Key Takeaways for Investors
– Monitor Bitcoin’s resistance near the $65,000 range.
– Watch for consolidation patterns as indicators for entering long positions.
– Be aware of economic data, such as the Service PMI, impacting market sentiment.
– Understand the Fed’s inflation targets and their effect on risk markets.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Additionally, the recent dip in Bitcoin’s value is not entirely attributed to ETF approval. The Service PMI data indicates stronger-than-expected economic activity, leading to inflation concerns. The Fed’s delayed target achievement for 2% inflation has made the market outlook less favorable for high-risk assets.
Conclusion
In conclusion, while the approval of the spot ETH ETF has not significantly impacted Bitcoin’s price, the market remains cautious. Analysts suggest that Bitcoin may test support levels around $65,000 before any significant upward movement. Investors should monitor key resistance levels and economic indicators to make informed decisions. The ongoing consolidation phase presents both risks and opportunities, emphasizing the need for strategic entry points in the market.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |