Bitcoin Reaches $70,000 as Ethereum, XRP, and Dogecoin Shorts Unwind After Trump Strike Delay
March 25, 2026
Bitcoin reached the impressive milestone of $70,000 on the morning after President Trump announced a postponement of his deadline to launch a strike on Iranian energy facilities. The cryptocurrency market saw some movement, with meme coins experiencing a 3% increase in market capitalization to $33.4 billion over the past 24 hours.
According to crypto chart analyst Ali Martinez, Bitcoin is currently moving within a “no-trade zone” with boundaries set between $65,636 and $70,685. This range has seen significant activity, with approximately 1.72 million BTC being traded, indicating strong participation from both buyers and sellers. Martinez highlighted this range as a crucial battleground, where a breakout or breakdown will determine the direction of the next major movement.
In terms of Ethereum, Martinez identified key MVRV levels, citing $1,655 as essential support and $2,356 as an initial resistance level. A potential breakout could propel Ethereum towards the $2,647–$3,639 range in the midterm, with even larger upside zones of $4,632–$5,624 in the longer term. On the other hand, Crypto Tony suggested that Solana might see a decline towards the $77 level as a potential downside target.
Martinez also observed a significant development with XRP, where whales accumulated around 40 million tokens in the past week. Coupled with a TD Sequential buy signal, this accumulation could indicate a potential rebound for XRP. Meanwhile, Trader Tardigrade expressed caution regarding Dogecoin’s current situation. While Dogecoin is still holding onto support at the daily close, weakening momentum, evidenced by the relative strength index breakdown and the MACD approaching a bearish crossover, suggests a critical zone for risk management.
The overall sentiment in the cryptocurrency market seems to reflect a cautious optimism, with various analysts pointing out key levels to watch for different cryptocurrencies, such as Bitcoin, Ethereum, XRP, Solana, and Dogecoin. With major developments like President Trump’s announcement impacting the market, traders and investors will be closely monitoring price movements and key support and resistance levels to make informed decisions in the ever-changing landscape of cryptocurrency trading.
