Bitcoin Price Prediction – BTC Remains Flat at $67,700 as Macro Risks Persist

Highlights:

• Bitcoin edges higher, signalling the possibility of intraday profit-taking 
• Macro sentiment, particularly the Iran war, continues to drive Bitcoin’s outlook
• Counterparty concerns following Goliath Ventures’ bankruptcy and weak retail participation could limit upside

Bitcoin (BTC) is making minor gains intraday. When writing, Bitcoin was trading at $67,739, up by 1.61% in the day. While the price is little changed, BTC trading volumes have shot up intraday. They are up 56.11% to $29.99 billion. This shows that investor interest could be returning in the short term. However, it could mean investors are using the intraday pump to exit their positions in anticipation of a short-term selloff. Both sides of this trade are likely due to what is happening in the market at the moment. 

BTC Could Rebound If a Peace Deal Emerges In the Middle East 

One of the key factors that supports a return of investors to Bitcoin is what is happening across the market. Bitcoin tends to track the S&P 500, which has been in a heavy selloff for 6 weeks now. After such a heavy selloff, investors are likely anticipating a rebound as stocks enter oversold territory. Already, major US stock indices are showing some gains intraday. By extension, Bitcoin is also showing a similar price action. If the rebound continues, Bitcoin could be headed toward $70k or higher.

A key factor supporting this marketwide rebound is the ongoing relative calm in the Middle East. Since Trump held off from a major attack on Iran last week, hostilities have dropped significantly. While there are rumours of a ground invasion, so far, nothing has happened, and markets are responding accordingly.

At the same time, reports indicate that mediation talks are ongoing, led by Pakistan. If these talks lead to a favourable outcome, a rally could follow across all risk-on assets, including BTC. However, multiple factors could also make this a random intraday price bounce in an overall bear market.

It has been interesting to see the sudden positioning of Pakistan amidst the crisis.

Today it hosts foreign ministers from Saudi Arabia, Turkey and Egypt in Islamabad for ceasefire talks.

To many wondering why it is mediating, and not India or Oman? Here's what I see 🧵

— Tanvi Ratna (@tanvi_ratna) March 29, 2026

Bearish US Stocks Likely to Push Bitcoin Lower

US stock market indices charts are clearly in bear territory after a month in the red. As such, the intraday rebound could soon be followed by another leg down. Bitcoin, already showing weakness by failing to hold above $70k, would see even more lows in such a scenario.

A key factor that could see this scenario play out quickly is if the US attempts a ground invasion of Iran. There is also the fact that the Houthis have entered the war. If they close the narrow waterway leading to the Suez Canal, global supply chains would face two chokepoints.

🚨BREAKING: The global economy is flashing red

Oil just crossed $115 a barrel.

The Dow dropped nearly 800 points Friday and is officially in correction territory.

The S&P 500 has fallen five weeks in a row, hitting its lowest point in seven months.

Asian countries are… https://t.co/r7p3WzU4Gx pic.twitter.com/KDCzel47ai

— Mario Nawfal (@MarioNawfal) March 29, 2026

Counterparty Risks Could Mute New Investor Interest In Bitcoin

Beyond external factors, investors are increasingly recognizing that BTC, like other assets, faces counterparty risk. This is most evident with the recent filing of Chapter 11 Bankruptcy protection by Goliath Ventures. The move by Goliath shows that investors still face real risks from institutions they rely on for their various cryptocurrency transactions.

Goliath Ventures just filed for bankruptcy after their crypto empire crumbled faster than my portfolio during a bear market. Turns out even giants can't survive when Bitcoin decides to take a nosedive. RIP to another overleveraged fund

— PUPPA (@PuppaCoin) March 29, 2026

Such risks, at a time when the macro environment is weighing heavily on the market, could send prices lower in the short term. Besides, the cryptocurrency market has struggled to attract retail money since 2025. As such, news of bankruptcy and charges for the Goliath Ventures founder could add to skepticism. Overall, despite the intraday rebound, Bitcoin remains weak, mirroring the broader risk-on market.

Technical Analysis – BTC In Multi-Week Range Despite Weak Price Action

Despite the minor uptick in the day, Bitcoin is still stuck in a range between the $74,882 resistance and $62,618 support. If bulls take control and push Bitcoin through the $74,882 resistance, a rally to $80k could follow.

However, if bears push Bitcoin below the $62,618 support level, it could drop to as low as $55k in the short term. Of these scenarios, a correction to prices below $60k seems more likely. That’s because BTC has a strong correlation to stock markets that are currently entering bear territory. The Bankruptcy of institutions like Goliath Ventures may also not inspire new investor confidence, especially under current market conditions.