Bitcoin has retreated to the $68,000 level after another failed attempt to break above $74,000. According to CoinGecko data, the cryptocurrency has declined 4.1% over the past 24 hours and 22.1% since March 2025. Market analysts point to a weaker-than-expected U.S. jobs report and ongoing Middle East tensions as contributing factors to the downturn, though some forecasts remain optimistic for a near-term price recovery.
Bitcoin has once again dipped to the $68,000 price level after attempting to breach $74,000. The asset has tested the $73,000-$74,000 range multiple times over the last month without success.
According to CoinGecko data, BTC’s price has fallen by 4.1% in the last 24 hours and 22.1% since March 2025. However, it remains up by 3.1% over the past week and 0.5% on 14-day charts.
The latest market downtrend could be linked to a U.S. jobs report showing 92,000 fewer jobs in February and an unemployment rate rise to 4.4%. Escalating tension in the Middle East also continues to worry investors globally.
Bitcoin currently faces substantial resistance at the $73,000 price level. Market conditions may change once the larger economy improves and global geopolitical tensions cool off.
CoinCodex analysts are quite bullish on Bitcoin for the next few days, anticipating a climb to $79,358 by March 17, 2026. The platform does not expect Bitcoin to hold that level, predicting a steady correction to around $70,000 by early May.
