Bitcoin and Ethereum: Price predictions for next week

The crypto market weathers the macroeconomic storm

The conflict between the United States and Iran, which began in late February 2026, is starting to leave visible marks on the global economy. The March CPI (Consumer Price Index) data has just been released, revealing that US inflation has risen to 3.3% year over year. This figure, although anticipated by analysts, confirms the rising cost of living linked to tensions in the Middle East.

However, JD Vance’s announcement regarding the failure of negotiations with Iran has put the crypto market under pressure this weekend. Despite this, Bitcoin (BTC) is holding strong around $71,576, posting a 2% intraday drop. Meanwhile, Ethereum (ETH) is also showing resilience, trading at around $2,213.

This stability in the face of hot inflation indicates that investors had already priced in the news. Nevertheless, this resilience might just be the calm before the storm, paving the way for a massive spike in volatility in the coming days.

Can Bitcoin break out and reach $77,000?

From a technical perspective, the king of cryptos is painting an extremely bullish setup. The 4 hour chart reveals the formation of a bull flag, a classic continuation pattern. The flagpole was formed during the recent rally that propelled the price from $68,000 to $72,000.

Currently in a consolidation phase, BTC is testing a crucial 2 hour order block. This is the level where smart money has accumulated the most in recent days. If the price drops below this mark, a return to $68,500 will be the next target. Consequently, hopes for a surge toward $75,000 would be delayed.

In the scenario where Bitcoin holds above $71,000, a 6.8% surge is projected, placing the next price target at $76,564, a significant level for STHs. This mark would represent an unprecedented peak since early February.

Is Ethereum aiming for a massive new rally?

As for altcoins, Ethereum is not lagging behind and displays an equally promising structure. The technical analysis of ETH highlights a strengthening buying momentum. Positive crossovers on the simple moving averages (SMA) and an upward trending RSI (Relative Strength Index) confirm that the bulls are in control.

For Ethereum, the order block and liquidity zone have not been tapped yet. ETH could therefore still see its price drop to $2,180 before initiating a bounce and following Bitcoin toward its new local highs.

This relative strength of Ethereum, coupled with the solidity of Bitcoin, suggests that the crypto market could break free from fears related to US monetary policy. Investors seem to be seeking refuge in digital assets amidst geopolitical and inflationary uncertainty. Above all, this shows that sellers might no longer have the upper hand in the market. Furthermore, this ranging phase is actually a major accumulation phase.

Should you buy now?

With indicators flashing green and a tense macroeconomic environment, the burning question on traders’ lips is: is this the perfect time to accumulate before a historic surge, or does the market risk a surprise retracement in the coming days?

For now, Bitcoin remains bullish in the short and medium term. On the other hand, on chain data such as the Bollinger of the STH (short term holders) MVRV indicates that Bitcoin is facing an initial market overheating resistance at $73,100. Meanwhile, the resistance that could mark the local top for Bitcoin sits between $79,000 and $80,000.

In the short term, traders can attempt to capitalize on the bullish trend over the next few weeks if BTC stays above $71,000. Nevertheless, Bitcoin has a high probability of being rejected by the $80,000 resistance if it reaches that price.

Indeed, trader DrProfits estimates that Bitcoin will push toward $79,000 to $84,000 before seeking lower levels.

Source:

• Tradingview
• Checkonchain
• DrProfits

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