Why the crypto market is crashing: When will the Bull Run arrive?

Crypto market sees a downturn. Bitcoin holds strong, but altcoins struggle. Get the latest analysis on the market correction and bull run potential.

Written by Simon Dumoulin

Adapted by March 6, 2026 at 19:38 by Simon Dumoulin

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Bitcoin under pressure: The $70,000 support level in danger

The cryptocurrency market is going through a correction phase, with nearly $35 billion wiped from the total market cap in just one day. After several weeks of euphoria, this pullback serves as a reminder that volatility remains a central characteristic of the crypto ecosystem.

At the center of this correction, Bitcoin (BTC) is attempting to defend the psychological support level of $70,000, a threshold considered crucial by many traders. As long as this level holds, the market structure remains globally bullish and buyers maintain the advantage.

Analysts are particularly monitoring trading volumes. A solid rebound accompanied by high volume could indicate that whales are taking advantage of the dip to accumulate, turning this correction into a simple pause before a new bullish impulse.

This is how I expect $BTC to play out in the coming months.

The structure looks very similar to the 2022 cycle, and there maybe one final dump before the bottom. pic.twitter.com/lgaS2UtVp7
— Ted (@TedPillows) March 5, 2026

Altcoins struggling and market caution

While Bitcoin attempts to resist, altcoins are recording more pronounced losses. The Official Trump (TRUMP) token illustrates this selling pressure with a drop of more than 5% over 24 hours. This is typical of phases where the most speculative assets are the first to correct.

$TRUMP 12h | Market Structure
– At this moment, I expect the price to test the 3.19–3.05 region soon. If this support holds and there's a bullish reaction, a move up toward 3.46–3.49 is possible, but the overall trend remains bearish unless price reclaims 3.69 with strength.
– If… pic.twitter.com/ukvf5l6Rvs
— Finora AI – Your Trade Buddy (@Finora_EN) March 6, 2026

During these periods of uncertainty, capital tends to reposition toward assets deemed safer, such as Bitcoin or stablecoins. This phenomenon can temporarily curb any prospect of an altseason, as long as BTC doesn’t clearly stabilize its price.

Despite the current decline, some analysts believe this is simply a healthy correction after a prolonged rally. On-chain indicators show that long-term holders are not selling massively. This leaves open the possibility of a new bullish movement if the $70,000 support holds in the coming days.

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Simon Dumoulin

Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.

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