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Bitcoin likely to drop further toward $46,000-$54,000 before bottoming, says on-chain data analysis.

Technical Signals
30 Mar 2026
Finbold
View Source
Bearish
pluang ai news

On-chain data and technical analysis indicate Bitcoin may face more losses before stabilizing, with a potential bottom range between $46,000 and $54,000. The CVDD Floor Model and declining capital inflows suggest weakening investor conviction and price momentum. Technical patterns show Bitcoin breaking below a rising wedge, signaling a possible continuation of the downtrend toward $50,000. Current trading below key moving averages and a low RSI reinforce a weak market structure and fading buying strength.

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