Aksel Kibar Issues Warning on Bitcoin Price, Predicts Sharp Correction
ByAinvest
Friday, Mar 20, 2026 3:12 pm ET1min read
BTC--
A licensed technical analyst, Aksel Kibar, has warned that the Bitcoin price is approaching a critical support level of $66,000. A downward break of this level could trigger a sharp correction, with historical data indicating average pullbacks of 10% to 20%. The analyst also notes that the overall technical outlook in the crypto market has weakened, with bearish flag and bearish wedge formations observed in many cryptocurrency pairs. Investors are advised to act more cautiously under current market conditions.
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