Analyst: If Bitcoin falls below the $66,000 support level, it may trigger a 10%-20% correction

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bitcoin news Market Analysis

Source: blockbeats

2026-03-20 16:05:30

BTC0,01%

Gate News reports that on March 20, licensed market technical analyst (CMT) Aksel Kibar stated on March 21 that the support level for Bitcoin’s potential ascending wedge pattern is at $66,000. A break below this level could trigger a bearish reversal. Aksel Kibar pointed out that the ascending wedge, as a classic technical pattern, typically appears at the end of an upward trend, indicating a loss of momentum. Historical data shows that after a similar downward breakout confirmation, the average correction ranges from 10% to 20%.

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