Crypto Price Prediction: The cryptocurrency market witnessed a bearish start of the weekend, as Bitcoin projected a sudden pullback which plunged its price below $70000. The selling pressure spread to the altcoin market as major coins like Ethereum and XRP dropped 8-10%, while Cardano and Dogecoin dropped around 12% in the last 24 hours. The market downturn can be associated with the expiry of over $3 billion worth of Bitcoin and Ethereum options on Friday, March 15.

加密貨幣價格預測：加密貨幣市場週末開始看跌，比特幣預計會突然回調，導致其價格跌破 70,000 美元。拋售壓力蔓延至山寨幣市場，以太幣和 XRP 等主要代幣下跌 8-10%，而卡爾達諾和狗狗幣在過去 24 小時內下跌約 12%。市場低迷可能與價值超過 30 億美元的比特幣和以太坊期權於 3 月 15 日星期五到期有關。

As highlighted by a recent tweet by WuBlockchain, the cryptocurrency market experienced significant liquidations, totaling $576 million, with long orders constituting $448 million of this. Notably, 167,000 traders were affected, and the largest single liquidation order, valued at $13.3002 million, occurred on OKX in a BTC-USDT swap. This event highlights the market’s volatility and the high risks associated with leveraged positions.

正如 WuBlockchain 最近的一條推文所強調的那樣，加密貨幣市場經歷了嚴重的清算，清算總額達 5.76 億美元，其中多頭訂單佔 4.48 億美元。值得注意的是，有 16.7 萬名交易者受到影響，最大單筆強平訂單發生在 OKX 的 BTC-USDT 掉期交易中，價值 1330.02 萬美元。這起事件凸顯了市場的波動性以及與槓桿部位相關的高風險。

Binance shows that Bitcoin fell below $68,000 and is now quoted at $67,788, down 7.53% in 24h. Coinglass shows that the entire network has been liquidated to $576 million in the past 24h, including $448m in long orders. 167,000 people have been liquidated. The largest single…

幣安顯示，比特幣跌破68,000美元，目前報價67,788美元，24小時內下跌7.53%。 Coinglass 顯示，過去 24 小時內整個網路已清算 5.76 億美元，其中多頭訂單為 4.48 億美元。 16.7萬人被清算。最大的單體…

— Wu Blockchain (@WuBlockchain) March 15, 2024

— Wu Blockchain (@WuBlockchain) 2024 年 3 月 15 日

However, with the overall trend bullish market experts hint at a ‘buy-the-dip’ opportunity for traders.

然而，隨著整體趨勢看漲，市場專家暗示交易者有「逢低買進」的機會。

Also Read: Crypto Market Selloff: Top Reasons Why Bitcoin, ETH, XRP, ADA, SHIB Crash Today

另請閱讀：加密貨幣市場拋售：比特幣、ETH、XRP、ADA、SHIB 今天崩潰的主要原因

1)Bitcoin(BTC)

Bitcoin is the first and most well-known cryptocurrency decentralized digital currency that enables peer-to-peer transactions without the need for intermediaries. The BTC price has been notably bullish for the first half of March as market participants witnessed a jump from $59000 to $73650, registering a 24.8% gain.

1）比特幣（BTC）比特幣是第一個也是最知名的加密貨幣去中心化數位貨幣，無需中介即可實現點對點交易。 3 月上半月，BTC 價格明顯看漲，市場參與者見證了從 59,000 美元躍升至 73,650 美元，漲幅達 24.8%。

However, the recovery rally witnessed a surge in supply pressure this mid-week leading to an 8.6% drop in the last 48 hours. With a market cap of $1.3 Trillion, the Bitcoin price trades at $67300 witnessing a new correction sentiment among traders. 

比特幣(BTC)|然而，復甦反彈見證了本周中供應壓力的激增，導致過去 48 小時內下跌 8.6%。比特幣市值為 1.3 兆美元，交易價格為 67,300 美元，見證了交易者新的調整情緒。

However, a Bitcoin whale has withdrawn 800 BTC (worth $57.24M) from Kraken, adding to a total of 13,240 BTC ($909M) moved from the exchange since March 1, according to Lookonchain. This transaction the smart money sees a buy-the-dip opportunity and potential for higher recovery than the current ATH of $73750.

然而，根據 Lookonchain 的數據，比特幣鯨魚已從 Kraken 提取了 800 BTC（價值 5,724 萬美元），自 3 月 1 日以來，該交易所總共轉移了 13,240 BTC（價值 9.09 億美元）。這筆交易讓聰明的投資者看到了逢低買入的機會，並且有可能比目前 73750 美元的最高價格有更高的復甦潛力。

After the $BTC price dropped, the whale withdrew 800 $BTC($57.24M) from #Kraken again.

在 $BTC 價格下跌後，鯨魚再次從 #Kraken 提取了 800 $BTC（5724 萬美元）。

The whale has withdrawn 13,240 $BTC($909M) from #Kraken since Mar 1.https://t.co/4Hd54e1CmA pic.twitter.com/IllPcyraGQ

自 3 月 1 日起，鯨魚已從#Kraken 提取了 13,240 美元 BTC（9.09 億美元）。 https://t.co/4Hd54e1CmA pic.twitter.com/IllPcyraGQ

— Lookonchain (@lookonchain) March 15, 2024

— Lookonchain (@lookonchain) 2024 年 3 月 15 日

As per the Fibonacci retracement level, the market traders may find suitable demand pressure at $65487, and $60350 coinciding with the 23.6% and 38.2% FIB levels.

根據斐波那契回撤水平，市場交易者可能會在 65487 美元和 60350 美元處發現合適的需求壓力，與 23.6% 和 38.2% FIB 水平一致。

Also Read: $576 Million Liquidated As Bitcoin (BTC) Price Cracks 7%, More Pain Ahead?

另請閱讀：隨著比特幣 (BTC) 價格暴跌 7%，5.76 億美元被清算，未來還會有更多痛苦嗎？

2)Cardano(ADA)

Cardano (ADA) is a blockchain platform known for its emphasis on security and sustainability, powered by a proof-of-stake consensus mechanism. It stands out for its rigorous, research-driven approach to development, aiming to offer more scalable, interoperable, and sustainable blockchain solutions.

2）卡爾達諾（ADA）卡爾達諾（ADA）是一個以強調安全性和永續性而聞名的區塊鏈平台，由權益證明共識機制提供支持。它以其嚴格的、研究驅動的開發方法而脫穎而出，旨在提供更具可擴展性、可互通性和可持續的區塊鏈解決方案。

ADA, the native token of the Cardano ecosystem, has seen a surge in volatility in the past two where the price resonates within $0.8 and $0.68 horizontal levels. With an intraday loss of 7.75%, the Cardano price plunged to $0.695 teasing the bottom support of the new range.

卡爾達諾(ADA)| TradingviewADA 是卡爾達諾生態系統的原生代幣，在過去兩年中波動性激增，價格在 0.8 美元和 0.68 美元的水平水平內共振。卡爾達諾價格盤中下跌 7.75%，跌至 0.695 美元，挑戰新區間的底部支撐。

By press time, the Cardano coin stands at a market cap of $24.5 Billion while the trading price wavers at $1.7 billion. A breakout beyond the horizontal range will be a key indication for ADA price to initiate a directional move. 

截至發稿時，卡爾達諾幣的市值為 245 億美元，而交易價格則在 17 億美元左右波動。突破水平區間將是 ADA 價格啟動定向趨勢的關鍵指標。

Also Read: Cardano (ADA) Ascends Amid Kelexo (KLXO) Leading the New Era with Ethereum (ETH) and Filecoin (FIL) in Crypto Lending Anticipating a 30X Surge

另請閱讀：Cardano (ADA) 在 Kelexo (KLXO) 的推動下崛起，以太坊 (ETH) 和 Filecoin (FIL) 引領加密貨幣借貸新時代，預計將激增 30 倍

3)Dogecoin (DOGE)

Dogecoin (DOGE) started as a meme but has grown into a widely recognized cryptocurrency, admired for its vibrant community and use in tipping and charitable donations. Amid the recent meme rally in the crypto market, the DOGE price surged from a late February low of $0.081 to its recent high of $0.206, registering 151% growth.

3）狗狗幣（DOGE）狗狗幣（DOGE）最初是一種迷因，但現已發展成為一種廣泛認可的加密貨幣，因其充滿活力的社區以及在小費和慈善捐贈中的使用而受到讚賞。在最近加密市場的 meme 反彈中，DOGE 價格從 2 月底的低點 0.081 美元飆升至近期高點 0.206 美元，漲幅達 151%。

However, the popular memecoin has witnessed heightened volatility in the past two weeks, evidenced by price consolidation between two converging trendlines. The Dogecoin’s current market cap stands at $24.47, and with an intraday price drop of 6.8%, the sellers teased a breakdown below the lower trendline.

然而，過去兩週，流行的迷因幣的波動性加劇，兩條趨同趨勢線之間的價格整合證明了這一點。狗狗幣目前的市值為 24.47 美元，盤中價格下跌 6.8%，賣家預計將跌破較低趨勢線。

Currently trading at $0.156, the DOGE price breakdown from the triangle will plunge the asset to immediate support of $0.147, followed by $0.13.

目前交易價格為 0.156 美元，DOGE 價格從三角形的崩潰將使資產暴跌至 0.147 美元的即時支撐位，然後是 0.13 美元。

However, in theory, the pennant pattern formed from these converging trendlines hints at a higher potential for uptrend continuation, which may uplift the Dogecoin price to 0.27 high. 

然而，從理論上講，由這些匯聚趨勢線形成的三角旗模式暗示了上升趨勢持續的更大潛力，這可能會將狗狗幣價格推升至 0.27 高位。

Takeaway

After an aggressive recovery trend, the Bitcoin price is likely witnessing a post-correction, which provides buyers an opportunity to recuperate their strength. With the overall trend strongly bullish this retracement may offer a suitable dip opportunity to potential buyers.

重點在經歷了積極的復甦趨勢之後，比特幣價格可能會出現調整後，這為買家提供了恢復實力的機會。由於整體趨勢強烈看漲，此次回檔可能為潛在買家提供合適的下跌機會。