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.

加密货币价格预测：加密货币市场周末开始看跌，比特币预计会突然回调，导致其价格跌破 70000 美元。抛售压力蔓延至山寨币市场，以太坊和 XRP 等主要代币下跌 8-10%，而卡尔达诺和狗狗币在过去 24 小时内下跌约 12%。市场低迷可能与价值超过 30 亿美元的比特币和以太坊期权于 3 月 15 日星期五到期有关。

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 最近的一条推文所强调的那样，加密货币市场经历了严重的清算，清算总额达 5.76 亿美元，其中多头订单占 4.48 亿美元。值得注意的是，有 16.7 万名交易者受到影响，最大单笔强平订单发生在 OKX 的 BTC-USDT 掉期交易中，价值 1330.02 万美元。这一事件凸显了市场的波动性以及与杠杆头寸相关的高风险。

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…

币安显示，比特币跌破68,000美元，目前报价为67,788美元，24小时内下跌7.53%。 Coinglass 显示，过去 24 小时内整个网络已清算 5.76 亿美元，其中多头订单为 4.48 亿美元。 16.7万人被清算。最大的单体…

— 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，随着整体趋势看涨，市场专家暗示交易者有“逢低买入”的机会。

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

另请阅读：加密货币市场抛售：比特币、ETH、XRP、ADA、SHIB 今天崩溃的主要原因

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）比特币（BTC）比特币是第一个也是最知名的加密货币去中心化数字货币，无需中介即可实现点对点交易。 3 月上半月，BTC 价格明显看涨，市场参与者见证了从 59000 美元跃升至 73650 美元，涨幅达 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. 

比特币(BTC)|然而，复苏反弹见证了本周中供应压力的激增，导致过去 48 小时内下跌 8.6%。比特币市值为 1.3 万亿美元，交易价格为 67300 美元，见证了交易者新的调整情绪。

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，根据 Lookonchain 的数据，比特币鲸鱼已从 Kraken 提取了 800 BTC（价值 5724 万美元），自 3 月 1 日以来，该交易所总共转移了 13,240 BTC（价值 9.09 亿美元）。这笔交易让聪明的投资者看到了逢低买入的机会，并且有可能比目前 73750 美元的最高价格有更高的复苏潜力。

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

在 $BTC 价格下跌后，鲸鱼再次从 #Kraken 提取了 800 $BTC（5724 万美元）。

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，鲸鱼已从 #Kraken 提取了 13,240 美元 BTC（9.09 亿美元）。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.

根据斐波那契回撤水平，市场交易者可能会在 65487 美元和 60350 美元处发现合适的需求压力，与 23.6% 和 38.2% FIB 水平一致。

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

另请阅读：随着比特币 (BTC) 价格暴跌 7%，5.76 亿美元被清算，未来还会有更多痛苦吗？

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）卡尔达诺（ADA）卡尔达诺（ADA）是一个以强调安全性和可持续性而闻名的区块链平台，由权益证明共识机制提供支持。它以其严格的、研究驱动的开发方法而脱颖而出，旨在提供更具可扩展性、可互操作性和可持续的区块链解决方案。

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.

卡尔达诺(ADA)| TradingviewADA 是卡尔达诺生态系统的原生代币，在过去两年中波动性激增，价格在 0.8 美元和 0.68 美元的水平水平内共振。卡尔达诺价格盘中下跌 7.75%，跌至 0.695 美元，挑战新区间的底部支撑。

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. 

截至发稿时，卡尔达诺币的市值为 245 亿美元，而交易价格则在 17 亿美元左右波动。突破水平区间将是 ADA 价格启动定向走势的关键指标。

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

另请阅读：Cardano (ADA) 在 Kelexo (KLXO) 的推动下崛起，以太坊 (ETH) 和 Filecoin (FIL) 引领加密货币借贷新时代，预计将激增 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）狗狗币（DOGE）狗狗币（DOGE）最初是一种迷因，但现已发展成为一种广泛认可的加密货币，因其充满活力的社区以及在小费和慈善捐赠中的使用而受到赞赏。在最近加密市场的 meme 反弹中，DOGE 价格从 2 月底的低点 0.081 美元飙升至近期高点 0.206 美元，涨幅达 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，过去两周，流行的模因币的波动性加剧，两条趋同趋势线之间的价格整合就证明了这一点。狗狗币目前的市值为 24.47 美元，盘中价格下跌 6.8%，卖家预计将跌破较低趋势线。

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.

目前交易价格为 0.156 美元，DOGE 价格从三角形的崩溃将使该资产暴跌至 0.147 美元的即时支撑位，然后是 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，从理论上讲，由这些汇聚趋势线形成的三角旗模式暗示了上升趋势持续的更大潜力，这可能会将狗狗币价格推升至 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.

要点在经历了积极的复苏趋势之后，比特币价格可能会出现调整后，这为买家提供了恢复实力的机会。由于整体趋势强烈看涨，此次回调可能为潜在买家提供合适的下跌机会。