{"id":69864,"date":"2026-03-19T07:37:40","date_gmt":"2026-03-19T07:37:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-retests-70k-as-veteran-trader-flags-ugly-setup\/"},"modified":"2026-03-19T07:37:40","modified_gmt":"2026-03-19T07:37:40","slug":"bitcoin-retests-70k-as-veteran-trader-flags-ugly-setup","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-retests-70k-as-veteran-trader-flags-ugly-setup\/","title":{"rendered":"Bitcoin retests $70K as veteran trader flags &#8216;ugly&#8217; setup"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/Bitcoin-price-outlook-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/Bitcoin-price-outlook-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/Bitcoin-price-outlook-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/Bitcoin-price-outlook-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin traded to intraday lows of $70,500 amid key macro and geopolitical-related events.<\/li>\n<li>Veteran trader Peter Brandt has highlighted a potential bearish retest of support.<\/li>\n<li>The Iran war and inflation concerns tick potential negative catalysts boxes.<\/li>\n<\/ul>\n<p>Bitcoin price flipped lower to trade below $70,500 as sellers showed fresh strength, with BTC down as cryptocurrencies reacted to US inflation data, the Federal Reserve\u2019s rate decision, and the escalation in the Iran war.<\/p>\n<p>Veteran trader Peter Brandt has shared his outlook for BTC in terms of technical setup, noting that a constructive \u201chorn\u201d remains in play. However, it could also be an \u201cugly\u201d flag pattern.<\/p>\n<h2>BTC price 24-hour performance<\/h2>\n<p>Bitcoin is currently trading at approximately $70,850 as of March 19, 2026.<\/p>\n<p>The benchmark digital asset has declined by nearly 4% over the past 24 hours, sliding from highs near $74,800 amid a confluence of negative catalysts.<\/p>\n<p>Notably, the price movement ties directly to global events.<\/p>\n<p>The ongoing Iran-Israel conflict, now in its third week, has escalated with Iran\u2019s missile strikes in the Gulf after Israel eliminated key Iranian figure Ali Larijani.<\/p>\n<p>This has spiked oil prices, fueling inflation fears and contributing to Bitcoin\u2019s risk-off sentiment, as seen in prior dips below $64,000 after initial attacks.<\/p>\n<p>Meanwhile, the US Federal Reserve\u2019s March meeting held interest rates steady, citing inflation and uncertainty over the direction of the war in Iran and its impact on global energy markets.<\/p>\n<p>Fed Chair Jerome Powell emphasized a cautious stance, delaying cuts amid rising inflation risks, which prompted a retreat across risk assets.<\/p>\n<p>Earlier in the day, US inflation data showed the producer price index (PPI) coming in hotter than expected. BTC fell from above $74,000 as traders turned their attention to the further impact of the war.<\/p>\n<h2>BTC price forecast: Brandt\u2019s shares potential \u201cugly\u201d outlook<\/h2>\n<p>Peter Brandt, known for his classical charting expertise, highlighted Bitcoin\u2019s potential price setup via a post on the social media platform X.<\/p>\n<p>\u201cThe horn is constructive. The flag is ugly. Take your pick,\u201d he cautioned as downside pressure resurfaced.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Comment on Bitcoin<br \/>I am well aware that you cryptocultists cannot stand the idea of traders being flexible and not totally dogmatic like you, but Bitcoin is set up for me in two ways.<br \/>The horn is constructive<br \/>The flag is ugly<br \/>Take your pick<br \/>Opinions are a dime a dozen <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/t.co\/ORFbiI5yo3\">pic.twitter.com\/ORFbiI5yo3<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/2034316175845511635?ref_src=twsrc%5Etfw\">March 18, 2026<\/a><\/p>\n<\/blockquote>\n<p>A look at the chart suggests a \u201chorn\u201d pattern that represents a volatile, widening formation.<\/p>\n<p>In terms of technical setup, this signals a potential breakout momentum if Bitcoin pushes through upper resistance.<\/p>\n<p>\u200bBrandt\u2019s chart shows consolidation above macro support, with price poised near the range top. If bulls manage to reclaim $74,000, a move to the $80,000 could materialize.<\/p>\n<p>However, the flag pattern suggests action could turn bearish amid the macro and geopolitical factors.<\/p>\n<p>Bitcoin price on the daily chart indicates rejection at the recent top could be another bearish wedge pattern, ex-fund manager Aksel Kibar <a href=\"https:\/\/x.com\/TechCharts\/status\/2034281115557540033\" target=\"_blank\" rel=\"noopener\">notes<\/a>.<\/p>\n<p>Potentially, bears could target a retest of $68,000. Any further decline may see BTC revisit the $65,000-$60,000 range.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-retests-70k-as-veteran-trader-warns-of-ugly-flag-pattern\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin traded to intraday lows of $70,500 amid key macro and geopolitical-related events. Veteran trader Peter Brandt has highlighted a potential bearish retest of support. The Iran war and inflation concerns tick potential negative catalysts boxes. Bitcoin price flipped lower to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":69865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/69864"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=69864"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/69864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/69865"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=69864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=69864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=69864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}