Bitcoin’s daily chart shows buyers maintaining control as price action holds above short-term trend support and key moving averages. Momentum indicators such as MACD turning positive and a still-comfortable RSI point to sustained upside potential while the market tests resistance near $72,666 and monitors liquidity walls around the current range.

On March 13, 2026, former U.K. Prime Minister Boris Johnson described Bitcoin as a "giant Ponzi scheme" in a Daily Mail column and on X, using a village scam story involving losses of about £20,000 to question the asset's value. Michael Saylor and other crypto supporters countered that Bitcoin lacks the centralized organizer and guaranteed returns typical of Ponzi structures, stressing its fixed 21 million supply and decentralized, open-source design. The dispute broadened into a wider debate over monetary systems, with some critics arguing that inflationary fiat currencies may be more vulnerable to long-term value erosion than Bitcoin's capped model.

On October 6, 2025, Bitcoin set its current all-time high at $126,100 before entering a corrective phase that analyst Darkfost says has lasted 159 days so far. Reviewing past cycles, the analyst notes it took 1,180 days after the 2017 peak and 1,093 days before the 2021 high, while the latest 2025 ATH followed after 849 days, implying the next record could still be years away even as the intervals gradually shorten. Darkfost also argues that new highs have historically been linked more to the end of bear markets than to Bitcoin’s halving events, despite the structural importance of halvings for supply and inflation dynamics.

Andrei Grachev of DWF Labs argues that classic altseasons have ended, with excess tokens, constrained liquidity and ETF flows concentrating capital in Bitcoin, Ether and RWAs. Altcoin valuations have dropped sharply since the October 2025 crash, with $209 billion leaving the sector over 13 months and 38% of tokens trading near record lows, while analysts foresee shorter narratives and more aggressive capital rotations across select sectors.

Large Bitcoin wallets holding between 10 and 10,000 BTC have increased their share of the circulating supply to about 68.17% as the price hovers near $71,000, according to Santiment data. Bitcoin was trading around $71,350 at publication time, while analysts note that a durable market bottom may still hinge on retail investors turning more pessimistic and reducing exposure.

Dogecoin is changing hands around $0.09556 with a 1.04% daily gain as its market cap hovers near $14.66 billion and 24-hour volume reaches about $757 million. Over the past week, active addresses on the network jumped 176% from 41,557 to 114,662, and analysts note that this rise in on-chain activity alongside an ascending price support near $0.095 could influence volatility around the $0.10 area.

Alex Thorn, head of firmwide research at Galaxy Digital, said the US CLARITY Act must clear a Senate committee by the end of April and reach the Senate floor by early May 2026 to retain realistic prospects of passage. Ongoing disputes over stablecoin yield, broader questions about DeFi and agency oversight, and competing priorities such as the SAVE America Act are limiting the time available for comprehensive crypto market structure reform, which some analysts believe may not take full effect until 2029.

According to new on-chain data, the share of Bitcoin's circulating supply held on centralized exchanges has dropped to its lowest point since late 2017. After peaking in early 2020, this metric has been in a persistent decline as investors move coins into custody solutions and cold storage. With Bitcoin trading around $71,476 and exchange order books described as thin, even moderate demand could translate into higher price volatility.