Bitcoin holds range between $64k and $70k as momentum splits

Bitcoin traded at $66,372 on 2 March 2026, giving the asset a market capitalisation of $1.32 trillion and a 24-hour turnover of roughly $45.14 billion.

The day’s movement stretched from $65,149 to $67,191, keeping price action locked beneath the key $70,000 resistance barrier.

On the daily chart, bitcoin continues to move within a corrective phase after being rejected near $90,400 and falling sharply to around $59,900.

That drop formed a high-volume capitulation candle, widely viewed by traders as a washout low before the current sideways rotation began.

Since then, price has oscillated between $64,000 and $70,000, with a pattern of lower highs building compression under the $69,500 to $70,500 zone.

Immediate support is positioned between $64,500 and $65,000, while stronger structural support sits at $59,900 to $60,000.

Analysts note that without a decisive breakout, the daily structure reflects balance rather than directional expansion.

The four-hour chart echoes that consolidation, with price rebounding from $63,500 before forming a lower high close to $68,000.

Trading activity expanded during the decline and eased during the bounce, suggesting recovery strength remains limited.

Resistance on this timeframe stands at $67,800 to $68,000, with support anchored near $65,000.

A sustained close above $68,000 could expose liquidity between $69,500 and $70,000, while a drop below $65,000 risks a slide toward $63,500 and $62,000.

On the one-hour chart, bitcoin has printed a double bottom near $65,000 and a higher low at $65,500, hinting at a developing micro uptrend.

However, price continues to stall below the $66,800 to $67,000 band, capping intraday momentum.

Oscillators remain mixed, with the relative strength index at 41 and stochastic at 49, both reflecting neutral conditions.

The moving average convergence divergence shows a technical buy signal despite broader momentum readings pointing to mild downward pressure.

All major exponential and simple moving averages from the 10-period to the 200-period remain positioned above current price levels.

That overhead alignment reinforces the broader corrective tone until bitcoin can convincingly reclaim lost ground.

In the bullish scenario, a clear break above $70,000 would invalidate the pattern of lower highs and signal expansion toward higher liquidity pockets.

In the bearish case, failure to hold $65,000 would increase the probability of a renewed test of the $60,000 macro floor.

For now, traders describe the market as compressed and range-bound, awaiting a decisive move to define the next dominant trend.

At the time of reporting, Bitcoin price was $65,392.18.