Bitcoin is once again under pressure after briefly dipping below the $66,000 mark to $65,770, reigniting concerns of a deeper correction. With macroeconomic uncertainty building and analysts warning of a potential imminent crash, all eyes are now on March 18, a date many traders now consider the next decisive pivot point for price action.
Bitcoin Breaks Below $66K as KillaXBT Flags March 18 Pivot
Bitcoin slipped below $66,000 earlier today, intensifying bearish sentiment across the broader crypto market. As traders assess the latest downside move, market expert KillaXBT has warned that March 18 is a very important date for Bitcoin and the next key pivot investors should watch closely.
In a recent post on X, KillaXBT highlighted a consistent macro-driven pattern. According to the analyst, over the past nine months, BTC has experienced a 5% drop around major economic data releases six times out of six. In fact, the last time Bitcoin’s price rallied rather than declined around such data was in May 2025.
Interestingly, the United States is set to release Producer Price Index (PPI) data on March 18, which could inject fresh volatility into risk assets. Based on this setup, KillaXBT outlined two possible scenarios. In the first, Bitcoin could rally into the event and form a local high similar to the one in May 2025 before reversing. Alternatively, if bearish pressure persists heading into the data release, BTC could break lower and target a fresh local low.
Crash Fears Intensify Despite Rebound as Market Awaits March 18 Confirmation
Amidst KillaXBT’s mixed outlook, another market expert, Crypto Rover, has subtly hinted at a potential BTC crash. In a recent X post tagged “Crash,” the commentary triggered widespread fear, uncertainty, and doubt (FUD) across the market.
Meanwhile, Crypto Rover is not the only voice calling for further downside. Banking giant Standard Chartered recently speculated that Bitcoin could decline to $50,000 amid increased bearish pressure and weakening market sentiment.
Adding to the cautious outlook, popular on-chain analyst Willy Woo has suggested that Bitcoin could potentially find a bottom around $45,000. In the event of a broader global macroeconomic breakdown, Woo even projected that major structural support could sit as low as $16,000. According to CoinMarketCap, Bitcoin has since surged but trades at $65,912. However, BTC remains down 2.4% over the past 24 hours, underscoring lingering weakness despite the rebound.
Meanwhile, as March 18 approaches, Bitcoin now finds itself at a decisive crossroads. Price action heading into the PPI release will likely determine whether BTC establishes a short-term bottom or forms a topping structure before another leg down. With volatility expectations rising and sentiment fragile, the coming days could prove pivotal for the market’s next major move.
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