Bitcoin Weakens As On-Chain Data Signals Drop Toward

By Bena Ilyas | Edited By Ammar Raza,March 30, 2026, 7:00 PM

Bitcoin showed signs of weakness on March 30, 2026, as on-chain data and technical indicators pointed to slowing momentum, increasing the likelihood of a market correction. According to on-chain analyst Willy Woo, Bitcoin could face a deeper pullback based on historical on-chain models.

The key question is whether Bitcoin can hold critical support levels or decline further before a recovery begins. At the time of writing, Bitcoin is trading at 67,259 with a 24-hour volume of 38.19 billion and a market capitalization of 1.35 trillion, according to CoinMarketCap. BTC is up 1.08% over the last 24 hours, it is experiencing pressure in its trend.

Bitcoin Shows Signs of Weakness

On March 30, 2026, well-known on-chain analyst Willy Woo shared insights on X, explaining that conventional on-chain models indicate a potential BTC bottom in the $46,000 to $54,000 range. The analysis also provided an estimate of the time required to reach that zone.

As per the data provided by Woo, the “orange line,” which represents the total capital invested in the Bitcoin ecosystem, has been going down since November.

This indicates that the capital has been leaving the ecosystem over time. He also pointed out the CVDD Floor Model, which has been increasing steadily and is currently at $45,500.

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Bitcoin Shows Signs of Slowing Momentum

Technically speaking, Bitcoin is slowly losing steam as indicated by weakening momentum indicators. The Relative Strength Index (RSI) is currently at 33.64, still below the neutral 50 mark, which indicates weakening buying pressure and building bearish momentum.

The MA Ribbon shows that there is continued pressure. The Bitcoin price is currently around $67,272, and this is lower than the important short and mid-term averages, i.e., the 20-day SMA of $79,207 and the 50-day SMA of $87,484. However, it’s still above the 200-day SMA of $59,433.

The MACD also supports the downbeat view. The MACD line of -9,339 compared to the signal line of -8,537 confirms the downward pressure is still in place, and the histogram of -802 also confirms sellers are firmly in control, although the rate of fall is slowing down somewhat.

While bitcoin is holding above its key long-term support, the data and technical indicators are showing more losses before the start of the recovery process.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

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