Crypto Market Decline: Bitcoin Falls Below $90,000 and Ethereum Drops Below $3,000

Bitcoin price faced a sharp setback after a U.S. address in Iran triggered a global risk-off reaction, dragging prices down nearly 6% within hours. The move pushed BTC below key resistance levels, and the price is now struggling under the $69,000 mark while failing to break the $72,500–$73,000 zone.

Risk-off shock and weekend liquidity concerns

In addition to the geopolitical-driven selloff, markets are heading into a potential liquidity gap over the Good Friday weekend. With CME futures and ETF flows pausing, crypto may be more vulnerable to sudden moves.

How low can Bitcoin go?

Analyst Aaron Dishner said Bitcoin remains under heavy technical pressure. He noted the price is trading below TBO Cloud resistance, with downside targets at $60,000, $49,000, and as low as $38,555 if selling accelerates.

“I’m still expecting Bitcoin to go a lot lower. I know. I know. You might disagree with me, but don’t worry. There’s actually a chance for you to literally make it all back. If you decided that crap, I bought into this rally.”

Dishner suggested the next major drop could resemble January’s weakness, pointing to a broader reset before stability returns.

He also highlighted that Bitcoin dominance remains weak below certain levels, indicating a lack of strong upside momentum. At the same time, stablecoin dominance is rising, a pattern often associated with capital moving to safety during uncertain phases.

Ethereum and altcoins face continued pressure

Ethereum has slightly outperformed Bitcoin in recent sessions, but the outlook remains fragile. The asset is forming a bear flag pattern, with bearish divergence on the RSI and repeated rejection against long-term resistance on the ETH/BTC pair.

“Most altcoins remain firmly bearish with only a few exceptions showing short term strength. No clear rebound is expected over the weekend”

Across the altcoin market, the broader picture remains weak. Major tokens such as XRP and Solana are slipping back toward February lows, while other assets continue to test critical support zones. Although a few tokens have shown short bursts of strength, overall momentum remains tilted to the downside.

Broader market signals and potential spillover

Outside crypto, broader markets show mixed signals. The U.S. dollar index has surged and remains strong, while equities closed green but still sit below resistance levels. Oil prices are climbing toward $110, raising concerns about a potential global energy crunch.

Despite safe-haven expectations, gold and silver have pulled back after a sharp rally, adding to uncertainty across markets.

With most altcoins still in bearish setups and no clear rebound expected over the weekend, analysts recommend a wait-and-watch approach. They also noted that rising volatility in traditional markets could spill back into crypto, making the coming week important for direction.