Bitcoin experienced a spectacular surge yesterday, March 4, 2026, reaching an intraday peak close to $72,000 before closing around $68,321, marking an increase of 6.36% compared to the previous day. Today, March 5, BTC is hovering around $72,670 after testing high resistances, but shows signs of volatile consolidation without precisely reaching $75,009 as mentioned in some speculative reports.

Context of Yesterday's Surge

Yesterday, Bitcoin jumped by more than 6% in a single day, driven by bullish momentum linked to geopolitical tensions in the Middle East that favored safe-haven assets like cryptos. Moderate inflows into Bitcoin ETFs and a technical rebound from $65,000 amplified this rally, with a peak of around $71,890 according to several sources. This dynamic is part of a phase of high volatility consolidation observed throughout March 2026.

2. Likely Causes of the Current Drop

The current correction, with stabilization below $73,000 after the peak, is explained by several macroeconomic and technical factors. Massive profit-taking after the rapid rise, coupled with a deleveraging of long positions on perpetual futures, has created selling pressure. Ongoing US-Iran tensions and the announcement of global tariffs of 15% by President Trump weigh on risk-off sentiment, favoring a rotation towards traditional assets. Technically, the failure to break the resistance at $72,000 triggered automatic stops, amplifying volatility.

3. Technical Perspectives

In the short term, BTC could test support at $69,000-$70,000 if consolidation persists, with a risk of retreating to $66,000 in the event of new negative geopolitical news.

However, signs of positive momentum on the 4H charts, with higher highs/lows, suggest a potential rebound if the RSI surpasses 50 and the MACD turns bullish.

4. Forecasts for the Coming Days

Analysts forecast a possible continuation of consolidation in March, with a bottoming between $66,000-$70,000 where institutions are quietly accumulating, before a major breakout in Q2/Q3 towards $80,000-$110,000 in an optimistic scenario. Tom Lee and others see a surge in March despite tensions, potentially towards $75,000 if ETFs attract more inflows. In the longer term, bullish forecasts lean towards $150,000 by the end of 2026, driven by institutional adoption.

Stay cautious: volatility remains high, manage risks with tight stops.