Analysts warn that Bitcoin is forming a bearish wedge pattern similar to that early this year. If it breaks below a key support level, it could plummet to $52,500! Throughout 2025, one pattern has recurred almost entirely—Bitcoin crashes after nearly every Fed meeting, regardless of whether the Fed cuts interest rates, keeps them unchanged, or signals anything else. In 7 out of 8 meetings in 2025, Bitcoin was in negative territory within 48 hours of the decision. And this week's events suggest that 2026 will be no different. Bitcoin surged for eight consecutive days ahead of the Fed meeting on March 18, 2026, before bouncing to $76,000 and then falling back below $70,000 in the following days. 1) January 19, 2026 — The First Signal Aksel Kibar, a technical analyst, founder of Tech Charts LLC, and former fund manager at the National Bank of Abu Dhabi, and holder of a CMT (Chartered Market Technician) certification—the highest international standard for chart analysts—posted on X that Bitcoin was forming a rising wedge near $97,000, stating that if the price broke, the next test zone would be $73,700–$76,500. 2) Early March 2026 — The Market Deceived Itself Bitcoin ran up for eight consecutive days, the market became excited. Expectations that the Fed would "cut interest rates four times" this year were still on most investors' minds. Prior to the meeting, a record 6,100 BTC were transferred into trading platforms per hour — the highest level since February 20th, which typically indicates a sell signal. 3) March 18, 2026 — The FOMC went quiet. The Fed announced it would keep interest rates at 3.5–3.75%, as expected, but Powell stated that "the surge in oil prices has clearly impacted our inflation forecasts," and revised its 2026 inflation forecast from 2.4% to 2.7%, primarily citing the US-Israel-Iran conflict. The surge in crude oil prices above $110 per barrel caused the Nasdaq to close at its day's low, down 1.5%. Bitcoin plummeted from $76,000 to $70,900 overnight. 4) March 19, 2026 — Kibar posted a second warning. After reviewing this week's charts, Kibar posted that "the same Bearish Wedge pattern is forming again," stating that a break below $66,000 would open the door for a correction down to $52,500, emphasizing that this was a "technical signal, not a prediction." 5) Spreading Impact — Grayscale Bitcoin Trust (the world's largest Bitcoin fund) experienced a $340 million outflow in a single day. MicroStrategy, a company holding more than 190,000 Bitcoins, plummeted 8% in the after-market. Only Coinbase saw a 40% above-normal trading volume surge — partly due to people rushing to cut their losses. Another perspective from those who rushed to buy on the dip: One of the most commented-on posts on X said, "$75K is a trap. Anyone who bought before the Fed meeting gets caught every time. It's no different." Another commented, "Kibar warned about this before the December crash last year. This time, people didn't listen." The $66,000 support level is a zone to watch — if it breaks below that, the bearish wedge will become much more significant. The Iran-Iran conflict is not over, oil prices are still high, and the Fed recently said inflation will last longer than expected. Stay tuned 👇