Bitcoin (BTC) climbed to $73,422 on March 5, 2026. However, the asset faced a rejection once again. BTC has made several attempts to breach past the $73,000 mark, but has not had any success. According to CoinGecko data, BTC’s price is up by 4.2% in the last week and 4.7% in the 14-day charts. However, the original crypto is down by 3.1% in the last 24 hours, 7.7% in the previous month, and 23.2% since March 2025. Let’s discuss why Bitcoin (BTC) faces rejection after every rally, and how it can reclaim the $90,000 price level.
Why Bitcoin Faces Rejection After Every Rally?
Bitcoin (BTC) began its downward descent in October 2025, soon after hitting a new all-time high. The crypto market saw its most significant single-day liquidation event in history the same month. Rise in geopolitical tensions and macro uncertainties led to an exodus of investors from risky assets.
Bitcoin’s (BTC) price took another hit in February 2026 due to a liquidity crunch adding to sell pressure. BTC has since failed to rally past the $73,000 price level. Moreover, the ongoing escalation of the US/Israel-Iran war may have further pushed investors away from the crypto market.
Bitcoin (BTC) may need some time to reclaim the $90,000 price level. The global economy is still weak and investors are following a risk-off approach. BTC may not hit the $90,000 mark until the global economy and ongoing conflicts see some relief.
Also Read: Cryptocurrency Market Worse Now Than 2022’s FTX Collapse?
According to CoinCodex analysts, Bitcoin’s (BTC) price may rally over the coming days, hitting $80,904 on March 15, 2026. Hitting $80,904 from current price levels will entail a rally of about 14.77%. However, CoinCodex does not expect BTC’s price to hold the $80,000 price level. The platform anticipates a correction back to the $72,000-$73,000 level by early May 2026.
