Bitcoin (BTC) climbed to the $75,000 price level last week, but has since dipped to the $68,000 range once again. BTC facing a rejection at $75,000 may lead to a continued price dip for the original cryptocurrency. According to CoinGecko’s Bitcoin data, BTC’s price is down 0.8% in the last 24 hours, 6.8% in the last week, and 18.5% since late March 2025. Despite the recent correction, BTC’s price has maintained some gains in the 14-day and monthly charts, rallying 2.1% and 1.4%, respectively. In this price prediction article, let’s discuss if Bitcoin (BTC) could fall to the $62000 price level once again.
Bitcoin Price Prediction: Will BTC Dip To $62000 Again?
Bitcoin (BTC) last traded at the $62,000 price level on February 24, 2026. The asset has since made multiple attempts to breach past the $74,000-$75,000 price range, albeit without success.
Bitcoin (BTC) and the larger crypto market dip comes amid a similar pattern in the stock market. It is likely tied to the escalation in the US-Iran conflict. Oil prices are going up as Iran keeps the Strait of Hormuz closed. President Trump has announced severe military action unless Iran reopens the Strait again. President Trump recently lifted some sanctions on Russian oil to stabilize the global energy markets. Bitcoin’s (BTC) ascent to $75,000 may have been connected to the lifting of Russian oil sanctions. However, the gains seem to have been lost over the weekend.
Also Read: Why Ripple (XRP), Not BTC, Is the Most Important Crypto Right Now
If tensions continue to flare up between the US and Iran, we could see a continued price dip for Bitcoin (BTC). However, the Federal Reserve may begin its money printing machine to bring some balance to the economy and for the US to continue its war efforts. According to crypto analyst Arthur Hayes, such a move could be beneficial for Bitcoin (BTC) and the larger crypto market. The Federal Reserve may also announce an interest rate cut to stabilize the economy. Both actions could lead to additional inflows into the crypto market. Such a move could lead to BTC experiencing a rally.