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Pi Network (PI) Price Predictions for This Week

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pi_network_chart_1803262

PI sellers return in force and threaten to reverse most of the recent gains.

PI Network (PI) Price Predictions: Analysis

Key support levels: $0.15

Key resistance levels: $0.20, $0.28

PI Turns Bearish

With the bullish momentum gone, sellers have returned and have been extremely aggressive, pushing the price under 20 cents this week. Since the recent top at around 30 cents, the price has dropped by over 40%!

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The spike above the 28-cent resistance was short-lived and turned into a bull trap since the price failed to hold there and quickly reversed course. This was a key weakness signal that encouraged sellers to push harder and the price gave in soon after.

pi_network_chart_1803262
Source: TradingView

Sell Volume Spiked

During the recent rally, the sell volume spiked, which was a key reversal signal. Since then, the price has been making lower highs and lower lows. The most likely support level to stop this downtrend is at 15 cents.

It is critical for PI bulls to defend the $0.15 support, as any failure there would erase all recent gains and even open the way for new lows later on. In the near future, this support is likely to be tested. Wait for that moment to gain insights into where PI will be headed next.

pi_network_chart_1803262
Source: TradingView

Daily MACD Turned Bearish

Another key signal that momentum was shifting bearish was seen on the daily MACD, which turned negative last Sunday. Since then, the downtrend has intensified, and there are no signs that it will stop anytime soon.

Keep a close eye on the support at 15 cents for any possible reversal. An early signal would be if the daily MACD histogram stops making lower lows. That would indicate sellers are becoming exhausted, and buyers have an opportunity to return.

pi_network_chart_macd_1803261
Source: TradingView
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

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Bitcoin OG Whales Abandon Ship as BTC Price Risks Dumping Below $70K

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Why Is Bitcoin's Price Down 4% to $68K Now?


It’s not all bad news, though, as there was at least one whale that made a big purchase in the past 24 hours.

Bitcoin’s price has nosedived once again in the past 24 hours, dropping below $71,000 for the first time since the weekend.

While the blame has been placed on the US Federal Reserve, certain OG whales have been disposing of large BTC portions, which can also be attributed to the correction.

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OGs Selling

Lookonchain reported that an ancient BTC wallet sold another 1,000 units in the past day, worth around $71 million. The entity received 5,000 BTC (worth around $1.66 million at the time) over 12 years ago, but began selling off its assets in November 2024.

The unknown market participant has disposed of 3,500 BTC at an average price of over $96,000. According to the analytics company’s estimations, the whale profited around $442 million, or a 266x return.

In another post on X, Lookonchain indicated that one more BTC OG wallet, flagged as belonging to Owen Gunden, has sold 650 BTC in the past day as well. This one followed a previous big dump of 11,000 BTC, worth over $1.1 billion at the time.

These substantial market sell-offs coincided with or even preceded bitcoin’s notable price drop in the past 24 hours. The asset traded above $74,000 by yesterday afternoon, when it nosedived to $71,000. Although it bounced at first after the Fed’s decision to maintain the interest rates, it dropped further in the following hours toward $70,000.

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One Is Buying

It’s not all doom and gloom on the bitcoin whale scene, though. The analytics resource explained that another such market participant has been buying BTC “every day since Mar 10,” and splashed another $37 million yesterday to acquire over 500 units.

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The post noted that the entity has accumulated a total of 2,656 BTC at an average price of just over $72,000 since March 10, worth around $190 million as of press time.

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Bitcoin retests $70K as veteran trader flags ‘ugly’ setup

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Bitcoin price outlook: buy signals appear
Bitcoin Price
  • Bitcoin traded to intraday lows of $70,500 amid key macro and geopolitical-related events.
  • Veteran trader Peter Brandt has highlighted a potential bearish retest of support.
  • The Iran war and inflation concerns tick potential negative catalysts boxes.

Bitcoin price flipped lower to trade below $70,500 as sellers showed fresh strength, with BTC down as cryptocurrencies reacted to US inflation data, the Federal Reserve’s rate decision, and the escalation in the Iran war.

Veteran trader Peter Brandt has shared his outlook for BTC in terms of technical setup, noting that a constructive “horn” remains in play. However, it could also be an “ugly” flag pattern.

BTC price 24-hour performance

Bitcoin is currently trading at approximately $70,850 as of March 19, 2026.

The benchmark digital asset has declined by nearly 4% over the past 24 hours, sliding from highs near $74,800 amid a confluence of negative catalysts.

Notably, the price movement ties directly to global events.

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The ongoing Iran-Israel conflict, now in its third week, has escalated with Iran’s missile strikes in the Gulf after Israel eliminated key Iranian figure Ali Larijani.

This has spiked oil prices, fueling inflation fears and contributing to Bitcoin’s risk-off sentiment, as seen in prior dips below $64,000 after initial attacks.

Meanwhile, the US Federal Reserve’s March meeting held interest rates steady, citing inflation and uncertainty over the direction of the war in Iran and its impact on global energy markets.

Fed Chair Jerome Powell emphasized a cautious stance, delaying cuts amid rising inflation risks, which prompted a retreat across risk assets.

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Earlier in the day, US inflation data showed the producer price index (PPI) coming in hotter than expected. BTC fell from above $74,000 as traders turned their attention to the further impact of the war.

BTC price forecast: Brandt’s shares potential “ugly” outlook

Peter Brandt, known for his classical charting expertise, highlighted Bitcoin’s potential price setup via a post on the social media platform X.

“The horn is constructive. The flag is ugly. Take your pick,” he cautioned as downside pressure resurfaced.

A look at the chart suggests a “horn” pattern that represents a volatile, widening formation.

In terms of technical setup, this signals a potential breakout momentum if Bitcoin pushes through upper resistance.

​Brandt’s chart shows consolidation above macro support, with price poised near the range top. If bulls manage to reclaim $74,000, a move to the $80,000 could materialize.

However, the flag pattern suggests action could turn bearish amid the macro and geopolitical factors.

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Bitcoin price on the daily chart indicates rejection at the recent top could be another bearish wedge pattern, ex-fund manager Aksel Kibar notes.

Potentially, bears could target a retest of $68,000. Any further decline may see BTC revisit the $65,000-$60,000 range.

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Jack Dorsey’s Block Rehires Some Staff Laid Off in February

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Jack Dorsey's Block Rehires Some Staff Laid Off in February

Block Inc., the firm behind payment platforms Square, Cash App and Afterpay, has quietly brought back a small portion of workers it laid off in late February with its transition to rely more on artificial intelligence.

Multiple Block employees posted on LinkedIn this month that they were offered a place to return to the company after initially being part of the 4,000 employees who were fired.

Design engineer Andrew Harvard said on March 3 that he rejoined after being told that his layoff was due to a clerical error. “They offered me the opportunity to return, and I’ve accepted,” he added.

On March 8, technical lead Richard Hesse said he was the only member of his team who wasn’t impacted by the staff cut and that he spent two days convincing management that he needed more staff to continue working on “infrastructure highly critical to our customers.”

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“I’m happy to share that they listened to my requests and have decided to re-hire some of those laid off,” he said. “While my teams were not returned to full levels, I’ll have enough to continue on.”

Source: Richard Hesse

Chane Rennie, creative strategy lead, said on March 12 that he was asked to rejoin the company about a week after being laid off, but did not explain why.

Cointelegraph contacted Block on what staff were rehired, but did not receive an immediate response.

Block CEO Jack Dorsey acknowledged at the time of the layoffs that Block may have made some missteps in its staff cut decisions and had built in flexibility to correct course.