The expert assessed the growth prospects of bitcoin

To confirm the new upward trend, the price of the cryptocurrency should consolidate above $ 71.5 thousand and further test the level of $ 73.7 thousand. In this case, the growth potential will open first to $ 76.8 thousand, and then to $ 79 thousand. Alexander Baryshnikov, the manager of the Mining fund of the Record Capital Management Company, told Izvestia on March 10.

"The price of bitcoin is growing noticeably, but it is premature to call this the beginning of a new steady upward movement. For 32 days now, the price of the first digital currency has been trading sideways with a range of about 23% — from $60,000 to $74,500, while the boundaries for today are shifting to $64,500 -76,400. Yesterday's rebound to $68,432, and today's $70,578 is a rebound and movement inside the same corridor, not an exit from it," the expert emphasized.

Baryshnikov noted that the recent rise in quotations was caused primarily by statements by US President Donald Trump about the "almost completed" war, and not by fundamental changes in geopolitics. At the same time, uncertainty factors remain: the Strait of Hormuz remains closed, and inflows of funds into bitcoin spot ETFs remain weak.

According to the expert, the near-term dynamics of the market will depend primarily on macroeconomic factors. Among the key events, he named the publication of the consumer price index (CPI) in the United States, data on the price index of personal consumption expenditures (PCE) and US GDP, as well as the meeting of the Federal Reserve System on March 18.

If inflation turns out to be high against the background of pressure from the energy market, the stagflationary scenario may intensify. In such a situation, the Fed will be limited in its ability to lower interest rates, which, according to the expert, can keep bitcoin in the current range.

At the same time, the key support for the cryptocurrency remains at around $64,550. Its breakdown can significantly worsen the situation of both bitcoin and most altcoins.

One bottom: is it worth buying Bitcoin, which has started to grow

And how is the collapse of the cryptocurrency in early 2026 radically different from the previous ones?

On March 2, Alexander Baryshnikov, the manager of the Mining fund at Record Capital Management Company, told Izvestia that Iran's attacks on American bases in the Middle East had increased uncertainty and put pressure on risky assets. Stock index futures lost more than 1%, and investors began actively redistributing funds into defensive instruments, including gold and oil. Bitcoin ended the week down just 2.76%.

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