VanEck CEO Discusses Bitcoin’s Price Floor Formation

Bitcoin's price nears a local bottom, says VanEck CEO.

The price of the leading cryptocurrency is nearing a local bottom, according to Jan van Eck, CEO of investment firm VanEck, in an interview with CNBC.

He stated that the four-year halving cycle continues to drive prices rather than fundamental factors. Van Eck anticipates a gradual rise in digital gold this year.

He reiterated the logic of trends: three years of growth are followed by a year of significant decline. The VanEck head views the current situation as a typical bear market but is confident that the asset is already forming a price floor.

Debates continue in the crypto industry about the relevance of four-year cycles. Opponents of this theory argue that the market structure has changed. They cite high demand for spot ETFs, a weakening US dollar, and positive regulatory shifts as evidence.

At the time of writing, Bitcoin is trading around $68,182. The asset has risen by 3.3% in the past day and 8.1% over the week.

The price recovery coincided with escalating geopolitical tensions in the Middle East due to the conflict between Israel and Iran. Van Eck suggested that this tension supported the digital gold’s price.

In times of economic instability, cryptocurrencies allow for transferring funds outside traditional banking systems. Van Eck described the Middle East as a region friendly to digital assets. He emphasized that blockchain payments are far more efficient and reliable than outdated financial systems.

No Structural Reversal in Sight

Bitcoin’s price behavior indicates a weakening of seller pressure. However, analysts at 10x Research warn that there are no signs of exiting the global bear trend yet.

They noted that digital gold has stopped declining amid negative news. The asset maintained a support level of $62,500 after three tests.

The RSI indicator shows growth, and the leading cryptocurrency is attempting to hold above the 20-day moving average (around $68,500). Bollinger Bands are narrowing, indicating a potential expansion of the trading range.

Experts at 10x Research observed reduced volatility, inflows into ETFs, and the disappearance of the asset’s discount on Coinbase. They described the current situation as a “tactical shift,” emphasizing that no structural reversal has occurred and Bitcoin remains in a bear market phase.

Justin d’Anethan, head of research at Arctic Digital, agreed that the crypto market’s reaction to external events has become more measured. Potential tariffs, geopolitical tensions, and high interest rates have not led to a price collapse.

According to the expert, sellers are exhausted, and buyers have begun accumulating positions, creating conditions for asset consolidation.

Andri Fauzan Adjiima, head of research at Bitrue, linked the recent price rebound from $63,000 to the derivatives market situation.

Negative funding rates led to a short squeeze—a mass liquidation of short positions. This temporarily eased pressure on the asset. Adjiima added that for a confirmed upward trend, the market lacks new capital inflows and macroeconomic drivers.

Retail Investor Pump

According to Santiment analysts, Bitcoin’s price rise to nearly $70,000 may have been a short-term pump driven by retail investors.

📈 As today’s markets have rallied, social data indicated there was a huge surge in positive sentiment as Bitcoin’s price was threatening to fall below $65K. Over the next 2 hours and 20 minutes, $BTC rallied +7% and reached $69.9K before running into $70K resistance for the time… pic.twitter.com/B3lWwtqABz

— Santiment (@santimentfeed) March 2, 2026

Experts recorded a strong surge in positive sentiment on social media when the asset’s price risked falling below $65,000.

In the following hours, Bitcoin gained 7%. The coin reached a local high of $69,900, where it encountered seller resistance.

Analysts believe the metrics indicate a potential rally limitation. Santiment also warned traders about the risks of sustained high volatility. The asset’s future price movement heavily depends on current global news and macroeconomic factors.

On March 1, analyst CryptoTalisman stated that Bitcoin had fully recovered from the decline amid geopolitical tensions.