{"id":94865,"date":"2026-03-03T11:29:28","date_gmt":"2026-03-03T08:29:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94865"},"modified":"2026-03-03T11:30:26","modified_gmt":"2026-03-03T08:30:26","slug":"vaneck-ceo-discusses-bitcoins-price-floor-formation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/vaneck-ceo-discusses-bitcoins-price-floor-formation\/","title":{"rendered":"VanEck CEO Discusses Bitcoin’s Price Floor Formation"},"content":{"rendered":"

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<\/a>.<\/p>\n

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

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.<\/p>\n

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>, a weakening US dollar, and positive regulatory shifts as evidence.<\/p>\n

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.<\/p>\n

\"BTCUSDT_2026-03-03_10-53-03\"
15-minute BTC\/USDT chart on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

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

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 He emphasized that blockchain payments are far more efficient and reliable than outdated financial systems.<\/p>\n

No Structural Reversal in Sight<\/h2>\n

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

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

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

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.<\/p>\n

Justin d’Anethan, head of research at Arctic Digital, agreed<\/a> 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.<\/p>\n

According to the expert, sellers are exhausted, and buyers have begun accumulating positions, creating conditions for asset consolidation.<\/p>\n

Andri Fauzan Adjiima, head of research at Bitrue, linked the recent price rebound from $63,000 to the derivatives market situation.<\/p>\n

Negative funding rates led to a short squeeze<\/a>\u2014a 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.<\/p>\n

Retail Investor Pump<\/h2>\n

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

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\ud83d\udcc8 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<\/a> rallied +7% and reached $69.9K before running into $70K resistance for the time\u2026 pic.twitter.com\/B3lWwtqABz<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) March 2, 2026<\/a><\/p><\/blockquote>\n