Bitcoin Price Prediction: David Sacks Is No Longer Crypto Czar

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David Pokima

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David Pokima

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Jun 2023

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David is a finance journalist and a contributor to Cryptonews.com with a keen interest in breaking comprehensive, accurate, and reliable blockchain news.

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March 27, 2026

Crypto’s most prominent Washington ally just changed his business card, and the market is watching, and the Bitcoin price prediction is changing. BTC is trading around $68,700, down 1.8% in 24 hours, dragging the crypto market down. The timing is uncomfortable: policy uncertainty and a softening chart colliding at once.

White House AI and Crypto Czar David Sacks announced Thursday he is stepping down from his czar role and joining the President’s Council of Advisors on Science and Technology (PCAST) as co-chair. The transition was legally inevitable; Sacks’s czar designation classified him as a “special government employee,” a status capped at 130 working days.

He told Bloomberg the PCAST role carries no such restriction, and he will continue shaping crypto and AI policy alongside an advisory roster that includes Jensen Huang, Mark Zuckerberg, Marc Andreessen, and Sergey Brin. Sacks oversaw the passage of the stablecoin-focused GENIUS Act and was actively involved in the crypto market structure bill.

The structural policy work continues, in other words, just under a different letterhead. Whether that reassures a market already flashing Extreme Fear is the harder question.

Discover: The best pre-launch token sales

BTC Price Prediction: Reclaim $70,000 This Week or Drop to $60K?

The chart is not cooperating. Bitcoin sits at $68,700, consolidating inside a descending channel with moving averages stacked bearishly. The Fear & Greed Index has collapsed to 13 in an extreme fear situation, a level that historically marks either capitulation bottoms or accelerated selloffs.

Key support levels to monitor: $68,000, $67,700, and $66,500. Resistance sits at $70,400, then $71,700, with a harder ceiling near $72,300.

Three scenarios, ranked by current probability:

• Bull case: Spot holds $68,400, futures demand stabilizes and price reclaims $70,000+ into the weekend.
• Base case: Consolidation between $66,400 and $70,400 persists as ETF inflows plateau and miner selling pressure absorbs any recovery bids.
• Bear case: Analyst Alessio Rastani’s warning of a “high chance” drop below $60,000 materializes if $66,400 gives way, opening a path toward the $54,200 level flagged in forex analysis.

The Bitcoin institutional demand picture remains the swing for price prediction. A Fear & Greed reading of 13 cuts both ways.

Discover: The best crypto to diversify your portfolio with

Bitcoin Hyper Targets Early-Mover Upside as BTC Tests Critical Support

When spot Bitcoin grinds sideways at Extreme Fear levels, the rotation question surfaces: where does asymmetric upside actually live right now?

A different segment of the Bitcoin ecosystem is drawing attention. Bitcoin Hyper ($HYPER) is positioning as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, sub-second finality on Bitcoin’s security layer, a proposition that existing L2s haven’t delivered. The project targets Bitcoin’s three structural constraints: slow transactions, high fees, and the absence of programmable smart contracts.

Presale numbers are concrete: $0.0136 per token, with more than $32 million raised to date. Staking is live with high APY for participants. The architecture includes a Decentralized Canonical Bridge for BTC transfers and SVM-powered smart contract execution that the team claims outpaces Solana itself.

Research Bitcoin Hyper here.

This article is for informational purposes only and does not constitute financial advice. Crypto assets are highly volatile. Always do your own research before investing.