Bitcoin begins March with bearish momentum, approaching potential lows and sealing its worst weekly candle ever. BTC/USD dropped significantly, with analysts suggesting a retest of $78,000 and even highlighting the importance of old all-time highs around $69,000 as a crucial support level. Despite the bearish sentiment, some market participants note a lack of definitive indicators confirming a bear market. Key macroeconomic data, including CPI and PPI releases, are anticipated this week amid a broad risk-off sentiment, affecting both crypto and stocks. Predictions for Bitcoin's price indicate possible dips towards the mid-$70,000 range, with macro indicators suggesting significant bearish sentiment. Yet, some analysts argue that extreme fear in the market could present buying opportunities, as Bitcoin whales have resumed accumulation, hinting at potential recovery in the latter part of March.

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