Bitcoin experienced a price drop, falling to an intraday low of $84,120 on March 28, following a positive start to the week. Analysts from Capital Flows suggest that if current liquidity conditions remain unchanged, Bitcoin could further decline to the $72,000-$75,000 range. Macro liquidity is influenced by factors such as interest rates and federal policies, indicating that current capital must shift from risk-averse assets to riskier ones like Bitcoin for prices to recover. Supporting this, Bitcoin's current price is below its 200-day exponential moving average, signaling a potential continuation of the downtrend. Additionally, some analysts highlight that the rise in the Global M2 money supply could propel a Bitcoin rally around May, but differences between macro liquidity and M2 growth complicate this. Despite filling a CME gap between $84,435 and $85,000, traders remain cautious about the potential for further declines, with support levels identified at $76,700 and key resistance at $85,000. The market sentiment indicates a critical moment for Bitcoin's price action in the near future.

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