Bitcoin may experience increased volatility if it closes the week below the critical support level of $82,000. Investor sentiment is weak following a letdown regarding the US Strategic Bitcoin Reserve after President Trump's executive order on March 7, which opts for utilizing cryptocurrency seized in criminal cases instead of procuring Bitcoin through market purchases. Bitfinex analysts indicate that this absence of federal Bitcoin accumulation has dampened market expectations, leading to a decline in price. Despite trading below $90,000 since March 7, a weekly close above $82,000 could indicate a shift in sentiment as investors reconsider the implications of the reserve strategy. Macro factors such as upcoming US economic reports may also significantly influence Bitcoin's short-term movements. A drop below $82,000 could trigger over $1.13 billion in leveraged long liquidations. However, Bitcoin's relative strength index (RSI) signals that it may be approaching a local bottom, suggesting that further price decline might be limited.

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