Bitcoin (BTC) traded below $69,000 on Sunday after a weekend drop toward $68,000, putting focus back on the 200-week EMA near $68,300. In the prior 24 hours, more than $300 million in longs and nearly $100 million in shorts were liquidated. Analysts also pointed to a daily-chart “golden cross” (21-day SMA over 50-day SMA) as a possible source of short-term relief.

Bitcoin (BTC) bounced from an intraday low near $69,500 and reclaimed $70,000, revisiting its 2021 peak area while maintaining a higher local trading range. A hawkish Federal Reserve message kept pressure on risk assets, and gold slid 2.3% to under $4,700 per ounce for the first time since Feb. 6. Traders said BTC may need a weekly close near $75,000, while one analyst flagged the low $60,000 zone as a potential buy area if revisited.

After a move to $76,000, Bitcoin hovered near $74,000 and analysts highlighted a possible pullback toward $68,000 support despite the current uptrend. Some traders maintained a longer-term bear market outlook, while others contrasted Bitcoin’s setup with gold, which is repeatedly testing the $5,000 per ounce support area.

Bitcoin climbed to around $74,600 during Monday's Wall Street open as US equities advanced and oil and gold prices declined. Despite reclaiming key trend levels and printing six-week highs, several traders argued the move was only a relief bounce within an ongoing broader downtrend. Some analysts also highlighted a CME futures gap near $71,500 and warned that the current rally could still reverse lower.

On Sunday, Bitcoin traded above $70,000 as bulls aimed to secure a weekly close that keeps the price above the 200-week exponential moving average and the former 2021 all-time high. The market remained more than 8% higher for the week, while analysts described repeated selling above $70,000 as consistent profit-taking within a broader range between $54,400 and $78,400.

Bitcoin hovered close to $70,000 into Thursday's Wall Street open after United States jobless claims aligned with market expectations and followed flat Consumer Price Index data. Oil prices remained volatile, climbing more than 5% intraday despite news of a 400 million barrel reserve release and ongoing uncertainty over the Middle East conflict. Traders highlighted key BTC levels around $72,000, $68,000 and $62,000, while derivatives pricing implied less than a 1% chance of a Federal Reserve rate cut at the March 18 meeting.

Bitcoin traded around $70,000 on Wednesday as traders focused on whether this level can hold as support and potentially open a path toward the high $70,000 to low $80,000 area by the end of March. Multiple analysts highlighted nearby liquidity zones between $64,000 and $76,000, while rising Bitcoin futures open interest signaled the possibility of a highly volatile trading environment in the coming weeks.

Bitcoin climbed to a local high above $71,500 during Tuesday's U.S. session, mirroring a relief rebound in major stock indexes. Traders highlighted downside liquidity around $68,000 and resistance at the 50-day simple moving average near $73,640 as key levels that could attract renewed selling pressure.

Bitcoin entered the second week of March under pressure after failing to hold the $74,000 breakout and closing below the 200-week EMA, while traders tracked escalating tensions in the Middle East and a sharp oil price spike. The ongoing supply shock around the Strait of Hormuz, combined with upcoming US CPI, PCE and GDP data, has raised concerns about inflation and Federal Reserve policy as multiple Bitcoin death crosses emerge on higher and lower time frames. Derivatives metrics and exchange inflow patterns, however, suggest whales have reduced profit-taking above $70,000 and some analysts see conditions forming for a potential relief move.