Bitcoin signals possible $52,500 pullback as BTC trades near $70,134 on March 19

Bitcoin (BTC) showed a fresh sell signal on March 19 after drifting lower for three days and trading around $70,134 at press time. Technical analysis points to a bearish rising-wedge setup that could open the door to a drop toward $52,500 even as institutional demand remains elevated. Derivatives metrics also show open interest near $108.4 billion after rising more than $12.9 billion in four weeks, while funding turned negative.