Bitcoin price experienced a setback as it dropped 3.5% to $84,120 on March 28, following a positive start earlier in the week. The decline occurred near the descending trendline and upper range of the ascending channel pattern. Currently below the 200-day EMA, Bitcoin might see further downside if it closes below this key indicator. Market analysts suggest that Bitcoin could correct to $72,000-$75,000 due to macro liquidity conditions. Factors like interest rates and Federal Reserve policies influence liquidity, impacting capital flow into assets. Although there’s a correlation between Global M2 money supply growth and Bitcoin’s price, the ease of capital flow is crucial. The recent CME gap between $84,435 and $85,000 got filled, potentially leading to a short-term bounce. However, some traders anticipate a long-term correction with possible new lows below $74,000. It’s a critical juncture for Bitcoin, with analysts suggesting a retest region at $76,700 before a potential drop. This article emphasizes that readers should conduct their research before making investment decisions.