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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/84055"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=84055"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/84055\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=84055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=84055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=84055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}