Category: Forex News
Bitcoin (BTC) News Today: ETF Market Fluctuations Drive Investor Sentiment
Total net outflows across the BTC-spot ETF market likely contributed to the BTC losses (-0.31%) on Saturday, March 2.
Technical Analysis
Bitcoin Analysis
BTC hovered well above the 50-day and 200-day EMAs, affirming bullish price signals.
A BTC break above the Wednesday high of $64,006 would support a move toward the all-time high of $69,276.
BTC-spot ETF market-related chatter needs consideration.
However, a drop below the $62,000 handle would give the bears a run at the $59,176 support level.
The 14-Daily RSI reading, 80.26, shows BTC in overbought territory. Selling pressure will likely intensify at the Wednesday high of $64,006.
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