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.