Week of (3.16–3.22) BTC Market Analysis
As of March 16, BTC is trading around $71,500. Early in the week, driven by geopolitical safe-haven demand and ETF capital inflows, it surged to $73,000, with the week showing a wide-range upward oscillation pattern.
Technical Analysis: The daily chart maintains an uptrend channel, but MACD shows a bearish divergence at high levels and RSI at 68 is approaching overbought conditions, indicating weakening bullish momentum and rising pullback pressure. Key levels: Support at $70,000–$68,500, Resistance at $73,000–$74,000. The 4-hour Bollinger Bands are narr
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