Weekly price analysis: Bitcoin finds support for 77,000 US dollars, but feelings remain weak

• The crypto prices voted losses as Bitcoin last week when Bitcoin found support at a level of 77,000 US dollar with a decrease of 95,000 US dollars last week.
• However, the prices are still the trend in the intermediate frames, since the crypto and stock markets are pushed through tender-driven trade uncertainty.
• In the meantime, ETFs have registered drains for three consecutive weeks, while the investors impair their portfolios.

bitcoin

The price campaign of Bitcoin moved positively in the week on Friday, March 14th and closed around 82,000 US dollars after a low of 76,577 US dollars on Tuesday, March 11th.

However, the feelings remain weak as data from the bitcoin Fear & greed Index shows that the market is still anxious and the price campaign was positive in the last trading days, the structures of the intermediate frames (4h and 1h) are still bearish.

When the market structure goes out, the market structure shows that Bitcoin is still optimistic for larger time frames despite the latest bear price campaign, since in November 2024 over 74,000 US dollars will be broken. However, the price could continue to drop to test the level of 74,000 US dollars again.

In the meantime, the open interest in the CME shows, in which Bitcoin -Futures contracts are the most, the volume of the last week after a break -in was decreased in accordance with the price increases, which indicates that most of these new contracts were long.

Outlook

The global markets are still exposed to uncertainties, since the tariffs are to be implemented on April 2 and the feelings of Bitcoin remain in the anxiety zone. While the price of Bitcoin was not interrupted under the support of 77,000 US dollars, it did not swing over the local altitude.

BTC deals with 83,083 USD.