After a positive beginning of the week, the Bitcoin price returned to negative phrases after BTC (BTC) dropped by 3.5% to a low level of USD 84,120 on March 28. The price was rejected at the anger of a decreasing trend (black) and the upper range of the channel pattern.

On the BTC daily chart it is now again below the 200-day interpretation average (EMA), and the potential close below the key indicator can cause a further defect.

The global expansion of liquidity can lend a hand at the price of bitcoins

Last analysis from macroeconomic analysts of capital analysts pointed Bitcoin can correct the 72,000–75,000 USD region if the liquidity conditions remain unchanged.

Makro liquidity refers to the total capital available in the financial system, which can easily flow into risk assets, such as shares and crypto, but it is influenced by factors such as interest rates, US Federal Federal Reserve Policy and market conditions.

According to capital flows, Bitcoin shows “greater convergence” with customary risk assets, but remains on the outskirts of the risk curve. This means that for capital to return to BTC, the way of investors’ thinking must go from focusing on less risky assets, such as bonds, more risky assets such as BTC or low -quality banks in the Russell index. The researcher said:

“Overall, the macro background is neutral. The rates have dropped slightly, but the trade in wearing still causes the risk of assets.”

On the contrary, other analysts have indicated that the augment in global M2 monetary supply can potentially cause a BTC rally. The global liquidity chart, which monitors the augment in M2 from the main central banks, is historically a correlation with Bitcoin prices.

Colin talks about crypto, cryptographic commentator, he said that the predictive correlation between the delivery of M2 and BTC indicates the BTC rally around May 1, which can last two months.

However, the key difference between macro liquidity and the global augment in M2 is that although M2 measures the total money supply, macro liquidity emphasizes the ease with which capital can flow into risk assets. In context, even if the M2 money supply increases, the macro liquidity may remain the same if the money is allocated to low risk assets. In the airy of this, capital said:

“The amount of money in the system does not expand as it used to be.”

Related: Why is the Bitcoin price reduced today?

Bitcoin fills a subordinate gap worth 85 thousand. $

The last Bitcoin rally created a CME gap from 84 435 to 85,000 USD. The difference of Futures CME Bitcoin indicates the difference between the BTC CME Futures closing price on Friday and the opening price on Sunday evening. Most of the time the gaps are filled, and traders are approaching these levels from resistance or support, depending on the market structure.

As shown in the chart, the BTC price filled the CME gap before its daily closure on March 28, which can lead to a compact -term reflection. Gap CME is also aligned with the re -test of the lower range of the ongoing growing channel pattern, as mentioned earlier.

However, Crypto Trader HTL-NL pointed According to the possibility of long -term correction below, creating a modern minima in 2025. Trader showed immediate support of 76,700 USD, which may be a tiny re -region before prices fall below USD 74,000.

Similarly Crypto Chase, technical analyst, excellent that it is a “do or die” situation for Bitcoin. Trader said in the post x

“Either he maintains this FVG / 2 weeks ago at 8527.0, or will fail, and I am looking for a short aiming at Budum Liq near 80k.”

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.