Bitcoin is bouncing from a key support level.

• Buyers are stepping in here, which is pushing the price back up. 📈

Bitcoin is currently in the “dead zone” of the Rainbow Chart.

• In past cycles, this area has often been a good accumulation zone for long-term buyers.

20M Bitcoin have now been mined.

• Only 1M coins remain, which could take 100+ years to mine, showing how scarce Bitcoin is.

In past cycles, Bitcoin bottomed about 15% below the 300W EMA.

• With the 300W EMA near $57,100, a similar move could take BTC close to $50,000.

Michael Saylor hints at buying more Bitcoin.

"Stretch the Orange Dots."

If Bitcoin drops about $5,000 from the current price, more than $3.4B in long positions could get liquidated.

Large liquidations like this can push the price down even faster.

Bitcoin is around $71.8K with momentum slowly improving.

After bouncing from $66K–$68K, BTC is forming higher lows while traders watch $73K resistance.

Bitcoin has liquidity around $74K–$75K (short liquidations) and below $70K (long liquidations).

Since BTC is showing some strength, price could move up to take the $74K–$75K liquidity first.

Bitcoin hit $74,400🔥

Bitcoin has just formed another death cross.

The last time this happened in 2022, the price dropped sharply soon after.

There is a 99.2% chance the Fed will not cut rates at this week's March 18 meeting.

Bitcoin is currently in the “dead zone” on the Rainbow Chart.

Historically, this area has often been a good accumulation zone for long-term buyers.

🇺🇸🇮🇷 US war with Iran has now cost an estimated $21,000,000,000 since strikes began.