Bitcoin, according to the previous analysis, pumped after reaching the $78,000 zone and filling the CME gap following a tweet from President Trump. However, due to a lack of demand in the spot and ETF markets, along with news of U.S. economic tariffs, it quickly retraced. The market still lacks sufficient demand, and if the U.S. government meeting on Friday, March 7, delivers positive news, the market could move toward the $120,000 peak. Otherwise, the correction may continue down to the $68,000 zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.