coin-img-ETHETH+1.87%coin-img-BTCBTC+0.46%coin-img-SOLSOL+1.92%coin-img-XAUTXAUT+1.61%coin-img-PAXGPAXG+1.82%coin-img-BASEDBASED-18.54%coin-img-CDDCDD+95.71%coin-img-XRPXRP+0.66%coin-img-ETHETH+1.87%coin-img-BTCBTC+0.46%coin-img-SOLSOL+1.92%coin-img-XAUTXAUT+1.61%coin-img-PAXGPAXG+1.82%coin-img-BASEDBASED-18.54%coin-img-CDDCDD+95.71%coin-img-XRPXRP+0.66%coin-img-ETHETH+1.87%coin-img-BTCBTC+0.46%coin-img-SOLSOL+1.92%coin-img-XAUTXAUT+1.61%coin-img-PAXGPAXG+1.82%coin-img-BASEDBASED-18.54%coin-img-CDDCDD+95.71%coin-img-XRPXRP+0.66%coin-img-ETHETH+1.87%coin-img-BTCBTC+0.46%coin-img-SOLSOL+1.92%coin-img-XAUTXAUT+1.61%coin-img-PAXGPAXG+1.82%coin-img-BASEDBASED-18.54%coin-img-CDDCDD+95.71%coin-img-XRPXRP+0.66%
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Steve Muchoki

Bitcoin drops into Rainbow Chart "Fire Sale!" band by March 31 as BTC trades near $67,023

Bitcoin (BTC) moved into the Rainbow Chart's "Fire Sale!" zone by March 31, marking its first return to that band since the late-2022 FTX-driven capitulation. At the time of reporting, BTC was around $67,023, with the drop attributed to institutional selling and a pause in Strategy Inc.'s weekly purchase announcements. Some analysts see a higher chance a cycle floor is forming, while a 50/200-day SMA death cross on the 3-day chart is cited as a downside risk.
BTC
BTC+0.42%
FTT
FTT+1.95%
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