Bitcoin price falling to $ 72K possible due to ‘macro liquidity’ conditions – analyst

After a positive start on Sunday, the price of Bitcoin returned to the negative return after BTC (Btc) dropped by 3.5% in an intraday of less than $ 84,120 on March 28. The price decline took place at the downward trend (black) and the upper range of the channel’s upward pattern.

In the daily chart, the BTC is currently below the 200-day exponential transfer of average (EMA) again, and a potential near the bottom of the main indicator can trigger further downside.

Expanding global liquidity can help the price of bitcoin

Recent Review from Macroeconomic Market Analyst Capital Flow Taught Out that Bitcoin can be corrected by the $ 72,000- $ 75,000 region if the liquidity conditions remain unchanged.

Macro’s liquidity refers to the total capital available in the financial system that can easily flow into risk assets such as equities and crypto but influenced by factors such as interest rates, US federal reserves and market conditions.

According to capital flows, Bitcoin shows a “larger scene” with traditional risk ownership, but it remains in the periphery of the risk curve. This suggests that for capital flowing back to BTC, investors’ mindset should move from focusing on less risky properties, such as bonds, to riskier assets such as BTC or low quality banks in the Russell Index. The researcher said,

“Wide -speaking now, the Macro Liquidity Backdrop is neutral. Rates have dropped marginally, but trade carry continues to create a risk for ownership.”

On the other hand, other analysts have pointed out that increasing global currency supply of M2 may be able to compromise a BTC rally. The global liquidity chart, which monitors the growth of M2 from major central banks, has historically developed a link to bitcoin price movements.

Colin talks to Crypto, a crypto commentator, Says That the unpredictable correlation between the M2 and BTC supply indicates a BTC rally around May 1, which can take two months.

However, the main difference between Macro’s liquidity and global growth of M2 is that while M2 measures the total supply of money, macro liquidity features ease in which capital can flow to risk properties. For context, even as the M2 currency supply increases, macro liquidity can remain the same if the money is allocated to low-risk properties. In this regard, capital flows said,

“The amount of money in the system does not expand as before.”

Related: Why is Bitcoin price declining today?

Bitcoin fills the sub- $ 85k CME gap

The recent Bitcoin rally created a CME space between $ 84,435 and $ 85,000. The CME Bitcoin Futures Gap indicates the difference between the closing of the price of BTC CME futures on Friday and the opening price on Sunday night. The gaps are filled most of the time, and merchants approach these levels from the point of resistance or support, depending on the market structure.

As described in the chart, the BTC price filled the CME’s interval before the daily near March 28th, which could lead to a short-term bounce. The CME gap is also aligned with a retest of the lower range of continuous ascending channel pattern, as mentioned earlier.

However, the Crypto HTL-NL businessman Taught The possibility of a long -term correction below, forming new lows in 2025. The entrepreneur showed immediate support of $ 76,700, which could be a minor region before prices dropped below $ 74,000.

Also, Crypto Chase, a technical analyst, mentioned This is a “do or die” situation for bitcoin. In an X post, the businessman said,

“Either holds FVG / 2 weeks ago at 8527,0 or failed it, and I will look for a short on the retest targeting build up liq near 80K.”

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.