Crypto analyst ₿ariksis expects Bitcoin to advance from about $70,000 to $110,000 over the next 60 days, implying a potential $40,000 upside move. The forecast, which comes after several weeks of global market volatility, is based on what the analyst describes as supportive macroeconomic conditions alongside constructive technical signals.

The Bitcoin Fear and Greed Index remains in the "Extreme Fear" range, signaling deeply pessimistic market sentiment. Some market participants note that historically, significant long-term entries have often occurred during such deep fear readings.

Polymarket traders are pricing in a 27% probability that Bitcoin will trade above $80,000 at some point in March, according to the latest data from the prediction platform. The odds reflect current positioning in Polymarket's crypto markets.

Bitcoin is trading around $71,000 with resistance near $74,000, Bloomberg reports. Multiple historical indicators suggest the recent downturn could be approaching a bottom, with Brett Munster of Blockforce Capital noting one key signal has already been triggered.

Bitcoin remains in search of a market bottom, with the $60,000 level serving as a critical area to watch, Fidelity Director of Global Macro Jurrien Timmer said. Timmer emphasized that $60,000 represents an important price zone for determining where Bitcoin may stabilize.

Spot Bitcoin ETFs are priced with a 60% implied probability of posting positive net flows today, Polymarket data show. The platform's data suggest traders expect institutional participants to buy into the recent Bitcoin price dip through these products.

Bitcoin dropped to around $71,000 after earlier touching a weekly high near $73,913. The pullback marks a reversal from the recent peak for the leading cryptocurrency.

Coinglass data show Bitcoin falling below $67,669 would trigger cumulative long position liquidations of $1.703 billion across major centralized exchanges, ChainCatcher reports. The data also show a move above $74,629 would result in cumulative short position liquidations totaling $1.372 billion on these platforms.

Bitcoin is moving toward a price range that historically coincided with previous bear market lows, Bloomberg reported. The report, titled "Bitcoin Nears Zone Where Past Bear Markets Have Bottomed Out", characterizes the current setup as bullish for the cryptocurrency.