Current price at $71,054 indicates a tight range, with significant resistance at $72,000. Despite a recent surge above $75,000, the price has pulled back, consolidating between $68,000 and $70,000. Prediction markets show only a 77% probability for breaking $72,000, while Polymarket odds are split, suggesting balanced market sentiment. On-chain data reflects strong support from institutional inflows, particularly around $60,000-$65,000, but short-term retail activity fluctuates without clear momentum drivers. Whale activity remains stable, providing no alarming sell-off signals, yet lacks bullish accumulation momentum. Macro factors like Fed policy and ETF flows introduce uncertainty but don't strongly favor a breakout by tomorrow. Given these conditions, the market's expectation of hitting above $72,000 seems moderate. Therefore, I lean slightly against a breach of the $72,000 threshold by March 18 noon ET.
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Will the price of Bitcoin be above $72,000 on March 18?
Market: Will the price of Bitcoin be above $72,000 on March 18?
Will the price of Bitcoin be above $72,000 on March 18?
Market: Will the price of Bitcoin be above $72,000 on March 18?