Bitcoin is trading near $74,400, testing key resistance at $75,000 after reclaiming the 50-day SMA and surpassing $70,000. Bulls face strong seller pressure despite a strong weekly close.

A death cross on the weekly chart warns the bear market may persist, with support seen near $58,900. Analysts say a decisive move above $75,000 is needed to confirm reversal.

Macro volatility looms as the Federal Reserve prepares for its rate decision amid rising oil prices and inflation concerns. WTI crude opened above $100, amplifying risk-off sentiment.

Gold has weakened below $5,000, underperforming during the Iran conflict. Analysts point to growing divergence between gold and Bitcoin, signaling potential capital rotation into crypto.

Onchain data shows declining exchange inflows, especially from whale wallets, reducing selling pressure. U.S. spot Bitcoin ETFs report daily net inflows since March 9.

A $1 billion USDT mint on Tron in mid-March signals fresh liquidity entering the market-potentially fueling further upside if confidence holds.