Bitcoin is poised for its seventh consecutive green daily candle, with price action testing a weekly close above $70,000.

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- Figure 1 -

The cryptocurrency has held above the 200-week EMA and former 2021 all-time highs at $68,300 and $69,400, reinforcing technical support.

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- Figure 2 -

Crypto trader Michaël van de Poppe noted the recent dip was driven by risk-off sentiment ahead of the weekend, not panic. He expects a pullback to close CME futures gaps before resuming upward momentum toward $75K-$80K.

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- Figure 3 -

At press time, BTC/USD was up over 8% weekly and 6.7% in March. However, geopolitical volatility and oil supply shocks continue to weigh on broader market sentiment.

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- Figure 4 -

Analyst Kyle Doops identified a mid-term range between $54,400 (realized price) and $78,400 (market mean), noting consistent profit-taking above $70K without panic selling.