23/03/26 Weekly Outlook

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23/03/26 Weekly OutlookBitcoin / TetherUSBINANCE:BTCUSDTProR35Last weeks high: $76,018.25 Last weeks low: $67,370.03 Midpoint: $71,694.14 Coming into the final full week of Q1 2026, where is Bitcoin in terms of price action? Last week BTC capped at $76,000 which briefly broke out of the 6 week range above $74,500 but couldn't maintain that breakout before falling back within the range. The overall HTF downtrend still has strong momentum and with Geopolitical influences also making risk-on difficult it's not surprising to see BTC reject. I still believe that the first real test for a change of market structure and a flip to a more bullish outlook would be acceptance above $79,000 key level. The fact the bulls couldn't push for a retest of that area still shows the weakness in the market. $65,000 is support and I would not rule out another retests of that level at some point soon. With Tradfi markets also rolling over and looking weak BTC would likely get dragged down with that too despite its relative strength in the last week. This weeks midpoint is as always very important as to which direction BTC will head to first, another leg up in the bear market rally or the next leg down?