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Bitcoin Price Analysis: 4 Events that Drove BTC Markets Last Week, and Next Big Move to Expect

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Summary
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72% Informative

Bitcoin price has stabilized above the $ 86,000 level on Saturday , on course to close the first week of March with 7% losses.

New US tariffs updates triggered volatility, pushing Bitcoin to a weekly low of $ 81,400 before recovering.

Non-Farm Payrolls report signaled rising unemployment, increasing concerns over inflation and Federal Reserve rate hikes, weighing on Bitcoin ’s price.

The price hovers near the 50-day moving average, acting as immediate support, while the upper Bollinger Band at $ 93,822 serves as resistance.

The MACD histogram shows declining bullish momentum, with the signal line approaching a bearish crossover.

The overall structure remains intact, as long as Bitcoin holds above $85,000 .

A break below this level could trigger further downside towards $ 80,800 .

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