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Bitcoin remains under pressure as geopolitical tensions and weak U.S. jobs data overshadow recent ETF inflows, delaying the $78,000 price target from late March to the coming months. Pro traders now assign less than 17% probability to a breakout above this level, indicating cautious sentiment amid macroeconomic uncertainty. The market is closely watching how central bank policies and macroeconomic data will influence Bitcoin's trajectory in the near term. The low probability of a $78,000 breakout signals bearish pressure on Bitcoin, affecting investor strategies and risk appetite. Traders are prioritizing short-term volatility management over aggressive long positions, with many adopting hedging tactics. The crypto market's sensitivity to global macroeconomic factors underscores the importance of monitoring Fed policy shifts and geopolitical developments. For MENA investors, the delayed price target highlights the need to track U.S. economic indicators and ETF flows as key drivers of Bitcoin's performance. Regional crypto markets may experience ripple effects from global sentiment shifts. Key watchpoints include upcoming Fed statements, Middle East tensions, and institutional adoption trends in emerging markets.
