Bitcoin has been making headlines recently as its price continues to rise and fall. The cryptocurrency saw a significant drop in value on March 26, coinciding with the Wall Street open. This was seen as a key shift in market structure, with US selling pressure returning to the market.

The drop in Bitcoin’s price was mirrored by a lack of momentum in US stocks, with the S&P 500 and Nasdaq Composite Index also heading lower. At the same time, the US dollar index (DXY) reached three-week highs, further adding to the downward pressure on Bitcoin.

The uncertainty surrounding US trade policy and the upcoming deadline for new tariffs has also been a cause for concern in the market. This has led to sideways volatility, with traders unsure of the potential impact on the market.

However, there are still positive signs for Bitcoin. The decision by video game retailer GameStop to add BTC to its corporate treasury has been seen as a bullish move, potentially sparking renewed interest from retail investors.

In addition, popular trader Titan of Crypto has revealed that Bitcoin has broken out of a three-month downtrend, signaling a key shift in market structure. This is supported by other indicators, such as the relative strength index (RSI) and the Hash Ribbon metric, which are both giving preemptive upside signals.

While there is always risk involved in investing and trading, these positive indicators suggest that Bitcoin could continue to outperform in the near future. As always, it is important for individuals to conduct their own research and make informed decisions when it comes to investing in cryptocurrency.