Bitcoin Steady at $85,700 as #Altcoins Struggle

On the first Sunday of March, Bitcoin (BTC) holds steady at $85,700, gaining 1% for the day. However, market sentiment remains cautious as altcoins struggle to recover.

The past week has seen expected volatility, with #BTC dipping below $80,000, highlighting the risks for bullish investors.

The broader economic landscape adds to market uncertainty. The potential global trade war and the inflationary effects of Trump's policies are fueling macroeconomic concerns.

Additionally, hopes for a resolution in the #Ukraine war are fading as discussions indicate a prolonged conflict.

Bitcoin Price Outlook:

- Currently, BTC lacks strong buying momentum, with low weekend trading volumes.

- If the $78,120 support fails, BTC could test the $73,620 range, where an unfilled #CME gap exists. A breakout above $87,800, however, may push the price toward $92,000.

This is for info DYOR