Bitcoin Price Next Week: Is the Fed Restraining Market Momentum?

Bitcoin (BTC) is fluctuating around the $70,000 level as of Saturday's reading, down nearly 3% from the beginning of the week and closing out a streak of two consecutive weeks of recovery. The weakening momentum has emerged as market sentiment is affected by the Federal Reserve's (Fed) "hawkish" stance in its March monetary policy decision, thereby creating considerable pressure on the price of the leading market coin. Meanwhile, diverging inflows and outflows from spot ETF funds reflect increased caution among institutional investors, suggesting that Bitcoin is likely to continue moving within a narrow range in the short term.