Bitcoin Price Struggles Amid Volatility Ahead of SEC Decision

The recent de-escalation of the U.S.-Iran war has had a limited impact on Bitcoin's price, which remains underperforming. Despite the improvement in market sentiment, Bitcoin's value is still lower than it was a week ago, trading at around $71,000.

Market analysts are anticipating extreme volatility ahead of the SEC decision on 91 crypto ETF applications due by March 27. An approval could trigger a swift rebound, while rejection may lead to a deeper capitulation.

The Fear & Greed Index has dropped to an extreme fear level of 11, indicating that market participants are highly cautious. To reclaim $73,000, Bitcoin's price needs to break through the current resistance levels and shift the 14-day RSI into bullish territory.