Bitcoin (BTC) has started the third week of March fighting for a breakout after a trip to near $75,000. Despite a strong weekly close, analysis warns that the Bitcoin bear market remains in place and a recent death cross on the BTC/USD weekly chart indicates a continued squeeze up. Gold's recent weakness is also contributing to the Bitcoin rotation debate. The weekly close allowed Bitcoin bulls to reclaim key trend lines, including the 200-week exponential moving average (EMA) at $68,300 and its 2021 record high at $69,400. However, the price is also back above its 50-day SMA for the first time since mid-January. Long-term market consensus remains hawkish on BTC price action, with calls for new macro lows still present. US President Donald Trump has hinted at a possible easing of the Straitormuz Strait, and the Federal Reserve is tasked with its next decision on changes to core interest rates.