Bitcoin managed to avoid losses suffered by global stock markets over oil supply uncertainty, with a 5% relief bounce from its weekly open level.

Bitcoin faced two death crosses and the total failure of the $74,000 BTC price breakout headed into the second week of March as the US-Iran conflict raged.

Bitcoin price weakness brought back the risk of cementing its 200-week exponential moving average trend line as new resistance.

Bitcoin erased its latest breakout attempt after hitting $74,000 as surprisingly weak labor-market data offered no tailwind to crypto or risk assets.