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Bitcoin needs weekly close above $81K to avoid downside ahead of FOMC

Coin Telegraph LogoCoin Telegraph14h ago

Bitcoin needs weekly close above $81K to avoid downside ahead of FOMC - Coin Telegraph

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Source: CME Group’s FedWatch toolThe outcome of the meeting may significantly impact Bitcoin investor sentiment, said Lee, adding:“The market largely expects the Fed to hold rates steady, but any unexpected hawkish signals could put pressure on Bitcoin and other risk assets.”“Even a dovish surprise, like a rate cut, might not be the immediate boost some are hoping for, as investors are still weighing macro uncertainties,” added the analyst.Related: US Rep.

The market analyst told Cointelegraph:“Traders and investors alike are keeping a close eye on the $80,000 support and the $85,000–$90,000 resistance, with a break above the latter potentially sparking a strong upward movement.”While Bitcoin’s short-term momentum may be limited by the upcoming economic releases, the regulatory developments around Trump’s Bitcoin reserve plan may gradually bring more market optimism and mass adoption, added the analyst.

Source: CointelegraphClosing the week above $81,000 will be key to avoid more Bitcoin downside, the analyst told Cointelegraph, adding:“The key level to watch for the weekly close is $81,000 range, holding above that would signal resilience, but if we see a drop below $76,000, it could invite more short-term selling pressure.”The analyst's comments come days ahead of the next FOMC meeting scheduled for March 19.

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Article Details

Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-15 @ 10:07:12 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 496 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27023222

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 142 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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Website Security: Secure (HTTPS)

Publisher ID: #11

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