Bitcoin To Get ‘Interesting’ As Price Retests $85,000 – Here Are The Levels To Watch

Quick Summary:

Daan warned investors that the current $84,000-$85,000 range is a key level to overcome, as BTC has been "unable to break back above the Daily 200MA/EMA cluster.” Reclaiming this zone could send Bitcoin back to the $90,000 resistance and reclaim its post-election breakout price range.

Additionally, starting in April, the Fed will slow the pace of balance sheet reduction, lowering the monthly Treasury redemption cap from $25 billion to $5 billion while maintaining the cap for agency debt and MBS at $35 billion.” Daan Crypto Trades noted that BTC’s price could "get quite interesting” with the FOMC volatility.

Analyst Rekt Capital noted a decline in seller volume over the last few days, which has allowed buyers "to step in.” According to the analyst, "Buyers need to showcase above-average volume for there to be more conviction in this move.” Related Reading: BNB Ready To Breakout?

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United KingdomTogo

Topics: Bitcoin sellers Bitcoin Bitcoin BTCUSDT Bitcoin analysis Crypto Market Recovery Bitcoin Buying Pressure Btc FOMC announcement FOMC Meeting Crypto trader Crypto analyst Crypto market correction Crypto Bull Run 2025

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 08:30:10 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 533 words

Reading Time: 3 minutes read

Sentences: 82 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 27188987

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About NewsBTC

Main Topics: Crypto

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