With the crypto market tension due to the new pricing policy of US President Donald Trump, all eyes are on the decision of interest rates of the American federal reserve on March 19. Experts think that the president of FED Jerome Powell will keep Prices at 4.25% -4.50%Which could push Bitcoin in front of $ 88,000!
The market awaits the FOMC decision
The meeting of the Federal Open Market Committee (FOMC) from March 18 to 19 is added to market tension. With the interest rate Decision for March 19Traders are preparing for potential volatility.
However, all of this focuses on the discourse of the president of the federal reserve Jerome Powell, because his words could push bitcoin higher or slow it down. Many crypto investors hope for rates drop notes, which could increase Bitcoin exceeding $ 83,000.
The Obez market analyst said: “If Powell suggests softening policies, Bitcoin could exceed $ 83,000.” A positive perspective could bring more money in the crypto.
Thus, inflation is always 2.8%, above the target target of the Fed, and strong growth in employment does not suggest any urgent need for stimulus. This could limit Bitcoin gains in the short term.
Bitcoin key levels to monitor
Bitcoin must transform the resistance level of $ 85,000 into support to target higher levels, Maybe reach $ 88,000. This forces BTC to recover its position above the 200-day exponential mobile average (EMA), which she lost on March 9 for the first time since August 2024.
Meanwhile, the droppings scenario suggests a drop below $ 78,000, with a potential support detection at $ 74,000. Other drops could push BTC to the fork from $ 70,000 to $ 66,000.
Analysts like Superbitcoinbro and Nebraskanguer warn that Bitcoin could review $ 71,300 to $ 73,800 before making its next step.
ETF’s request provides hope
A light point for Bitcoin Bulls is the growing demand for Bitcoin ETF. March 17th ETF recorded $ 274 million In the starters – the highest since February 4. This could provide the necessary momentum for Bitcoin to exceed its current resistance and target the new heights in the coming weeks.