Bitcoin Battles $85K: Key Levels & Fed Decision Ahead
BTC failed to break above
$85,000
resistance on March 17, staying in a tight range between
$84,000-$85,200
since March 12.
Bitcoin remains in
uncertainty
on lower timeframes, with market tension rising ahead of a major Fed decision.
The Federal Reserve will announce its
interest rate decision
on
March 19 at 2 PM ET
, impacting market volatility.
CME’s FedWatch Tool predicts a
99% probability
that interest rates remain between
4.25%-4.50%
.
Investors await
Fed Chair Jerome Powell’s
stance, with inflation still above the Fed’s
2% target
.
Low
unemployment (4.1%)
and
GDP growth (2.3%)
suggest no urgent need for rate cuts.
Polymarket suggests a
100% chance
of the Fed
ending quantitative tightening (QT) by April 30
.
BTC needs to
flip $85,000 into support
and reclaim the
200-day EMA
for bullish momentum.
If BTC
breaks above $85K
, the next target could be
$90,000
—but failure may push prices lower. 🚀
Is It Too Late to Invest in Bitcoin?
3 Cryptocurrency Predictions for 2025