Today, March 20, 2025, Bitcoin (BTC), the largest encrypted currency in the world, appears to be transformed from its lengthy unification to the huge upscarcase. The Federal Reserve’s decision prompted the interest rates to retain interest rates during the March FOMC BTC meeting above the decisive level.
Technical analysis of Bitcoin (BTC) and the upcoming levels
According to expert technical analysis, after March FOMC, BTC violated its prolonged unification and resistance that it faced from the SIA moving average (EMA) on the daily time frame.
Despite the penetration, it has not been completely confirmed whether BTC will collect or continue to unify it. Based on the latest procedures for historical prices and patterns, if BTC closes a daily candle over the mark of $ 85,800, there is a strong possibility that can rise by 8 % to reach $ 92,600 in the coming days.
This upscale thesis will remain valid only if BTC is more than $ 85,600; Otherwise, you may fail.
Current price momentum
At the time of the press, Bitcoin is trading near 85,500 dollars, after more than 4.50 % increased over the past 24 hours. Meanwhile, the trading volume jumped by 40 % during the same period, indicating an increase in the participation of traders and investors compared to the previous day after the upcoming price.
Main filter areas
After the upcoming upcoming price and momentum, traders seem optimistic about the original, as the analysis company said on the series Coinglass.
The data revealed that traders have been overwhelmed by their donkey at 83,400 dollars, a level in which they occupy nearly $ 920 million of long jobs. On the other hand, $ 86,300 is another level of the record as merchants who bet on the short side occupied $ 375 million in short positions.
When combining these scales on the chain and technical analysis, it appears that the bulls dominate and push BTC towards a $ 90,000 sign.
