Can Bitcoin reach $ 100,000 after the upcoming federal reserve decision in the United States?
The price of Bitcoin for a short period of $ 85,000 on Sunday March 16, which represents a 11 % recovery from the bottom of last week of $ 76,000. The climbers are publishing large jobs in BTC before the upcoming US Federal Reserve decision scheduled for March 19.
Bitcoin (BTC) is trying to recover $ 85,000 as sellers continue to keep it
After reaching the highest level ever of $ 109.071 in January, Bitcoin witnessed a sharp decrease of approximately 30 %, reaching less than 76,000 dollars last week.
This recession is attributed to many factors, including geopolitical tensions after President Trump intervened in early March and recent American commercial tariffs.


However, the positive indicators of the US Consumer Prices Index (CPI) and the PPI price index reports published last week have stimulated the recovery. On March 16, BTC briefly crossed a brand of $ 85,000, reflecting 11.1 % profit from the lowest level in the previous week of $ 76,000 registered on Tuesday 12 March.
This indicates that investor morale has improved significantly since the issuance of consumer price index data on Wednesday, March 13th, as many chose to occupy their positions in anticipation of the upcoming macroeconomic announcements.
What are the results of the federal reserve rate can BTC pay $ 100,000?
The next Federal Reserve on interest rates is an important event for Bitcoin investors.
Historically, low interest rates have increased liquidity in the financial markets, and often benefit from the assets of risk ranging from stocks to cryptocurrencies.
The following Federal Open Market Committee (FOMC) decision is expected to be on Wednesday 19 March.
If the Federal Reserve indicates a temporary stop or hints to imminent discounts, this may lead to an increase in investor confidence, which is likely to lead the price of bitcoin about $ 100,000.


On the contrary, a sluggish position with high prices can tighten liquidity, which constitutes challenges to the upward bitcoin momentum.
However, based on modern data from CME collectionThe majority of market monitors at a price of 99 % are an opportunity to stop modified.
If this scenario is operated as expected, BTC PRICE may see some bullish trend following the official average announcement, as is the case often historically after the lowest federal reserve decisions.
The bulls created a $ 1.9 billion dominance
After signs related to inflammation in CPI and PPI reports in the United States, almost with market monitors, market observers exclude opportunities to reduce prices as they were previously feared, the majority of the Bitcoin merchants have priced it in the decision to pause and put the site trading accordingly.


In the derivative market, the upscale feelings are clear. Over the past 7 days, bull dealers have installed long crane jobs of $ 4.9 billion, while short leverage functions amount to $ 3.8 billion, giving Bulls a net hegemony of $ 1.1 billion.
BTC Outlook next week
This large long sites indicate the strong market confidence in the future estimate of Bitcoin. However, it is necessary to monitor these situations that are closely learned, as sudden market attacks can lead to liquidation, which inflates price movements.
Given the BTC price recovery by 11 % over the past week, the expected suspension price in the Federal Reserve has already been priced, and many traders can benefit from announcing the implementation of the news strategy.
In this scenario, BTC can see another shrinkage less than the 80,000 dollar sign, especially with long traders who are currently holding more positions than others.
Bitcoin price expectations: Recovery in playing, but $ 100,000 is still a difficult goal
Bitcoin Price’s work shows early signs of recovery after the bounce of the lowest level at $ 76,000, and is currently trading at $ 83,175. The upscale issue is supported by the meeting of technical indicators, but the path to $ 100,000 is still uncertain as the main resistance levels and challenges that define morale in the market.
The number of Elliott wave suggests that Bitcoin has completed a corrective leg down, in line with the extension of 1.618 Fibonacci at $ 76,555.


The apostasy from this level indicates the possibility of a relief gathering, with immediate targets at the level of 0.382 Vibonacci of $ 89,085, followed by $ 92,956 (0.5) and stronger resistance near 96,827 dollars at 0.618. In addition, the equivalent SAR index, currently 97,068 dollars, reinforces this area as a pivotal area where the bullish momentum may face resistance.
However, the homosexuality risks are still prominent. The sound file shows a decrease in the power of the purchase side, indicating a strong lack of condemnation between the bulls.
Moreover, the BBP (bear/bull power) remains deeply negative at -10,559, indicating that the declining pressure is still under toys. If Bitcoin fails to regain $ 89,000 convincingly, this may lead to other sale of support level of $ 76,000, which may expose the market to more negative aspect.
For the next week, Bitcoin depends on recovering $ 89,000. The decisive closure above this level can increase the height of 97,000 dollars, but the failure to collapse the above may witness a review of BTC 80,000 dollars or less.
Related questions (common questions)
If the Federal Reserve indicates a temporary stop or future discounts, Bitcoin can collect. However, the levels of strong resistance and profit may slow the momentum.
BTC should recover $ 89,000 to keep the upward trend. The resistance is located at $ 92,956 and 96,827 dollars, while support remains $ 80,000 and $ 76,000.
The bulls have a net hegemony of $ 1.1 billion in derivatives, but excessive risk increases the risk of liquidation, which may lead to severe price fluctuations.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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