Technical analysis by a_ about Symbol BTC on 3/16/2025

The price of Bitcoin again has a neutral trend with short -term uptrends and fluctuates below $ 85,000. To reach $ 92,000, the price needs to cross the $ 85,000 range and create a valid defeat that is required to create cash. It can indicate the uncertainty of traders. On the other hand, US economic data and the Federal Reserve decisions still have a direct impact on the Bitcoin process. If interest rates fall, one can expect increased demand for risky assets such as bitcoin. In addition, increasing whales' activity and entering the currency exchange can provide signals about the next price move. Relative Power Index (RSI) has reached the neutral area in the short -term frame time and there is still no sign of saturation or intense sale. If the price stabilizes above $ 85,000, the route to rise to $ 92,000 will be paved, but if failed at this level, the correction of below $ 80,000 may face more investors.