The price of bitcoin (btc) has been oscillating within the range of $ 82,400-85,300 since March 14, since the shoots in both directions have been of short duration, as shown below.
btc/USD four -hour price chart. Source: TrainingView
The key factors behind the flat price of bitcoin include:
The fears of the commercial war compensate for the pro-bitcoin news
bitcoin's price is stuck since bullish and bassist holders face, creating conflicts of bias that keep merchants guessing and in the btc range.
Alcista signs:
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On March 19, the Federal Reserve maintained stable interest rates at 4.25% –4.50% and announced a slower rhythm of the runoff of the general balance, which indicates the most flexible policy ahead.
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The president of the Fed, Jerome Powell, used the word “transitory” to describe the inflation driven by the rate, which puts in a magician tone that briefly lifted the feeling of the market.
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President Donald Trump declared the “indisputable bitcoin superpower” to the United States and is pressing for Pro-crypto policies, including Stablecoin legislation.
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Microstrategy continues to lead the institutional demand, adding 130 btc for $ 10.7 million, which takes its total to 499,226 btc.
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Senator Cynthia Lummis proposed to sell US gold reservations to acquire 1 million btc for five years, a bold sign of changing attitudes towards bitcoin as a strategic asset.
The bearish signals:
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Despite Powell's dovish tone, the Fed increase Its inflation prognosis from 2025 to 2.8% of 2.5% and reduced GDP growth expectations to 1.7% of 2.1%, suggesting that the risks of stagnation are increasing.
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The bitcoin FOMC rupture was short -lived, and the price quickly returned to a narrow negotiation range, signing a lack of conviction.
btc/USD four -hour price chart. Source: TrainingView
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Continuous commercial tensions and tariff uncertainty continue to hang on the markets, without a clear resolution in sight.
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A European Central Bank official warned That Trump's pro-crypt position could trigger a world financial crisis.
In summary, macroeconomic precaution and geopolitical noise compensate for bullish catalysts. Until one side is going decisively, bitcoin's price is likely to remain in limbo.
The reduction of stagnant liquidity of the Bitcoins market
A contraction in liquidity, the decrease in speculative activity and fading capital inputs maintain the btc blocked within the range of $ 82,400-85,300.
What to know:
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The limit made is growing only +0.67% per month, indicating weak capital tickets compared to 13.2% in December, according to Glassnode's Weekly report on the chain.
bitcoin made the position change of the limit network. Fountain: Glass node
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Hot Supply, which tracks the currencies maintained for a week or less (a proxy for the short -term merchant activity), has fallen more than 50%, showing a strong decrease in short -term commercial activity.
Related: 'bitcoin Bull Cycle is over', warns the cryptocant CEO, citing Ochain metrics
bitcoin hot supply table. Fountain: Glass node
bitcoin Exchange entrance breakdown by cohort. Fountain: Glass node
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These metrics show a decrease in trade and speculation, indicating that the bitcoin market is going from a phase driven by profits to a neutral balance.
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The lowest liquidity and moderate feeling are limiting the largest movements and low.
btc price trapped within the ascending triangle pattern
The price of bitcoin remains stuck since technical barriers continue to limit both up and down impulse.
Key control:
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The price is consolidated between a horizontal support converted into a level of resistance and an ascending trend line support.
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The upper limit acts as a strong roof.
btc/USD 12 -hour price graph. Source: TrainingView
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The ascending line of trend provides constant support, avoiding a deeper setback.
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The recent upward attempts have failed, including a false rupture above the resistance trend line.
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This tightening structure reflects a growing indecision, which is probably resolved with acute movement once any of the levels is decisively broken.
The resistance of the horizontal trend line and the ascending trend line support are painting an ascending triangle.
What to know:
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An ascending triangle is considered a bullish investment pattern when it is formed in a bearish trend.
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As a general rule, it is generally resolved when the price breaks above the higher trend line and increases as much as the maximum height of the triangle.
btc/USD 12 -hour price graph. Source: TrainingView
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This leads its upward target to April around $ 91,965.
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On the contrary, a breakdown under the lower trend line could intensify the sales pressure.
btc/USD 12 -hour price graph. Source: TrainingView
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.