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Bitcoin Must Close Above $81K to Avoid Further Decline

Bitcoin faces potential downside pressure if it fails to hold above $81,000 ahead of the upcoming FOMC meeting.

• Main Points:

  • Bitcoin risks dropping to $76K if it closes below $81K this week.

  • FOMC meeting on March 19 could impact investor sentiment.

  • Analysts expect the Fed to keep rates steady, but hawkish signals could pressure BTC.

  • A close above $85K could spark a breakout toward $90K.

  • Trump’s Bitcoin reserve plan gains traction with a new legislative bill.

• Detailed Insights:

  • BTC fell 3% this week, trading near $83,748 as of March 15.

  • FedWatch tool shows a 98% probability of steady interest rates.

  • Analysts warn that unexpected Fed hawkishness could hurt Bitcoin.

  • Breaking above $85K could restore bullish momentum.

  • Trump-backed legislation aims to secure Bitcoin reserves for the U.S.

Related: Bitcoin Stuck Below $84K: What’s Holding It Back?

21Shares to Shut Down Two Crypto ETFs Amid Strategy Shift

21Shares is liquidating ARKY and ARKC ETFs due to poor performance, with final trading on March 27.

• Main Points:

  • ARKY (-25.15% YTD) and ARKC (-16.05% YTD) will be liquidated on March 28.

  • Shareholders must sell by March 27 or receive cash at liquidation value.

  • 21Shares remains committed to crypto investment products with ARK Invest.

  • Bitcoin trades at $84,008 (+2.34%), Ethereum at $1,919 (+0.92%).

  • Despite price gains, BTC and ETH trading volumes are declining.

• Detailed Insights:

  • ARKY invested in BTC and ETH futures, while ARKC focused on BTC futures.

  • Market conditions and strategy shifts led to the ETFs’ closure.

  • 21Shares assures continued presence in U.S. crypto investment space.

  • Bitcoin’s market cap stands at $1.66T, nearing its 21M supply cap.

  • Ethereum’s 31.21% volume drop suggests possible market consolidation.

Related: Bitcoin Panic Selling Wipes Out $100M in 6 Weeks

Bitcoin Could Consolidate for 8 Months Again, Analyst Warns

Bitcoin’s price action signals market indecision, with little evidence of a strong recovery in the near term.

• Main Points:

  • BTC may repeat 2024’s prolonged consolidation phase, says 10x Research.

  • The “High and Tight Flag” pattern signals uncertainty, not bullish momentum.

  • Spot Bitcoin ETFs show no major “buy-the-dip” interest.

  • Bitcoin is down 23% from its $109K all-time high in January.

  • Analysts predict a possible retest of $78K or even $75K.

• Detailed Insights:

  • BTC’s current chart resembles past consolidation patterns, per Markus Thielen.

  • ETF flows indicate hedge funds, not long-term investors, are driving movement.

  • Bitcoin ETF outflows hit $1.66B since early March.

  • Market uncertainty is linked to U.S. macroeconomic policies.

  • Analysts see a recovery possible only if BTC stabilizes in the low $70K range.

Related: XRP Eyes 46% Rally After Ripple Secures Dubai License

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results