With crypto market tension rising due to US President Donald Trump’s new tariff policy, all eyes are on the US Federal Reserve’s interest rate decision on March 19. Experts believe Fed Chair Jerome Powell will keep rates at 4.25%-4.50%, which could push Bitcoin past $88,000!
Market Awaits FOMC Decision
The Federal Open Market Committee (FOMC) meeting on March 18-19 is adding to the market’s tension. With the interest rate decision set for March 19, traders are bracing for potential volatility.
However, all focus is on Federal Reserve Chair Jerome Powell’s speech, as his words could push Bitcoin higher or slow it down. Many crypto investors are hoping for hints of rate cuts, which could boost Bitcoin past $83k.
Market analyst Obez said, “If Powell hints at easing policies, Bitcoin could break past $83,000.” A positive outlook could bring more money into crypto.
Thus, inflation is still at 2.8%, above the Fed’s 2% goal, and strong job growth suggests no urgent need for stimulus. This could limit Bitcoin’s gains in the short term.
Key Bitcoin Levels to Watch
Bitcoin must turn the $85k resistance level into support to aim for higher levels, possibly reaching $88K. This requires BTC to reclaim its position above the 200-day exponential moving average (EMA), which it lost on March 9 for the first time since August 2024.
Meanwhile, the bearish scenario suggests a drop below $78,000, with a potential retest of support at $74,000. Further declines could push BTC toward the $70,000-$66,000 range.
Analysts like SuperBitcoinBro and Nebraskangooner warn that Bitcoin could revisit $71,300 to $73,800 before making its next big move.
ETF Demand Brings Hope
A bright spot for Bitcoin bulls is the increasing demand from spot Bitcoin ETFs. On March 17, ETFs recorded $274 million in inflows—the highest since February 4. This could provide the momentum needed for Bitcoin to break above its current resistance and target new highs in the coming weeks.
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