While the crypto money markets were uncertain about Bitcoin’s future price movements, analysts turned their attention to the weekly closing. The complex economic conditions that came with the global trade war concerns and the alleviation of inflation led to both traditional and crypto markets. The price of Bitcoin (BTC) is faced with the risk of experiencing further fall if it does not close over $ 85,000, an important psychological level. Analysts evaluate how the price of the price will be shaped by the effect of macroeconomic developments that guide the market at the beginning of the factors that will determine the aspect of Bitcoin this week.

How will the Bitcoin price follow?

Analysts, who evaluate how the Bitcoin price will follow next week, plans to monitor the weekly closure at a time when traditional and crypto markets remain unadliable with global trade war concerns and alleviating inflation.

Ryan Lee from Bitget Research said that if the price of Bitcoin (BTC) does not close the week above the psychological level of $ 85,000, he may experience more next week. Lee said in a statement, “After the FOMC meeting, Bitcoin’s relaxation rally and low inflation data enabled analysts to see the closing of more than $ 85,000 weekly. A closing above this level can prevent a fall to 76,000 dollars and give a power signal. It supports assets, but the closing of the market will be decisive. ”

BTC rose only 0.9 percent per week

According to market data, Bitcoin’s price increased by only 0.9 %last week. The weekend closure declines to $ 76,600 and raises the risk of returning to the bottom level of the previous week. Enmanuel Cardozo, the market analyst of the Tekmakation platform of the Term World Assets (RWA), said that despite short -term decreases, the relief rally after the FOMC meeting was a positive sign for market participants.

Cardozo stated that investors should focus on the accumulation of long -term Bitcoin owners rather than short fluctuations and said, “Long -term owners continue to accumulate as we see in Chain data, this accumulation has been increasing quietly and we should pay attention to this. Kul

According to data, long -term owners have purchased more than $ 21 billion Bitcoin since the beginning of February. According to Glassnode data, the total Bitcoin supply in the hands of long -term owners increased by more than 250,000 BTC from 11 February to 22 March. Nicolai Sondergaard, Nansen Research Analyst, said that despite the positive regulatory developments of crypto markets, global customs tariff concerns will continue to pressure the markets at least until 2 April.