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However, BTC rebounded this week, rising 4.33%, as optimism grew over Senator Cynthia Lummis\u2019 Bitcoin Act.<\/p>\n
On March 11, Senator Cynthia Lummis reintroduced the Bitcoin Act, proposing that the US government acquire one million BTC over five years, with a 20-year mandatory holding period.<\/p>\n
The bill\u2019s progress on Capitol Hill could be a key catalyst for BTC demand. Trump\u2019s election victory and speculation about US government BTC accumulation previously fueled BTC\u2019s rally to a January record high of $109,312.<\/p>\n
Investors must closely monitor the Bitcoin Act\u2019s progress in Congress.<\/p>\n
BTC\u2019s near-term outlook hinges on key macroeconomic events, including US tariff policies, the upcoming Fed interest rate decision, and ETF flow trends.<\/p>\n
Dive deeper into the influence of macroeconomic data, US crypto policies, and BTC-spot ETF market flows on price action. Follow our analysis and forecasts\u00a0here<\/a>\u00a0to manage crypto-related risks.<\/p>\n Despite this week\u2019s gains, BTC<\/a>\u00a0is in a mixed trend, trading below the 50-day Exponential Moving Average\u00a0(EMA<\/a>) but above the 200-day EMA. The EMAs sent bearish near-term but bullish longer-term price signals.<\/p>\n A break above the 200-day EMA and the $86,263 resistance level could signal a move toward the $90,742 resistance level. If BTC breaks out from the $90,742 resistance level and 50-day EMA, $100k would likely be the next key resistance level.<\/p>\n Conversely, if BTC drops below $80k, the bears could target the March 11 low of $76,642.<\/p>\n With a 14-day Relative Strength Index (RSI) reading of 44.05, BTC may drop to the March 11 low of $76,642 before entering oversold territory (RSI below 30).<\/p>\n [ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":" [ad_1] However, BTC rebounded this week, rising 4.33%, as optimism grew over Senator Cynthia Lummis\u2019 Bitcoin Act. The Bitcoin Act: A Potential Game Changer? On March 11, Senator Cynthia Lummis reintroduced the Bitcoin Act, proposing that the US government acquire one million BTC over five years, with a 20-year mandatory holding period. The bill\u2019s progress on Capitol Hill could be a key catalyst for BTC demand. Trump\u2019s election victory and speculation about US government BTC accumulation previously fueled BTC\u2019s rally to a January record high of $109,312. Investors must closely monitor the Bitcoin Act\u2019s progress in Congress. BTC Price Outlook: Key Drivers BTC\u2019s near-term outlook hinges on key macroeconomic events, including US tariff policies, the upcoming Fed interest rate decision, and ETF flow trends. Bullish Scenario: ETF inflows and progress on Senator Cynthia Lummis\u2019 Bitcoin Act could offset tariff risks and recession fears, potentially driving BTC beyond its record high of $109,312. Bearish Scenario: Opposition to the Bitcoin Act, escalating trade tensions, or a hawkish Fed policy outlook could push BTC toward $70K. Dive deeper into the influence of macroeconomic data, US crypto policies, and BTC-spot ETF market flows on price action. Follow our analysis and forecasts\u00a0here\u00a0to manage crypto-related risks. Technical Analysis Bitcoin Analysis Despite this week\u2019s gains, BTC\u00a0is in a mixed trend, trading below the 50-day Exponential Moving Average\u00a0(EMA) but above the 200-day EMA. The EMAs sent bearish near-term but bullish longer-term price signals. A break above the 200-day EMA and the $86,263 resistance level could signal a move toward the $90,742 resistance level. If BTC breaks out from the $90,742 resistance level and 50-day EMA, $100k would likely be the next key resistance level. Conversely, if BTC drops below $80k, the bears could target the March 11 low of $76,642. With a 14-day Relative Strength Index (RSI) reading of 44.05, BTC may drop to the March 11 low of $76,642 before entering oversold territory (RSI below 30). [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":38954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-38953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tTechnical Analysis<\/h2>\n
Bitcoin Analysis<\/h2>\n