{"id":38953,"date":"2025-03-16T02:02:03","date_gmt":"2025-03-16T05:02:03","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2025\/03\/16\/bitcoin-btc-hovers-below-85k-as-etf-outflows-extend-to-five-weeks\/"},"modified":"2025-03-16T02:02:03","modified_gmt":"2025-03-16T05:02:03","slug":"bitcoin-btc-hovers-below-85k-as-etf-outflows-extend-to-five-weeks","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2025\/03\/16\/bitcoin-btc-hovers-below-85k-as-etf-outflows-extend-to-five-weeks\/","title":{"rendered":"Bitcoin (BTC) Hovers Below $85K as ETF Outflows Extend to Five Weeks"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>However, BTC rebounded this week, rising 4.33%, as optimism grew over Senator Cynthia Lummis\u2019 Bitcoin Act.<\/p>\n<h2 id=\"the-bitcoin-act-a-potential-game-changer\">The Bitcoin Act: A Potential Game Changer?<\/h2>\n<p>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<p>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<p>Investors must closely monitor the Bitcoin Act\u2019s progress in Congress.<\/p>\n<h2 id=\"btc-price-outlook-key-drivers\">BTC Price Outlook: Key Drivers<\/h2>\n<p>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<ul class=\"small-bullet-points\">\n<li><strong>Bullish Scenario<\/strong>: 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.<\/li>\n<li><strong>Bearish Scenario<\/strong>: Opposition to the Bitcoin Act, escalating trade tensions, or a hawkish Fed policy outlook could push BTC toward $70K.<\/li>\n<\/ul>\n<p>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\u00a0<a href=\"https:\/\/www.fxempire.com\/forecasts\/cryptocurrencies\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>\u00a0to manage crypto-related risks.<\/p>\n<h2 id=\"technical-analysis\">Technical Analysis<\/h2>\n<h2 id=\"bitcoin-analysis\">Bitcoin Analysis<\/h2>\n<p>Despite this week\u2019s gains, <a href=\"https:\/\/www.fxempire.com\/crypto\/bitcoin\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>\u00a0is in a mixed trend, trading below the 50-day Exponential Moving Average\u00a0(<a href=\"https:\/\/www.fxempire.com\/education\/article\/the-complete-guide-to-trend-following-indicators-708117\" target=\"_blank\" rel=\"noopener noreferrer\">EMA<\/a>) but above the 200-day EMA. The EMAs sent bearish near-term but bullish longer-term price signals.<\/p>\n<p>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<p>Conversely, if BTC drops below $80k, the bears could target the March 11 low of $76,642.<\/p>\n<p>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<figure id=\"attachment_1504560\" aria-describedby=\"caption-attachment-1504560\" class=\"wp-caption alignnone\"\/><\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[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":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/38953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=38953"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/38953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/38954"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=38953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=38953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=38953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}