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BlockNews
Home CRYPTO BITCOIN

Bitcoin Surges in Response to Jerome Powell’s FOMC Speech: Here are the Levels You Need to Watch (URGENT)

Michael Juanico by Michael Juanico
March 26, 2025
in BITCOIN, CRYPTO, FINANCE, OPINION, POLITICS
Reading Time: 3 mins read
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  • Bitcoin is struggling to break the $85,000 resistance, with a potential push toward $90,000 if momentum holds.
  • Short-term indicators signal a bullish trend, but failure to stay above $82,500 could trigger a drop to $81,000 or lower.
  • Market sentiment remains mixed, with traders watching volume and price action for confirmation of the next move.

Bitcoin is currently trading at $84,502, boasting a market cap of $1.67 trillion, which represents 60.3% dominance in the $2.78 trillion crypto economy. With $26 billion in 24-hour trading volume, Bitcoin’s price has ranged between $81,294 and $84,852, still 22.2% below its all-time high as it faces crucial support and resistance levels.

JUST IN: Bitcoin $BTC smashes through $85,000, reacting positively to Jerome Powell's FOMC speech 👀 pic.twitter.com/vLsEHNNFS0

— BlockNews (@blocknewsdotcom) March 19, 2025

Bitcoin Price Trends and Key Resistance Levels

On the 1-hour chart, Bitcoin is in a short-term uptrend, bouncing from $81,138 to $84,871. Higher highs and rising volume suggest growing momentum. A pullback to the $83,000–$83,500 range could be a good entry for short-term traders, while a breakout above $85,000 could push BTC toward $87,000–$88,000. However, failing to hold $82,500 may lead to a slide toward $81,000.

The 4-hour chart hints at a potential trend reversal as Bitcoin recovers from $79,031 to $85,294. A breakout above $85,000–$86,000 could drive BTC toward $88,000–$90,000, but a drop below $80,000 could trigger further declines, with $76,600 acting as a key support level.

Market Sentiment and Technical Indicators

Bitcoin has been in a downtrend since peaking at $106,447 on Jan. 29, 2025, bottoming out at $76,600 on March 10. Resistance remains at $85,000–$86,000, and the 10-day EMA at $83,783 and 10-day SMA at $82,810 indicate a bullish shift in the short term. Holding above $80,000–$82,000 could pave the way to $90,000, while failure to do so may lead to another retest of $76,600.

The RSI at 46 and ADX at 36 indicate neutral momentum, while the MACD at -2,490 and momentum oscillator at 3,610 suggest a gradual bullish shift. Despite mixed signals, volume and price action confirmation will be crucial for traders.

Bull vs. Bear Outlook

Bull Verdict: If Bitcoin breaks $85,000, the next targets are $88,000–$90,000. Holding above $80,000–$82,000 would reinforce a bullish scenario and increase confidence in a longer-term recovery.

Bear Verdict: Long-term resistance remains strong, and Bitcoin has yet to reclaim key levels. A failure to hold above $82,500 could lead to $81,000 or lower, with $76,600 acting as the next major support level if selling pressure increases.

Final Thoughts

Bitcoin remains at a crossroads, with short-term momentum battling long-term resistance. Traders should watch volume closely and react to breakout or breakdown confirmations as Bitcoin approaches critical price zones.

Tags: all-time highBitcoincryptoFOMCJerome Powell
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University. He has been a Content Writer since 2019, covering a wide range of topics. His interest in crypto began in 2021, eventually becoming his main focus. For almost four years, he has worked with Aiur Labs and holds BTC, TRON, and a few memecoins.

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