Bitcoin’s price was at $85,000 when this article was prepared, yet this level has been consistently lost after numerous attempts. In the coming hours, we will witness what unfolds. Although the decline in altcoins has stabilized, Bitcoin 
$108,975 must begin to rise without further delay to compensate for losses. Cryptocurrency experts are drawing attention to the $85,000 mark.
The $85,000 Threshold
With only hours left until the weekly close, experts are closely monitoring the situation. The prolonged negative market conditions due to tariff concerns have been exhausting for traders. While negotiations about tariffs continue, potential mutual exemptions provide some encouragement. Furthermore, the Federal Reserve’s latest statements indicate a shift towards easing monetary policy.
According to crypto analyst Ryan Lee, if the weekly candle does not close above $85,000, larger losses may occur in the cryptocurrency market.
“Following the FOMC meeting and low CPI readings, Bitcoin’s relief rally has prompted analysts to focus critically on a weekly close above $85,000 to maintain upward momentum.
A close above this level could prevent a drop to $76,000, signaling strength, while $87,000 would provide clearer confirmation of a rise. Macroeconomic factors like stable rates and cooling inflation support risk assets, but Sunday’s close will be decisive.”
New Week and Cryptocurrencies
According to Glassnode data, long-term investors have accumulated 250,000 BTC over the past two months. Although panic selling from short-term investors has led to continuous declines, those expecting a rebound have absorbed these sales.
In the upcoming week, we will see more leaks regarding tariffs, and with data arriving on Thursday and Friday, we will enter a significant breakpoint. On April 2, an announcement from the U.S. will either officially declare the beginning of a major global trade war or deflate the overly priced trade war bubble, paving the way for a surge in risk markets.
It’s important to note that while prices may retract to levels prior to the U.S. elections, the SEC has nearly concluded all key cryptocurrency cases. The U.S. government will not sell cryptocurrencies and is building its own stockpile. Additionally, the SEC may start approving new altcoin ETFs. Although significant gains have been realized since the elections, we do not see this reflected clearly in the charts. The delayed results of these developments are likely to be felt until mid-year.
