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Bitcoin braces for storm as economic warnings mount. BlackRock has recently delivered a wary outlook on Bitcoin, underscoring growing economic alerts from the Federal Reserve. This forecast suggests that the premier cryptocurrency may face significant market turbulence, prompting investors to prepare for considerable price swings. With regulatory decisions and shifting economic indicators looming, concerns about a rocky road ahead for Bitcoin have intensified.
$BTC Sentiment
CROWD = Bearish 🟥
MP | #SmartMoney = Bearish 🟥 #Bitcoin
Check out sentiment and other crypto stats at https://t.co/HQDyBNv73S#Crypto #Marketprophit pic.twitter.com/rQ29l2lUzY— Market Prophit (@MarketProphit) March 24, 2025
Historical patterns reveal that changes in monetary policy frequently lead to higher volatility, thereby challenging price stability and elevating market risks. Industry analysts point out that these cautionary signals highlight the persistent uncertainties that shadow the crypto sector. Amid tightening economic conditions, a number of investors are reevaluating their strategies and gravitating toward less risky assets. As the bearish sentiment around BTC strengthens, market experts are advising traders to adopt a prudent approach to navigate potential downturns and regulatory impacts.
Key Bitcoin Levels To Watch – March 23
BTCUSD is currently trading below a descending trendline, indicating sustained bearish pressure. The price is hovering near $87,620, just above the 9-day SMA at $84,660, but a rejection from this trendline suggests further downside.
The Stochastic Indicator is in the overbought zone at 83.80, signaling potential selling momentum. If the price breaks below $85,010, the next major support to watch is around $66,780.
BTC Key Levels
Resistance Levels: $100,000, $108,400, $115,000
Support Levels: $85,010, $66,780, $53,500
Bitcoin Metrics
Total Market Capitalisation: $2.78T
Bitcoin Market Capitalisation: $1.68T
Bitcoin Volume: $9.85B
Market Rank: #1
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