Bitcoin on the Brink: Key Price Levels and FOMC Impact Explained | by Syed Muhammad Mohsin Bukhari | The Capital | Mar, 2025
Bitcoin Struggles Below $85K — Critical Levels to Watch Before FOMC Decision
BTC price is facing a tough battle between buyers and sellers as the FOMC meeting approaches. With major resistance at $85,000 and key support zones beneath, the next move could be crucial.
Bitcoin Struggles Below $85K as FOMC Meeting Looms
On March 17, Bitcoin once again failed to break the crucial $85,000 resistance. Since March 12, BTC has consistently peaked between $84,000 and $85,200 but hasn’t managed to close above $84,600.
On the 1-hour chart, Bitcoin is currently in a phase of uncertainty often referred to as “no man’s land. “ Price movements remain unpredictable due to mixed market sentiment and external factors.
With the Federal Open Market Committee (FOMC) meeting scheduled for March 18–19, traders should brace for potential volatility. The key interest rate decision, announced on March 19 at 2 PM ET, could drive significant price action.
CME’s FedWatch tool suggests a 99% likelihood that interest rates will stay between 4.25% and 4.50%, with only a 1%…
