Bitcoin needs weekly close above $85k to avoid correction to $76k: analysts
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Bitcoin analysts are closely watching the weekly close price, with a critical threshold of $85,000 that could determine whether the cryptocurrency avoids a potential drop to $76,000. Long-term holders continue to accumulate Bitcoin, adding over 250,000 BTC in less than two months, while short-term market momentum remains uncertain due to global trade war fears and mixed economic signals.
March 23, 2025 | 12:30 pm
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Analysts suggest a weekly close above $85,000 is crucial to prevent a potential price correction to $76,000. Long-term holder accumulation continues, indicating underlying market strength.
The article highlights a critical price level that could determine Bitcoin's short-term price trajectory. A close above $85k could prevent further downside, while failing to do so might trigger a correction.
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