“On March 17, the first cryptocurrency did not overcome the resistance near $ 84,500, but further rollback is moderate because of the mood of “purchase on subsidence”. Coindesk writes about it. The BTC/USDT Binance Exchange Data: TradingView. After the sale of the previous week, against the background of the fears of recession and the “trade wars”, the dynamics became more balanced. Augustine Augustine Analyplus Analyplus Analyt […]”, – WRITE: Businessua.com.ua
On March 17, the first cryptocurrency did not overcome the resistance near $ 84,500, but further rollback is moderate because of the mood of “purchase on subsidence”. He writes about it Coindesk.
The BTC/USDT Binance Exchange Data: TradingView.
After the sale of the previous week, against the background of the fears of recession and the “trade wars”, the dynamics became more balanced.
The head of the Signalplus analytics department Augustine Fan stressed that buyers support relatively fair assessments of companies outside the most capitalized names, as well as the expectation of lack of negative surprises in key macrostatics.
Director of LVRG Research Nick Cancer drew attention to the increase in the turnover of altcoins after buying a related family Donald Trump World Liberty Financial Cryptocurrency Mnt and Avax.
“This can be a sign of focus switching to other digital assets that can bring more profit than bitcoin or ethereum,” the specialist suggested.
QCP Capital noted the preservation of the cryptocurrency index of fear and greed in the alarm zone, taking into account the wider negativity in the stock markets.
Data: Alternative.me
This did not prevent bitcoin from avoiding a new big wave of sales, experts said.
Asia Color – 17 Mar 25
1/ over the weekend, A $ BTC Whale Opened A $ 400m Short Position at $ 84k With A 40X Leverage. Traders Attempted to Force Liquidation, WHICH Needed Just A 2.5% Move, But The Position Is Still Open – Racking Up $ 400k In Funding Fees.
– QCP (@qcpgroup) March 17, 2025
The quotation pressure was made by the US Department of Finance Head of Scott Bessent, who after Trump did not exclude recession.
According to experts, the future of March 19 meeting Fed Will make volatility as traders will look for any hints about restoring policy mitigation in uncertainty because of the White House.
Earlier, Wells Fargo predicted the recovery of bitcoin in the second quarter in the event of a stable correlation with a stock market.
We will remind, traders were put $ 550 million for further weakening of bitcoin in March. A number of analysts suggest that the price will settle up to $ 70,000 before further growth.
The gun
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