BTC at 80K Resistance: Inflation and Oil Pressure
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BTC Stuck at 80K Under Inflation and Oil Pressure
Bitcoin is facing profit-taking pressure around 80,000 dollars, while US inflation data, peaking oil prices, and rising bond yields are pressuring risky assets. Current price at 78.521,93 dollars, following a sideways trend with +%0,23 rise in 24 hours. BTC, gaining less than %0,5 since midnight UTC, is encountering resistance in moves toward 80,000 dollars. Bitwise senior research analyst Luke Deans notes that short-term holders' cost basis is around this level, predicting increased selling pressure on an upside breakout. The US March PCE inflation report will be released today; with West Texas Intermediate crude oil surging to 110 dollars, reduced traffic in the Strait of Hormuz is making energy markets fragile. Click for detailed BTC analysis.
BTC Technical Outlook: Supports and Resistances
RSI at 61,52 in neutral-bullish zone, but Supertrend giving bearish signal. EMA 20: 76.043,61. Strong supports: S1 71.926 (⭐69/100, -%8,26), S2 78.226 (⭐62/100, -%0,23). Resistances: R1 79.432 (⭐95/100, +%1,31), R2 84.650 (%7,96). These levels from Fibo, BB, and Ichimoku are critical.
- Supports: Fibo 0.382, Value Area Low, SMA 100
- Resistances: Fibo 0.618, BB Upper, Donchian Upper
Derivatives Markets and Fed Impact
Fed kept rates steady at Wednesday's meeting; most dissenting votes since 1992 with four. Open interest in derivatives fell to 119 billion dollars, liquidations hit longs. BTC futures OI -%2, ETH -%1,7. BVIV down to 41, puts expensive on Deribit. Altcoins 97% correlated to BTC. Pump.fun bringing Charity Coins, market desensitized: low volatility, dominant seller aggression. BTC futures data shows risk aversion.