Bitcoin should exceed $1 per week, exceeding $85,000 to avoid fixing to $76K: Analyst

Bitcoin analysts are repeating their close week to measure Bitcoin price trajectory next week, as traditional and crypto markets lack direction amid a mix of global war horrors that ease inflation concerns.

Bitcoin (BTC) prices could be seen more downside next week unless they can close a week beyond the $85,000 psychological mark, according to Ryan Lee, chief analyst at Bitget Research.

“At the FOMC meeting and Bitcoin relief rally after the fall in CPI readings, analysts are above $85,000, making it important to resume the upward momentum,” Lee told Cointelegraph, adding:

“Beyond this level, it prevents signal strength from dropping at $76,000, but $87,000 offers even clearer bullish confirmations. Macro factors such as stable speeds and cooling inflation support risk assets are critical at the end of Sunday.”

Bitcoin prices lack momentum, up just 0.9% over the past week, according to Cointelegraph Markets Pro Data. The unfortunate weekly close ones risk revisiting at the previous week's low price of $76,600.

Related: Whale closes $516M 40x Bitcoin Short, Pocket closes $9.4 million in profit in 8 days

Markets need to “be careful” to accumulation of long-term holders: analysts

Bitcoin could experience short-term shortcomings, but the relief rally after the Federal Open Market Committee (FOMC) meeting was a positive sign for market participants, according to Enmanuel Cardozo, a market analyst for the Brickken Real-World Asset (RWA) tokenization platform.

Instead of short-term fluctuations, investors need to pay attention to the long-term accumulation of Bitcoin holders to measure BTC trends, analysts told Cointelegraph, adding:

“Long-term holders, as we saw in the data on the chain, continue to quietly build up the accumulation by these holders because dips are something we should pay attention to.”

Long-term holders resumed their Bitcoin accumulation in early February and have since purchased more than $21 billion in Bitcoin.

According to GlassNode data, the total Bitcoin supply held by long-term holders exceeded 250,000 btc in under two months, up over 13.3 million from 13.1 million btc on February 11th.

Related: Trader Net $480K 1,500x Return Before BNB Memecoin crashes 50%

Despite positive regulations and waves of development by cryptography, global tariff fears will continue to put pressure on the market until at least April 2nd, according to Nansen research analyst Nikolai Sondergaard.

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Magazine: Hiz's Bitcoin odds in June, Sol's $485 million leak, etc.: Hodler's Digest, March 2-8