Bitcoin, Ethereum, XRP, Dogecoin Bounce Back To Green: 'Ready For A Squeeze,' Trader Says
Crypto markets are in a holding pattern ahead of Wednesday's Federal Reserve meeting and other crucial macroeconomic data. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $84,316.40+1.1%Ethereum ETH/USD $1,938.92+2.5%Solana SOL/USD $129.46+1.6%XRP XRP/USD $2.36+2.2%Dogecoin DOGE/USD $0.1747+3.3%Shiba Inu SHIB/USD $0.00001304-1.4%Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.3% and daily active addresses up by 2.6%. Transactions greater than $100,000 are down from 6,992 to 6,332 in a single day. Exchanges netflows are down by 45.9%. Coinglass data reports 83,995 traders were liquidated in the past 24 hours for $172.67 million. Crypto chart analyst Ali Martinez stated that long term holders added 179,000 BTC over the past month. Martinez also shows capital inflows peaked to $4.16 billion, a level last seen in October 2023. Notable Developments: Bitcoin ETFs See Record $5.5 Billion In Outflows In 5 Weeks As Tariff Turbulence Looms Will Bitcoin Go Up If Donald Trump Eliminates Income Tax For Americans Making Less Than $150,000? Crypto Leaders Step Up Pressure On SEC As Trump’s Policies Reshape Regulatory Landscape Standard Chartered Lowers Ethereum Price Target To $4,000: Here’s Why A Coinbase Blockchain Is To Blame Strategy Purchases 130 More Bitcoin, Now Holds Over 499,000 BTC Bitcoin Miners Hit Rock Bottom? Valuations Slip Below Key Average For First Time In A Year Dogecoin Was Worth $50 Billion On Donald Trump’s Inauguration Day: It’s Now Down To $25 Billion Top Gainers: CryptocurrencyPrice Gains +/-PancakeSwap CAKE/USD $2.48+39.6%Pepe PEPE/USD $0.057415+12.7%BinaryX BNX/USD $1.60+11.9%Trader Notes: With Bitcoin prices trading relatively flat, More Crypto Online notes that Bitcoin is holding micro support, but a solid low isn’t confirmed unless it breaks above $85,474. If that happens, the next target is $87,204—until then, any bounce is just noise. Another trader, JJcycles, believes Bitcoin is ready for a squeeze. Altcoin Sherpa expects BTC to break $84,000 but sees $89,000 as a tougher challenge. Extended consolidation strengthens confidence that this is the bottom. Rekt Capital compares the current Bitcoin consolidation to June 2021. Notably, Bitcoin broke out from a similar pattern in July 2021, hitting new all-time highs in November 2021. #BTCBack in June 2021, price was consolidating between the 21-week EMA (green) and 50-week EMA (blue) after a crashRight now, Bitcoin is consolidating between the same EMAs after a crash(By the way, $BTC indeed broke out from its triangle by late July 2021 to reach new All… pic.twitter.com/Ok4Grzvit8— Rekt Capital (@rektcapital) March 17, 2025 Read Next: Bitcoin, Altcoin Outlook Remains Positive, Says Defiant Trader Who’s 45% Down On His Investments Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.