![](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWMyZWUtMTY1YS03ZGVmLTk2MmQtOWM4OTE5ODE4OWMy.jpg\"\/)
<\/p>\n\n<\/p>\n\n
![\"Bitcoin](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWMyZWUtMTY1YS03ZGVmLTk2MmQtOWM4OTE5ODE4OWMy.jpg\")
<\/p>\n
Bitcoin analysts are closely watching the weekly close to assess the cryptocurrency\u2019s price trajectory for the coming week, as both traditional and crypto markets remain directionless amid a mix of global trade war fears and easing inflation concerns.<\/p>\n
Bitcoin’s (BTC<\/a>) price may see more downside next week unless it manages to close the week above the $85,000 psychological mark, according to Ryan Lee, chief analyst at Bitget Research.<\/p>\n \u201cBitcoin\u2019s relief rally after the FOMC meeting and lower CPI readings has analysts eyeing a weekly close above $85,000, as critical for resuming upside momentum,\u201d Lee told Cointelegraph, adding:<\/p>\n \u201cA close above this level could prevent a drop to $76,000 and signal strength, while $87,000 would provide even clearer bullish confirmation. Macro factors like steady rates and cooling inflation support risk assets, but the Sunday close will be decisive.\u201d<\/p><\/blockquote>\n BTC\/USD, 1-year chart. Source: Cointelegraph<\/em><\/p>\n<\/figcaption><\/figure>\n Bitcoin\u2019s price has been lacking momentum, rising only 0.9% over the past week, Cointelegraph Markets Pro<\/a> data shows. A disappointing weekly close risks a revisit to the previous week\u2019s price low of $76,600.<\/p>\n Related: <\/strong><\/em>Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days<\/strong><\/em><\/a><\/p>\n While Bitcoin may experience short-term downside, the relief rally after the Federal Open Market Committee (FOMC) meeting was a positive sign for market participants, according to Enmanuel Cardozo, market analyst at Brickken real-world asset (RWA) tokenization platform.<\/p>\n Instead of short-term fluctuations, investors should pay attention to long-term Bitcoin holder accumulation to gauge BTC\u2019s trend, the analyst told Cointelegraph, adding:<\/p>\n \u201cLong-term holders continue to stack, as we\u2019ve seen in on-chain data, the accumulation by these holders, quietly building since the dip is what we should be paying attention to.\u201d<\/p><\/blockquote>\n Long-term holders resumed their Bitcoin accumulation at the beginning of February, buying over $21 billion worth of Bitcoin since.<\/p>\n BTC: Total supply held by long-term holders, year-to-date chart. Source: <\/em>Glassnode<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n The total Bitcoin supply held by long-term holders increased by over 250,000 BTC in less than two months, from 13.1 million BTC on Feb. 11 to over 13.3 million on March 22, Glassnode<\/a> data shows.<\/p>\n Related: <\/strong><\/em>Trader nets $480K with 1,500x return before BNB memecoin crashes 50%<\/strong><\/em><\/a><\/p>\n BTC\/USD, 1-day chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Despite a wave of positive regulatory and crypto-specific developments, global tariff fears<\/a> will continue to pressure the markets until at least April 2, according to Nicolai Sondergaard, a research analyst at Nansen.<\/p>\nMarkets should \u201cpay attention\u201d to long-term holder accumulation: Analyst<\/h2>\n