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Bitcoin (BTC<\/a>) price has been oscillating inside the $82,400-85,300 range since March 14 as breakouts in both directions have been short-lived, as shown below.<\/p>\n BTC\/USD four-hour price chart. Source: TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n\n Key factors behind Bitcoin\u2019s flat price action include:<\/p>\n Unpredictable US economic policies.<\/p>\n<\/li>\n Lack of fresh capital entering the market.<\/p>\n<\/li>\n Technical setups. <\/p>\n<\/li>\n<\/ul>\n Bitcoin\u2019s price is stuck as bullish and bearish headlines are clashing, creating bias conflicts that keep traders guessing and BTC range-bound.<\/p>\n The bullish signals:<\/p>\n On March 19, the Federal Reserve kept interest rates steady<\/a> at 4.25%\u20134.50% and announced a slower pace of balance sheet runoff, signaling looser policy ahead.<\/p>\n<\/li>\n Fed Chair Jerome Powell used the word \u201ctransitory\u201d to describe tariff-driven inflation, striking a dovish tone that briefly lifted market sentiment.<\/p>\n<\/li>\n President Donald Trump declared<\/a> the US the “undisputed Bitcoin superpower<\/a>” and is pushing for pro-crypto policies, including stablecoin legislation.<\/p>\n<\/li>\n MicroStrategy continues to lead institutional demand<\/a>, adding 130 BTC for $10.7M million, bringing its total to 499,226 BTC.<\/p>\n<\/li>\n Senator Cynthia Lummis proposed selling US gold reserves to acquire 1 million BTC<\/a> over five years\u2014a bold sign of shifting attitudes toward Bitcoin as a strategic asset.<\/p>\n<\/li>\n<\/ul>\n The bearish signals:<\/p>\n Despite Powell\u2019s dovish tone, the Fed raised<\/a> its 2025 inflation forecast to 2.8% from 2.5% and cut GDP growth expectations to 1.7% from 2.1%, suggesting stagflation risks are on the rise.<\/p>\n<\/li>\n Bitcoin\u2019s post-FOMC breakout was short-lived<\/a>, with the price quickly falling back into a narrow trading range\u2014signaling a lack of conviction.<\/p>\n<\/li>\n<\/ul>\n BTC\/USD four-hour price chart. Source: TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n Ongoing trade tensions<\/a> and tariff uncertainty continue to hang over markets, with no clear resolution in sight.<\/p>\n<\/li>\n A European Central Bank official warned<\/a> that Trump\u2019s pro-crypto stance could trigger a global financial crisis.<\/p>\n<\/li>\n<\/ul>\n In short, macroeconomic caution and geopolitical noise offset the bullish catalysts. Until one side decisively breaks through, Bitcoin\u2019s price is likely to remain in limbo.<\/p>\n A contraction in liquidity, declining speculative activity, and fading capital inflows are further keeping BTC locked inside the $82,400-85,300 range.<\/p>\n What to know:<\/p>\n The realized Cap is growing at just +0.67% per month, signaling weak capital inflows compared to 13.2% in December, according to Glassnode\u2019s weekly on-chain report<\/a>.<\/p>\n<\/li>\n<\/ul>\n Bitcoin realized cap net position change. Source: <\/em>Glassnode<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Hot Supply, which tracks coins held for a week or less (a proxy for short-term trader activity), has dropped over 50%, showing a sharp decline in short-term trading activity.<\/p>\n<\/li>\n<\/ul>\n Related: <\/strong><\/em>\u2018Bitcoin bull cycle is over,’ CryptoQuant CEO warns, citing onchain metrics<\/strong><\/em><\/a><\/p>\n Bitcoin Hot Supply chart. Source: <\/em>Glassnode<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n\n
Trade war fears offset pro-Bitcoin news<\/h2>\n
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Shrinking liquidity stagnates Bitcoin market<\/h2>\n
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