Bitcoin may close below $82,000 due to disappointment over lack of federal Bitcoin investment

From Cointelegraph

March 9, 2025 06:39:39 AM:

Bitcoin faces increased downside volatility if it closes below $82,000 due to disappointment over the lack of federal Bitcoin investment. Trump’s executive order focused on creating a Bitcoin reserve, causing a negative market reaction. Macro factors continue to pressure Bitcoin price, with potential significant volatility if it falls below $82,000.

Investors await key US economic events next week, such as the Consumer Price Index and job openings report, to gauge Bitcoin’s short-term movements influenced by macroeconomic factors. A weekly close below $82,000 could trigger over $1.13 billion in leveraged long liquidations. Bitcoin’s RSI suggests it may be nearing a local bottom, offering potential reversal signals.

Read more at Cointelegraph: Bitcoin risks weekly close below $82K on US BTC reserve disappointment