CryptoQuant: Bitcoin may face resistance in the range of $75,000 to $85,000
On-chain data analysis firm CryptoQuant stated that ahead of the Federal Reserve's upcoming interest rate decision, the sentiment among derivatives market traders has clearly shifted to bullish. However, if the price of Bitcoin continues to rise, it may encounter resistance in the range of $75,000 to $85,000.
CryptoQuant's research director Julio Moreno pointed out that there has been a significant increase in long positions in the perpetual contract market recently, indicating that traders generally expect there is still upward potential for prices in the short term. As Bitcoin broke through $70,000, a large number of short positions were liquidated, while new long positions continued to build above $73,000. At the same time, the funding rate also shows a change in market sentiment. The Bitcoin perpetual contract funding rate remained "extremely negative" before March 13, but has turned generally positive since March 15, indicating that traders are willing to pay fees to maintain long positions. The Ethereum funding rate has also mostly remained positive since March 9. However, CryptoQuant noted that if Bitcoin continues to rise, it may first encounter resistance around $75,000, which corresponds to the lower bound of the "Traders' On-chain Realized Price." The next important resistance range is around $85,000, a level that has previously served as price resistance during the rallies in October 2025 and January of this year.
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