Analyst: BTC may need to close above $81,000 on a weekly basis to avoid downward volatility before the FOMC meeting

ChainCatcher news, according to Cointelegraph, analysts say that Bitcoin needs to maintain a closing price above $81,000 this week to avoid further downward volatility ahead of next week's FOMC meeting.

Bitget Research Chief Analyst Ryan Lee stated that if Bitcoin's weekly closing price falls below $81,000, it may further adjust to around $76,000 next week. The results of the FOMC meeting scheduled for March 19 could significantly impact Bitcoin investor sentiment.