Bitcoin, Ethereum, XRP, Dogecoin Bounce Back To Green: 'Ready For A Squeeze,' Trader Says

Crypto markets are in a holding pattern ahead of Wednesday's Federal Reserve meeting and other crucial macroeconomic data.

Cryptocurrency	Price	Gains +/-
Bitcoin BTC/USD	$84,316.40	+1.1%
Ethereum ETH/USD	$1,938.92	+2.5%
Solana SOL/USD	$129.46	+1.6%
XRP XRP/USD	$2.36	+2.2%
Dogecoin DOGE/USD	$0.1747	+3.3%
Shiba Inu SHIB/USD	$0.00001304	-1.4%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 5.3% and daily active addresses up by 2.6%. Transactions greater than $100,000 are down from 6,992 to 6,332 in a single day. Exchanges netflows are down by 45.9%.
• Coinglass data reports 83,995 traders were liquidated in the past 24 hours for $172.67 million.
• Crypto chart analyst Ali Martinez stated that long term holders added 179,000 BTC over the past month.
• Martinez also shows capital inflows peaked to $4.16 billion, a level last seen in October 2023.

Notable Developments:

• Bitcoin ETFs See Record $5.5 Billion In Outflows In 5 Weeks As Tariff Turbulence Looms
• Will Bitcoin Go Up If Donald Trump Eliminates Income Tax For Americans Making Less Than $150,000?
• Crypto Leaders Step Up Pressure On SEC As Trump’s Policies Reshape Regulatory Landscape
• Standard Chartered Lowers Ethereum Price Target To $4,000: Here’s Why A Coinbase Blockchain Is To Blame
• Strategy Purchases 130 More Bitcoin, Now Holds Over 499,000 BTC
• Bitcoin Miners Hit Rock Bottom? Valuations Slip Below Key Average For First Time In A Year
• Dogecoin Was Worth $50 Billion On Donald Trump’s Inauguration Day: It’s Now Down To $25 Billion

Top Gainers:

Cryptocurrency	Price	Gains +/-
PancakeSwap CAKE/USD	$2.48	+39.6%
Pepe PEPE/USD	$0.057415	+12.7%
BinaryX BNX/USD	$1.60	+11.9%

Trader Notes: With Bitcoin prices trading relatively flat, More Crypto Online notes that Bitcoin is holding micro support, but a solid low isn’t confirmed unless it breaks above $85,474.

If that happens, the next target is $87,204—until then, any bounce is just noise.

Another trader, JJcycles, believes Bitcoin is ready for a squeeze.

Looks like #Bitcoin is cooking,
ready for a squeeze here. pic.twitter.com/znbky5UvBc

— JJcycles (@JJcycles) March 17, 2025

Altcoin Sherpa expects BTC to break $84,000 but sees $89,000 as a tougher challenge.

Extended consolidation strengthens confidence that this is the bottom.

Rekt Capital compares the current Bitcoin consolidation to June 2021.

Notably, Bitcoin broke out from a similar pattern in July 2021, hitting new all-time highs in November 2021.

#BTC

Back in June 2021, price was consolidating between the 21-week EMA (green) and 50-week EMA (blue) after a crash

Right now, Bitcoin is consolidating between the same EMAs after a crash

(By the way, $BTC indeed broke out from its triangle by late July 2021 to reach new All… pic.twitter.com/Ok4Grzvit8

— Rekt Capital (@rektcapital) March 17, 2025

Read Next: 

• Bitcoin, Altcoin Outlook Remains Positive, Says Defiant Trader Who’s 45% Down On His Investments

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