Analysts: The key to Bitcoin avoiding further declines is that the closing price cannot fall below $81,000 this week

PANews March 15th news, according to Cointelegraph, Bitcoin needs to close above the critical $81,000 weekly line to avoid more downward volatility ahead of next week's Federal Open Market Committee (FOMC) meeting. Ryan Lee, chief analyst at Bitget Research, said that a closing price of $81,000 this week will be key to avoiding further declines in Bitcoin. Staying above that level will indicate resilience, but if it falls below $76,000, it may trigger more short-term selling pressure. According to the latest estimates from the Fed's Fed Watch tool, the market currently expects the possibility that the Fed will maintain interest rates to be stable is 98%.