Bitcoin's price is $85,000 as of this article's preparation, but this level has frequently been lost. Experts are watching for the weekly closing.
$85,000 Threshold
With the weekly close approaching, experts are closely monitoring the price. If the weekly candle does not close above $85,000, larger losses may occur in the cryptocurrency market.
New Week and Cryptocurrencies
According to Glassnode data, long-term investors have accumulated 250,000 BTC over the past two months. The new week promises significant events, particularly regarding tariff talks.
Impact of Macroeconomic Factors
It's noteworthy that while prices may retract to levels before the U.S. elections, the authorities will not sell cryptocurrencies, and the SEC has nearly completed key cases.
A close above $85,000 will be significant for maintaining momentum. The impact of macroeconomic factors and growth watch analysts.
