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March 7, 2025 in Forex News

BTCUSD Daily Outlook: Charting the Latest Price Momentum

H4 - BTCUSD - Analysis and outlook

Introduction to BTCUSD

The BTCUSD pair, sometimes referred to as “Digital Gold vs. the Greenback,” tracks the value of Bitcoin against the US dollar. This pairing is crucial for cryptocurrency traders and investors, as it measures Bitcoin’s price performance relative to the world’s most widely used fiat currency. Many traders keep a close eye on BTC/USD to gauge market sentiment, liquidity, and the broader crypto market trend. Monitoring this pair helps market participants anticipate future price moves and adjust their trading strategies accordingly.

BTC USD Market Overview

The BTC USD market has been showing signs of renewed optimism, with the last few daily candles tilting positively after a period of downward pressure. On the fundamental side, the US dollar remains sensitive to several Federal Reserve speeches scheduled over the next couple of days, where FOMC voting members (such as Christopher Waller, Raphael Bostic, Michelle Bowman, John Williams, and Adriana Kugler) are expected to provide insights on future monetary policy. These events, coupled with key US labor data releases like the Non-Farm Payrolls (NFP) and unemployment rate figures, tend to inject volatility into USD pairs, including BTC-USD. Furthermore, news about a planned roundtable discussion at the White House—led by President Donald Trump—focused on cryptocurrency policy could shape investor sentiment, especially if new regulations or guidelines are hinted at. Given the blend of speeches, labor data, and potential crypto-policy announcements, traders should prepare for possible fluctuations in Bitcoin vs. US dollar price action.

H4 - BTCUSD - Analysis and outlook - 03.07.2025

BTC/USD Technical Analysis

On the daily timeframe, the last three candles for BTC/USD have been positive, indicating a short-term bullish correction following the February 19th pullback. The Alligator indicator (with the blue jaw on top, the red teeth in the middle, and the green lips below) suggests that while the market is trying to recover, the lines are still relatively close, hinting at a cautious phase where the trend is not fully established. Price action shows that BTCUSD has rebounded off a near-term support zone, but it remains below a key resistance area that needs to be cleared for further upside momentum. The William’s %R indicator currently points toward a slightly overbought condition, which could mean a pause or minor retracement before any substantial move higher. Overall, a sustained break above resistance, combined with positive momentum indicators, would bolster the case for further bullish continuation in Bitcoin’s daily analysis.

Final Words about BTC vs USD

In the coming days, BTC/USD traders should watch for volatility around Federal Reserve events and labor market releases, as hawkish commentary or stronger-than-expected data can bolster the US dollar and pressure Bitcoin’s price. Conversely, any dovish signals or disappointing economic figures may support a further BTC/USD rally. Keeping an eye on technical indicators—such as the Alligator lines and the William’s %R—can help confirm if the bullish correction gains momentum or stalls. Additionally, developments around cryptocurrency policy at the White House may influence sentiment, potentially leading to sudden shifts in Bitcoin vs. the US dollar. As always, prudent risk management and careful monitoring of key support/resistance levels will be vital for navigating the current market environment.