Bitcoin Faces $75K Resistance as Fed Decision Looms March 17
Bitcoin stalls near $74,635 on March 17, 2026, facing $75K resistance per CryptoQuant. Traders await Federal Reserve rate decision tomorrow amid mixed on-chain signals.
- 01Bitcoin tested $75,000 on March 17, 2026, before stabilizing near $74,600.
- 02Hourly exchange inflows reached 6,100 BTC on March 17, 2026, with 63% from large deposits.
- 0330-day MVRV ratio stood at +7.1% on March 17, 2026, indicating short-term profit.
What Happened
Bitcoin (BTC) trades at $74,635 as of March 17, 2026, reflecting a -0.26% 24h change. CryptoQuant identifies a key resistance zone between $75,000 and $85,000 based on on-chain realized price bands Source. Hourly exchange inflows reached 6,100 BTC on March 17, 2026, with 63% originating from large deposits.
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Background
Market participants anticipate the Federal Reserve interest rate decision on March 18, 2026. Markets expect rates to remain between 3.50% and 3.75%. Bitcoin's 30-day MVRV ratio stood at +7.1% on March 17, 2026, suggesting short-term holders are in profit and may engage in profit-taking Source.
- Bitcoin tested a one-and-a-half-month high of $75,000 on March 17, 2026, before stabilizing near $74,600.
The Bull Case
Michaël van de Poppe (MN Trading Founder) predicts an upward trend toward the next resistance range of $76,000–$80,000 Source. Ki Young Ju (CryptoQuant CEO) notes sentiment among analysts has turned decisively bullish as network fundamentals remain strong Source. Traders in the perpetual futures market have shifted to a bullish stance, with funding rates turning positive as BTC holds above $74,000 Source.
The Bear Case
Julio Moreno (CryptoQuant Head of Research) characterizes the current move as a 'relief rally' within a broader bear market Source. ActionForex Analysis warns that the $75,000 mark could see bears retake control, potentially making the current rise a 'trap' similar to late January Source. Glassnode suggests that repeated failures to hold $70,000 tilt the mid-term distribution toward the downside Source.
What to Watch
Traders monitor hourly exchange inflows, which reached 6,100 BTC on March 17, 2026. The Federal Reserve announcement on March 18, 2026, will likely dictate immediate volatility. The 'Bull-Bear Indicator' from CryptoQuant remains in bearish territory despite the recent price recovery to $74k levels Source.