Bitcoin: Will it explode to $75k or crash to $72k before the FOMC?

Bitcoin Faces the $75,000 Wall

The crypto market is in full swing. Currently, Bitcoin (BTC) price is trading in a range between $73,850 and $74,360, showing a slight increase of approximately 0.5% over the last 24 hours. But beyond this apparent variation, it’s beneath the surface that the real movement is brewing. According to the latest data, Bitcoin’s market structure has strengthened considerably. Liquidity is performing a strategic rotation, selling pressure is fading, and the bears (sellers) appear to have overextended their position.

BTC is no longer behaving like a market under bearish control. On the contrary, pressure is inexorably shifting from sellers’ hands to buyers’. On March 17, several key signals aligned simultaneously, indicating this isn’t just a simple technical bounce. This is a market preparing to severely punish short sellers. Currently, Bitcoin must maintain its short-term POC at $73,800, at the risk of plunging toward $72,300.

On-Chain Signals Go Wild: A Massive Short Squeeze in Preparation?

One of the most revealing indicators of this dynamic shift is the Inter-Exchange Flow Pulse, which recently crossed above its 90-day moving average. Historically, this signal appears when exchange liquidity begins to turn with a genuine objective. This isn’t noise generated by retail investors, but rather the activity of market makers, arbitrage desks, and whales repositioning their capital. Similar reversals have preceded major expansion phases in 2016, 2019, and 2023.

Meanwhile, funding rates have remained deeply negative even as Bitcoin’s price climbed. This demonstrates that shorts are crowding in, becoming overcrowded and increasingly trapped. Such extreme positioning is often the ideal fuel to trigger a violent short squeeze. This phenomenon could propel the price to new heights as soon as the market refuses to drop further.

The $75,000 Selling Wall Collapses: Is the Path Clear for BTC?

From a technical analysis perspective, the order book dynamics have undergone a radical transformation. As Bitcoin pushed toward the $75,000 resistance zone, the spot market ceased to offer genuine opposition. The massive sell orders around this psychological level have thinned out, causing the selling wall that had been blocking progress to lose its teeth.

This disappearance of liquidity on the sellers’ side is disastrous news for the bears. Buyers no longer need to fight against stacked supply, making any bullish movement much easier, cleaner, and more dangerous for anyone still betting on a retracement. Bitcoin’s structure has improved well before the general market sentiment realizes it, which is often the starting point of genuine bullish rallies.

With the FOMC today, we still need to remain patient to see Bitcoin’s direction. But a push above $75,000 after the FOMC would be a buy signal, provided it maintains above that level on the weekly close.

In the short term, a long cluster sits between $72,200 and $72,900. A quick return to this level could also be a good entry point with a tight stop loss.

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