CryptoQuant: Bitcoin Faces Resistance in the Range of $75,000 to $85,000 Amidst Rising Sentiment

According to CryptoQuant, a blockchain data analysis firm, traders in the derivatives market are increasingly bullish ahead of the Federal Reserve's interest rate decision. However, if the price of Bitcoin continues to rise, it may encounter resistance in the range of $75,000 to $85,000. Julio Moreno, research director at CryptoQuant, noted a significant increase in long positions in the perpetual contract market, indicating traders expect further upside potential in the short term. As Bitcoin broke $70,000, a large number of short positions were liquidated, while new long positions continued to be established above $73,000. Additionally, funding rates indicate a shift in market sentiment. Bitcoin perpetual contract funding rates were in 'extreme negative value' until March 13, but have since turned positive, showing traders are willing to pay fees to maintain long positions. Ethereum funding rates have also mostly remained positive since March 9. However, CryptoQuant points out that if Bitcoin continues to rise, it may first encounter resistance near $75,000, corresponding to the 'Traders’ On-chain Realized Price' lower bound. The next significant resistance level is around $85,000, a level that has served as price resistance in the uptrends of October 2025 and January this year.

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