Bitcoin has experienced a 29.7% decline from its all-time high of $109,590 in January, reaching a low of $77,041. The cryptocurrency is now consolidating between $81,000 and $83,000, with trading volume dropping to $22 billion in the past 24 hours. Short-term holders are facing losses, and ETF outflows have totaled $921.4 million, adding to selling pressure. The Federal Reserve's March 19 interest rate decision is a key focus for markets. While rates are expected to remain unchanged, any signals from Federal Reserve Chair Jerome Powell about future rate cuts could impact Bitcoin's price, which is projected to trade within the $80,000–$86,000 range post-announcement. Geopolitical and macroeconomic factors, including inflation concerns and new tariffs imposed by President Donald Trump, are contributing to market uncertainty. Bitcoin's open interest has dropped to $48 billion from a January peak of $69 billion, reflecting reduced institutional activity. Bitcoin's technical indicators highlight resistance at the 200-day moving average, with analysts noting that a break below $80,000 could lead to further declines. Conversely, a rally above $85,000 could signal a recovery, aligning with historical patterns of 30% pullbacks in bull markets.