Bitcoin faces the risk of increased volatility due to global economic uncertainty and the upcoming FOMC meeting.
Current Bitcoin Market Situation
Bitcoin's price fell over 3% during the past week, trading above $83,748. Analysts warn of the potential for increased volatility.
The key level to watch for the weekly close is $81,000. If we see a drop below $76,000, it could invite more short-term selling pressure.Ryan Lee, Bitget Research
Impact of FOMC Meeting on Bitcoin
The next FOMC meeting may significantly impact investor sentiment. It is expected that the Fed will keep rates steady, but any unexpected hawkish signals could increase pressure on Bitcoin.
Potential Market Recovery for Bitcoin
Some analysts see a weekly close above $85,000 as a possible trigger for further growth. Developments surrounding Trump's Bitcoin reserve plan might also contribute.
Traders and investors are watching the $80,000 support and $85,000–$90,000 resistance. A break above could spark strong upward movement.Enmanuel Cardozo, Brickken
Future economic and regulatory developments may significantly affect the Bitcoin market, and analysts continue to monitor key levels.
