Bitcoin Holds at $90,000 as Market Awaits FOMC Meeting Outcome

The cryptocurrency market is currently experiencing high compression, with Bitcoin trading around $90,000. The price movement is constrained by slowing ETF inflows and approaching resistance levels.

Key Observations

  • Bitcoin's price is consolidating within a narrow range, indicating potential for a significant move.
  • Current resistance is identified around $94,000, with possible long opportunities if a breakout occurs.
  • If the price drops to $87,400, it could present long entry points upon reversal signs.
  • A deeper retest might target $83,200, anticipating a liquidity sweep.

Bitcoin

FOMC Meeting Impact

  • The upcoming FOMC meeting is expected to influence Bitcoin's next major directional move.
  • Market consolidation suggests an equilibrium between buyers and sellers, with reduced institutional investment noted as a factor.

Bitcoin