Bitcoin Braces for FOMC Shockwaves — Will Price Hold or Crack?

Bitcoin faces a critical moment as market watchers speculate on the Federal Open Market Committee's (FOMC) upcoming decisions. The cryptocurrency's response to this event could either stabilize its price or send it tumbling. Investors and traders are on edge, eager to learn which coins might thrive amid the turbulence. Stay tuned to uncover potential winners in this tense market scenario.

Bitcoin Struggles to Break Key Barriers, Bears in Control

Source: tradingview 

Bitcoin is currently facing challenges, hovering between around $102K and almost $110K. The bulls are struggling as BTC battles to break past the nearby resistance at just over $114K. In contrast, the bears seem strong with support just under $99K. If bears continue, Bitcoin could drop further, nearing $91K. However, if bulls gain momentum and push Bitcoin above the $114K mark, the next big target would be about $121K. This could mean a rise of almost 18% from the current lower range. With Bitcoin's current indicators showing weakness, the market is waiting to see if bulls can rally soon.

Conclusion

Bitcoin’s struggle at key resistance zones signals a fragile market sentiment heading into the FOMC decision. If bulls can’t reclaim momentum soon, a deeper correction could follow. But for sharp-eyed investors, volatility also breeds opportunity. The next few days could separate short-term panic from long-term positioning—and spotlight which assets are truly built to endure.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.