Bitcoin is currently navigating a defined price range as macroeconomic factors exert influence and momentum wanes. Recently, the cryptocurrency managed to recover to the $90,000 threshold, approaching a critical supply zone.
As the market anticipates the upcoming Federal Open Market Committee (FOMC) meeting, the prevailing sentiment favors a rate hold, with a striking 90% probability assigned to this scenario. This development raises questions about how such a consensus might affect BTC prices in the near term.
Market participants are increasingly focused on the implications of the FOMC”s decisions, particularly as they relate to interest rates and overall economic conditions. The potential for a maintained rate could have a significant impact on investor sentiment and market dynamics for Bitcoin.
In summary, as Bitcoin grapples with macro pressures and prepares for the FOMC meeting, market observers are closely watching how the 90% no-cut probability may shape the cryptocurrency”s trajectory in the coming days.
