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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Bitcoin Has Turned Down Again: Analysts Expect a Plummet Below This Price! - Coin Bulletin
Bitcoin price has declined below 95 thousand dollars due to macroeconomic uncertainty and expectations of the Fed meeting, according to analysts, levels around 90 thousand dollars may be tested.
Bitcoin (BTC) price fell below 95 thousand dollars on Monday due to increasing macroeconomic uncertainty and expectations for this week's US Federal Reserve ( meeting. Market experts are warning that the cryptocurrency could decline to 90 thousand dollars or lower.
)# Technical analyses indicate lower levels
This drop came after a strong two-week rally during which Bitcoin rose above 98 thousand dollars, attracting the interest of both individual and institutional investors. However, some analysts point out that technical and macro risks that could further pressure prices have come together.
FxPro analyst Alex Kuptsikevich stated in an email sent to CoinDesk, "We have returned to a key resistance level that acted as support from December to February. The next downside targets are $92,500 and $89,000. A clean break below $90,000 would be damaging technically and psychologically, taking us below the 200-day moving average."
The Fed meeting will be decisive
Investors are monitoring developments in the ongoing US-China tariff negotiations that could significantly affect Bitcoin prices and the Fed policy meeting this weekend. The Fed is expected to keep interest rates unchanged on Wednesday, but investors will closely watch for statements that provide clarity on economic projections and future rate cuts.