Analysis: Traders Focus on Fed Meeting, Current Key BTC Support Levels at $92,500 and $89,000
According to CoinDesk, Bitcoin fell below $95,000 amid macroeconomic uncertainty and expectations from the Federal Reserve meeting. Analysts warn that prices may decline further, with key support levels at $92,500 and $89,000. Despite the drop, Bitcoin ETF net inflows last week still reached $1.81 billion, indicating continued investor interest.
Alex Kuptsikevich from FxPro pointed out that the market has returned to the key resistance zone that provided support from December to February. The next downside targets are $92,500 and $89,000. Falling below $90,000 would cause damage both technically and psychologically, and break below the 200-day moving average.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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