#MarketPullback Bitcoin began a new working week with a decline. The weakness of the cryptocurrency has sparked discussions in the crypto community about the prospects for its further price movement.

The BeInCrypto editorial team has compiled a review of investors' forecasts, as well as arguments supporting their viewpoints.

What is happening with Bitcoin

Bitcoin set a local maximum on May 2, 2025, at $97,877. Contrary to investors' expectations, the cryptocurrency has not been able to break through $100,000 again. After updating the local maximum, the coin began a correction that continued at the beginning of the new working week. At the time of writing, Bitcoin is trading at $94,388, which is 13% below the absolute maximum of $109,114.

In anticipation of the Fed's decision

The crypto market is in turmoil in anticipation of the Fed's next interest rate decision. At the time of writing, most market participants are confident that the regulator will keep the rate at its current level.