#MarketPullback Bitcoin began the new working week with a decline. The weakness of the cryptocurrency has become a topic of discussion in the crypto community regarding the prospects for its further price movement. The editorial team at BeInCrypto has gathered forecasts from investors in one overview, as well as arguments in favor of their viewpoints. What is happening with Bitcoin Bitcoin set a local maximum on May 2, 2025, at a level of $97,877. Contrary to investors' expectations, the cryptocurrency failed 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 this overview, Bitcoin is trading at $94,388, which is 13% lower than the absolute maximum of $109,114. Waiting for the Fed's decision The crypto market is in turmoil awaiting the Fed's upcoming interest rate decision. At the time of writing this overview, most market participants are confident that the regulator will keep the rate at the same level. Over 94% of market participants are confident that the Fed will maintain the rate at its current level. Source: cmegroup. Meanwhile, US President Donald Trump is lobbying for the Fed to lower the rate.