Bitcoin is trading at $94,724, down 1.7% this week, as markets await the #FOMCMeeting outcome. Technicals show $BTC near critical support at $94K, with weakening momentum and bearish signals including a MACD crossover and declining RSI.
On-chain data is mixed: long-term holders are accumulating, but spot volume has turned negative. Institutional players like MicroStrategy and BlackRock are buying heavily, yet regulatory uncertainty looms from bills like the #USStablecoinBill and #USHouseMarketStructureDraft.
The Fed’s likely rate pause (4.25%–4.50%) and Powell's speech tomorrow could shift sentiment. A dovish stance may propel $BTC toward $100K, while hawkish signals may lead to a drop to $ 90 K.
Conclusion:
$BTC is at a crossroads—bullish breakout or deeper correction hinges on Fed signals and macro sentiment. Traders should stay alert and manage risk.
