#BTCPrediction

The momentum of BTC tends to slow down before the FOMC meetings and then becomes volatile afterward. The same could happen following this week's statements from the Federal Reserve.

Bitcoin bulls

BTC

€85,580

remain firm around the $94,500 level as the market awaits the Federal Open Market Committee (FOMC) meeting on May 7. Bitcoin analyst Axel Adler Jr. pointed out the strength of the BTC price and noted a bullish cluster of long positions forming around $94,400 in the futures market. A similar cluster was observed at the end of April, which pushed BTC prices to $97,500.