#MarketPullback Bitcoin started 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 BeInCrypto editorial team has gathered investor forecasts and arguments in favor of their viewpoints in one review.

What is happening with Bitcoin

Bitcoin reached a local maximum on May 2, 2025, at a level of $97,877. Contrary to investors' expectations, the cryptocurrency has failed to break through $100,000 again. After updating the local maximum, the coin began a correction, which continued at the beginning of the new working week. At the time of writing the review, Bitcoin is trading at $94,388, which is 13% lower than the absolute maximum of $109,114.

Awaiting the Fed's decision

The crypto market is experiencing turmoil while awaiting the Fed's next interest rate decision. At the time of writing the review, most market participants are confident that the regulator will keep the rate at the same level.