#MarketPullback Bitcoin has started a new work week with a decline. The weakness of the cryptocurrency has become a topic of discussion in the crypto community regarding the prospects of its further price movement.

The editorial team at BeInCrypto has gathered in one review forecasts from investors, as well as arguments supporting their viewpoints.

What is happening with Bitcoin

Bitcoin reached a local maximum on May 2, 2025, at the level of $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, which continued at the beginning of the new work week. At the time of writing this 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 in turmoil while awaiting the next decision from the Fed regarding the interest rate. At the time of writing this review, most market participants are confident that the regulator will keep the rate unchanged.

Over 94% of market participants believe that the Fed will maintain the interest rate at the same level. Source: cmegroup

Recall that U.S. President Donald Trump is meanwhile lobbying for the Fed to shift towards lowering the rate.