$BTC As of May 6, 2025, the BTC/USDT pair is trading around $94,177, reflecting a slight decline of approximately 0.4% in the past 24 hours. This movement comes ahead of the Federal Open Market Committee (FOMC) meeting, where the Federal Reserve is widely expected to maintain the federal funds rate at its current range of 4.25%–4.50%.

Market analysts suggest that Bitcoin's price is consolidating within a narrow range, with key support levels at $90,000 and $88,800, and resistance around $95,000 to $100,000. The outcome of the FOMC meeting and Chairman Jerome Powell's commentary are anticipated to influence Bitcoin's short-term trajectory.

A dovish tone from the Fed could bolster Bitcoin's price, potentially pushing it toward the $100,000 mark. Conversely, a hawkish stance may lead to a decline, with analysts eyeing support levels between $91,500 and $92,000.

Overall, the BTC/USDT pair remains sensitive to macroeconomic indicators, and traders are closely monitoring the FOMC's decisions for cues on future price movements.