Bitcoin trader warns of ‘bearish reaction’ to FOMC with $64K now essential Bitcoin approached important near-term support on new Fed chair Kevin Warsh’s first FOMC day with a $55,000 BTC price target still on the table.
Bitcoin (BTC) fell below $65,000 on Wednesday as traders predicted the impact of a key macro event
Key points: – Bitcoin approaches the next Fed interest-rate decision near important support. – BTC price analysis warns that “bearish” moves typically accompany FOMC days. – $55,000 remains on the table as a target next. BTC price analysis: FOMC could “set the tone” for June Data from TradingView showed intraday lows of $64,782 on Bitstamp. BTC/USD one-hour chart.