Bitcoin’s ascent has hit a roadblock as it struggles to surpass the $85,000 price mark. The recent meeting of the Federal Open Market Committee (FOMC) has also played a role in the cryptocurrency’s stall.
Market analysts are closely monitoring Bitcoin’s movement as it hovers near the crucial $85,000 threshold. The FOMC’s decisions can impact not only Bitcoin but the entire crypto market as well.
Investors are eager to see whether Bitcoin can break through this important price level or if it will face further resistance. The FOMC’s influence on the market adds another layer of uncertainty for cryptocurrency traders.
As Bitcoin’s price remains stagnant under $85,000, traders are advised to exercise caution and closely follow the developments in the market. Keeping a close eye on both technical indicators and external factors like the FOMC’s decisions is crucial for making informed trading decisions.
