Bitcoin Teases $100K as Fed Prepares to Move—Will the FOMC Fuel the Rally or Spook the Market?

All eyes on BTC as it flirts with six figures ahead of the Federal Reserve’s next rate decision. Traders are split—will Powell pump the brakes or serve up another liquidity happy hour?

The crypto crowd’s betting on institutional FOMO overpowering hawkish Fed whispers. Meanwhile, Wall Street’s still trying to explain how ’digital scarcity’ works—bless their spreadsheet-loving hearts.

Looking at the 4-hour chart, Bitcoin price recently bounced off a support zone at $93,000. Right now, the price is testing a resistance zone. If the price holds and gains strength, it could jump 5% toward $102,2500. If not, a drop to $88,772 is possible.

In a recent report on May 6, crypto exchange Bitfinex confirmed that Bitc can hit a new all-time high only if the price manages to stay above the support level at $95,000. The exchange said “The $95,000 level—currently under consolidation—is a critical pivot point, acting as the lower boundary of a three-month range.” In short, if the price stays above this level may lead to a new all-time high, but dropping below could trigger a sharp fall.

Also Read: Strive Merges with Asset Entities, Raises $1B to Buy Bitcoin