Bitcoin recorded a 2% daily decline amid pre-FOMC worries, reflecting a cautious tone among investors tracking the cryptoasset’s reaction to macro signals. The pullback highlights risk avoidance and a careful stance before a monetary policy decision that could reshape appetite for risk assets. Markets remain attentive to how the upcoming announcement may influence sentiment and positioning.
Context and market reaction
The 2% drop unfolded alongside broad expectations around the Federal Open Market Committee (FOMC) meeting, which often drives shifts in assets linked to the interest rate cycle. As stated by analysts describe this as typical pre-FOMC behavior—purposeful selling to reduce exposure before key announcements. Expectations on rates and possible changes in risk appetite are central factors, shaping whether Bitcoin is viewed as protective or speculative.
Market views are split: some traders see the move as a short-term correction, while others warn of a broader shift in overall sentiment. Experts notes voices cautioning about larger risks, including critics such as Peter Schiff, who has suggested Bitcoin could be at a peak before a wider correction.
Technical outlook and key levels
Traders are watching $115,000 as a critical support; a break below could accelerate the pullback. Conversely, holding that support could open higher targets in the $120,000–$130,000 range. Other models in the summary include $125,000 targets via a Wyckoff accumulation framework and lower levels that could reach $51,400 in descending flag formations. Combined indicators point to a neutral backdrop, suggesting many participants will wait for the FOMC decision.
The 2% pullback confirms Bitcoin’s sensitivity to economic signals and keeps the market in a holding pattern until the FOMC decision. Expert’s summary underscores $115,000 as decisive support and places the FOMC announcement as the immediate catalyst that could define the next price phase.
