Bitcoin’s been chilling between $93.4K and $97K for the past week, and everyone’s just waiting on one thing: the FOMC meeting at 2 PM ET today. That’s the next big catalyst — and it could be the moment BTC blasts past the $100K mark.
What’s the Fed Saying?
According to the CME FedWatch Tool, there’s a 97.7% chance the Fed won’t touch interest rates, keeping them between 4.25%–4.50%. Inflation’s still being stubborn, and pressure for cuts is rising, but Fed Chair Jerome Powell is likely to keep things steady with his usual cautious tone.
Where’s Bitcoin At?
Right now, BTC is trading at $96,929, up 2.44% in the last 24 hours, with $38.1B in volume, per CoinMarketCap.
Price Action: What the Charts Say
On the 4-hour chart, BTC just bounced off a solid support at $93K and is now testing resistance. If momentum holds, we could see a breakout — think a 5% pump to $102.25K. But if BTC gets rejected here, it could dip hard down to $88,772.
Bitfinex’s Take
A recent Bitfinex report (May 6) says $95K is make-or-break. It’s the bottom of a three-month price range. Holding above it? Possible new all-time highs. But if BTC slips below $95K, things could unravel fast.
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