Bitcoin Hikes Volatility Into ‘tricky’ Fomc As $93.5k Yearly Open...

Bitcoin whipsawed around the key yearly open level into the Fed interest-rate announcement as traders waited for a reliable move.

Bitcoin (BTC) gave back recent gains on Wednesday as traders predicted fakeout moves around the Federal Reserve interest-rate announcement.

Bitcoin fails to hold onto its recent trip past $94,500 as nerves accompany the Fed interest-rate decision.

Traders are prepared for unreliable moves in both directions around FOMC.

Japan-centered risk-asset volatility is already on the horizon as the next key issue.

Data from Cointelegraph Markets Pro and TradingView showed that the BTC price trajectory was heading lower at the Wall Street open.

Having reached $94,650 the day prior, BTC/USD failed to hold higher levels, including the 2025 yearly open.

At the time of writing, the pair traded around $92,000 as market participants expected unreliable price maneuvers around the rates announcement and press conference.

“FOMC meetings can be pretty tricky,” crypto trader, analyst and entrepreneur Michaël van de Poppe wrote on X.

Trader Daan Crypto Trades noted that exchange order books lacked major liquidity clusters on either side of the price after the move higher.

Source: CoinTelegraph