Key Bitcoin Price Levels To Watch Ahead Of 2025’s Last Fomc Meeting

Bitcoin remains volatile ahead of the FOMC, with big overhead resistance at $94,000 in place and several key support levels below.

Bitcoin’s (BTC) price failed in another attempt to break above resistance at $94,000 on Tuesday as volatility hit the market ahead of the Fed rate cut decision on Wednesday.

The odds of a 25 bps cut on Wednesday now stand at 96%, according to Polymarket.

BTC price may drop as low as $84,000 if key support levels are broken.

The year’s last US Federal Open Market Committee (FOMC) two-day meeting began on Tuesday, with the policy decision on interest rates expected on Wednesday at 2:00 pm pm ET.

Market participants expect the Federal Reserve to lower interest rates by 0.25%, marking its third cut of the year.

Related: Bitcoin FOMO trickles back at $94K, but Fed could spoil the party

Polymarket shows a 96.8% chance that interest rates will be cut to between 3.50% and 3.75%, with a 3% probability that the rates will remain unchanged.

However, any bullish price action from reduced interest rates is likely already priced in.

Bitcoin was retreating toward $92,000 on Wednesday as fears mounted that Fed Chair Jerome Powell’s speech after the meeting could put the market back on shaky ground.

Source: CoinTelegraph