Will Federal Reserve Decisions Propel Bitcoin Towards $100,000?

Bitcoin's current price stability at around $90,000 signals a cautious market sentiment as traders face high correction risks. Key indicators suggest a bearish trend, with the price recently rejecting the pivotal $94,000 mark and shifting focus towards support at $78,000.

Despite some resilience among core holders, concerns about market momentum persist, particularly with the Federal Reserve's impending interest rate decisions. The potential for lower rates could influence Bitcoin's trajectory, possibly pushing it towards the coveted $100,000 mark as investors seek safer assets amidst rising credit defaults in the tech sector.

Meanwhile, liquidations are rising sharply, reflecting a broader deleveraging trend in the crypto market. As investors navigate this volatility, the outcome of the Fed's policy pivot remains crucial for Bitcoin's future direction and overall market confidence.