Crypto investment analysis: BTC could fall below $29000, as federal interest rate decision in forward

"The FOMC's decision may affect Bitcoin's price direction and general sentiment within the cryptocurrency market."

Today BTC price is trading at 29199 . Last 24 hr. price range was observed between $29085-$29422

 

With the next meeting of the Federal Open Market Committee (FOMC) scheduled for Wednesday, traders are eagerly awaiting the outcome and its impact on various financial assets, including Bitcoin.

 As the FOMC meets to make a decision on the federal interest rate, the cryptocurrency market is on the edge, investors are wondering if Bitcoin has already gone down or if other exchanges are on the way.

The FOMC's decision may affect Bitcoin's price direction and general sentiment within the cryptocurrency market.

Read more: 

BTC price could stay above $30000, as Cathie Wood statement on bullish

 

Technical analysis and possibilities:

Technical analysis for BTC is standing on high volatility mode for running week, most of the crypto experts and market traders are expecting that BTC will going to face huge price change to either upside or downside as traders focus on upcoming FOMC decision.  As our technical analysis price could move $30500-$28000

Three have huge possibility that due to declining buying pressure, if BTC could break the previous support level at $28000 then the next price level will seen at $26500-$25000 range. The resistance level is $31000 and support would be $27500.