From Cointelegraph

May 4, 2025 10:05 am:

Bitcoin faced liquidity challenges close to spot price as it dipped below $95,000 at the weekly close. Market analysts are watching for significant price levels below $95,000, with the Fed’s interest rate decision looming. Liquidations surged after 10-week highs, creating volatility potential as Bitcoin collided with buy liquidity around $97,200.

Traders saw positions flushed between $94,000-$97,000 over the weekend. Analysts like Michaël van de Poppe anticipate a possible retest of support levels around $91,500-$92,000 while still aiming for a new all-time high. Expectations of downside remain as market sentiment awaits the upcoming Fed interest rate decision, amid recession warnings and pressure from President Trump.

Despite high volatility expectations, the CME Group’s FedWatch Tool shows minimal odds of a rate cut on May 7. Analysts warn of potential corrections in the crypto market leading up to the Fed meeting, with a possible end to the correction around Tuesday. This news article does not offer investment advice, urging readers to conduct their own research before making decisions.

Read more at CoinTelegraph: Bitcoin eyes $95K retest as traders brace for Fed rate cut volatility