Bitcoin Approaches Major Technical Levels as Traders Brace for This Week’s Crucial FOMC Decision
From Yahoo Finance: 2025-05-09 19:40:00
Bitcoin has surged 28% from its April low to $95,646, showing a bullish trend with higher lows. As the Federal Reserve’s FOMC decision looms, caution is advised. Resistance levels at $96,500 and support at $92,700, $90,000, and $88,000 are key points to watch. Potential targets are $99,431 and $110,000 if the trend remains intact. The FOMC event this week could be a turning point for Bitcoin, requiring flexibility and attention to price behavior.
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