Bitcoin is facing a very important "red line"! Analysts warn that if the Fibonacci support level of 0.382 is not maintained, the price of BTC could plummet to the lows of April at 76,000 USD. Last weekend, Bitcoin experienced an unexpected leverage liquidation, indicating "manipulation" of the market in the context of low liquidity.

This week's focus is on the meeting of the U.S. Federal Reserve (Fed). While many expect a 0.25% rate cut, it is the "forward guidance" statement after the meeting that will be the deciding factor. The cryptocurrency market has lost momentum since the rate cut in October, with pressure extending into the end of the year.

Experts believe that the opportunity for price increases is slim while the risk of declines is more evident, especially as BTC remains within the range of 70,000 – 100,000 USD. Will the Fed bring hope or push Bitcoin into a more difficult situation? Let's keep a close watch!

#Bitcoin #BTC #CryptoNews #Fed #CryptoMarket

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