Bitcoin Hovers at $100K Ahead of Fed Rate Decision

Bitcoin's Market Top: UTXO Analysis Reveals Key Insights

Bitcoin (BTC) investors and traders are eagerly awaiting the Federal Reserve's interest rate decision, with the cryptocurrency's price hovering around the $100,000 mark. As the market braces for potential volatility, analysts are scrutinizing Bitcoin's Unspent Transaction Outputs (UTXOs) to gauge the market's top.

Data from various sources, such as and, indicate that $102,000 remains the focal point for BTC price action as the Wall Street open approaches. The cryptocurrency has experienced modest volatility within a tight range, with BTC/USD dipping near the $100,000 mark but ultimately failing to spark a deeper sell-off.

Market participants are adopting a "wait and see" approach ahead of the Federal Open Market Committee (FOMC) announcement, scheduled for 2:30 PM Eastern Time. Fed Chair Jerome Powell will subsequently deliver prepared remarks and participate in a press conference, adding to the market's uncertainty.

The FOMC decision is accompanied by external pressure from US President Donald Trump, who has demanded that interest rates drop immediately. Trump's hawkish stance contrasts with Powell's more dovish approach, potentially leading to market volatility.

Market odds remain almost unanimously skewed toward a pause in rate cuts, which began in Q3 last year. The latest estimates from CME Group's FedWatch Tool show that market expectations are primarily focused on maintaining the existing interest rates. This, combined with the prospect of fewer cuts in 2025, has previously pressured crypto and risk assets.

Popular trader Pierre has identified key BTC price levels, with $96,000 serving as crucial support and a trip beyond $103,000 signaling a potential breakout. He also noted that Powell's day usually comes with several waves of volatility, highlighting the potential for rapid market shifts post-announcement.

Data from monitoring resource CoinGlass shows strengthening ask liquidity just below $104,000 ahead of the FOMC meeting, indicating a strategic mindset among traders as they prepare for possible volatility and significant shifts in market sentiment.

As the FOMC meeting unfolds, traders are advised to remain vigilant and informed. The potential