What to know:
- Bitcoin fell below $95,000 amid macroeconomic uncertainty and anticipation of the Federal Reserve meeting.
- Analysts warn of potential further declines, with key support levels at $92,500 and $89,000.
- Despite the dip, Bitcoin ETFs saw net inflows of $1.81 billion last week, indicating continued investor interest.
Bitcoin (BTC) has dropped below $95,000 as traders prepare for a potential fall to $90,000 or lower amidst increased market uncertainty and upcoming comments from the Federal Reserve.
This decline follows a robust two-week rally where BTC briefly surged past $98,000, capturing retail and institutional attention. However, some analysts indicate a combination of technical challenges and macroeconomic risks could further lower prices.
“We’re back at a key resistance zone that acted as support from December to February,” said FxPro’s Alex Kuptsikevich in an email. Translation: “Estamos de volta a uma zona de resistência chave que funcionou como suporte de dezembro a fevereiro.”
Further downward adjustments are anticipated if Bitcoin falls cleanly below $90,000, which could harm market sentiment, affecting the technical outlook.
Traders are also observing ongoing U.S.-China tariff discussions as they typically influence Bitcoin price movements. The Federal Reserve is expected to maintain interest rates steady during its meeting this Wednesday, with investors keenly watching for economic insights and future rate guidance.
QCP Capital commented on the situation, saying, “The combination of solid data and hopes of easing trade tensions helped markets rebound from the post-Liberation Day sell-off.”
Despite the retreat, Bitcoin spot ETFs are still attracting inflows, totaling $1.81 billion last week according to SoSoValue.
On-chain metrics suggest caution, though. Indicators indicate that historical profit-taking occurs when long-term holders experience nearly 350% in unrealized gains.
“Historically, LTHs begin distributing more aggressively around a 350% unrealized profit margin,” noted Glassnode, warning of potential sell-side pressure. Translation: “Historicamente, LTHs começam a distribuir de forma mais agressiva em torno de uma margem de lucro não realizado de 350%.”
In other news, data from Santiment reveals that discussions around meme coins have peaked in 2025, indicating a potential return to higher-risk investments after a period focused on established assets and ETFs.
However, these fluctuations have not sustained growth across the board, as illustrated by GORK, a memecoin previously linked to a parody AI chatbot mentioned by Elon Musk, which has struggled to maintain its momentum.
