Bitcoin Faces Geopolitical Uncertainty and Fed Rate Decisions
Bitcoin's price is influenced by escalating geopolitical tensions and the upcoming FOMC interest rate decision. Analysts warn of potential market volatility.
Analysts at Bitunix advise traders to monitor international responses and sanctions. Key Bitcoin levels to watch are resistance at $117,000–$118,000 and supports at $114,000 and $111,000. Traders are advised to reduce leverage and limit single-position exposure amidst developing events.
Market consensus indicates a 25-basis point rate cut from the Fed, with less expectation for a 50-basis point cut. Rising VIX and MOVE indices reflect broader market apprehension.