Key Bitcoin price levels to watch ahead of 2025’s last FOMC meeting

Bitcoin's price struggled to break $94,000 resistance as the market awaited the final Federal Open Market Committee (FOMC) meeting decision, where a 25 basis point rate cut is highly anticipated (96% probability according to Polymarket). However, analysts suggest any bullish impact from the cut is likely already priced in, and market focus is shifting to Fed Chair Jerome Powell's speech for potential hawkish surprises or commentary on firm wage data, which could trigger a sell-off.

Key price levels for Bitcoin include flipping the yearly support at $93,300 to hold gains, followed by overcoming the 50-day Simple Moving Average (SMA) at $98,000 to target the $100,000 psychological level. Above this, a major supply zone extends to $108,000. Conversely, bears aim to maintain the $94,000 resistance, with a break below $91,000 potentially leading to a retest of lows near $84,000, especially if support at $91,500 fails.

(Source：Cointelegraph)