The price of Bitcoin dropped to $76,000 during the Fed sessions

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The price of Bitcoin is bleeding, as … BTC is trading at $76,000a decrease of 1.75% within 24 hours and 2.15% within the last week. This decline fueled bearish expectations based on what many traders had not considered.

The recent press conference of Jerome Powell, the Chairman of the Federal Reserve, on Wednesday was the beginning of this, as he explained. Data It acted as a market catalyst.

Bitcoin fell 2% to $75,000 at the same time the decision was made, as the markets were divided by the decision of the Fed which included four votes against in one vote, the largest number of opponents since October 1992, according to Thomas Perfumo, an economist at Kraken.

Perfumo said in a letter he shared DL News Saying: “Warsh’s failure to effectively transfer power points to the possibility of disagreement on Fed policy.”

The FOMC has already started.

4 Controversies today.
1 wanted to cut
3 opposed the language.

For the first time since 1992 there have been 4 inconsistencies.

Consider that Powell’s last FOMC was supposed to be as chaotic as possible.

– Easy (@NotSoEasyMoney) April 29, 2026

Businessmen responded by losing what was needed $138 million in Bitcoin exchange-traded funds (ETFs) After the meeting, which changed significantly the recovery that took place in April. This is an impressive change considering the $2 billion that went into Bitcoin cash this month, with April still representing Bitcoin’s best month since October.

Demonstrating the potential of the “Polymarket” platform. Only 10% chance BTC reaches $100,000 by 31 December 2026, against a 90% chance of steady interest rates until the end of the year, economic growth is not giving Bitcoin any support at this point.

Bitcoin Price Prediction: Will the Coin Recover Above $78,000 or Is There a Deeper Decline?

BTC is giving mixed signals at the moment, and this usually happens when the market is going up very quickly.

The price is currently holding around the fulcrum near $76.5K, with the support levels increasing below at $75.6K, $74.8K, and the required level at $73.9K. This last level is considered the true “bottom”; A loss means that the price of the stock turns in a clear direction.

Above, the resistance levels are at $77.3 thousand, $78.2 thousand, and $78.9 thousand. Restoring this area is what will bring the speed back to the surface.

The Relative Strength Index (RSI) is currently neutral, so there is no clear chance, but fear is high, which can sometimes lead to price changes if buyers intervene.

What is expected right now is that BTC is trading between about $75.5K and $78.2K, while the market is waiting for clarity on the major growth.

If Bitcoin manages to break the $78,000 level with the volume of trading, it can push to the low 80s levels. However, if the level of $ 73.9 thousand is broken, this will open the door to a rapid decline to $ 70 thousand.

In short, we are faced with great uncertainty; The price is not high enough to get out, nor is it strong enough to get out, it is just building pressure in preparation for the next move.

A note The price of Bitcoin dropped to $76,000 during the Fed sessions appeared for the first time Cryptonews Arabic.

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