Bitcoin is currently facing a crucial resistance level, with a new bearish signal appearing in the short term. The outcome of the upcoming Fed meeting, set to take place in just a few hours, could also have a significant impact on the market.
The Fed will soon announce its decision on interest rates, scheduled for 6:00 PM GMT. Depending on this decision, Bitcoin could either face more pressure or start a bull run that pushes its price towards $70,000.
