Bitcoin's price is positioned for potential major volatility as it has been consolidating for the past seven months. Recent patterns indicate a death cross, yet BTC remains above critical support levels, suggesting a rally could be imminent.
The geopolitical situation, particularly in the Middle East, adds a layer of uncertainty which might influence Bitcoin's price dynamics post-FOMC meeting.
Investors and analysts are keenly observing how the Federal Reserve's decisions will impact the cryptocurrency markets, specifically regarding Bitcoin's prospects of exceeding the $61K mark.
