Bitcoin Tests 77K Before Fed, Powell Signal Awaited
Bitcoin Bitcoin Tests 77K Before Fed, Powell Signal Awaited Bitcoin traded pushing the 77,000 dollar barrier on Wednesday despite widespread expectations that the Fed would keep rates steady; Jerome Powell sharply signaling “high rates for a long time” could create sudden fluctuations in the markets. According to The Block data, BTC was last trading around 77,100 dollars, with the intraday range before FOMC staying between 75.689-77.837 dollars. Timing is critically important, as this could be Powell‘s last policy meeting in the chairmanship seat; candidate Kevin Warsh, who passed the Senate Banking Committee, could take office by swearing in by May 15. Investors are scrutinizing not only today’s decision but also the new regime that will shape afterward. Bitcoin Testing Technical Levels Before Fed Decision Current price at 75.764,54 dollars level, following a horizontal trend with a %-0,40 drop in the last 24 hours. RSI at 57,22 in neutral zone, Supertrend giving bear signal. EMA 20: 75.548 dollars. Strong supports S1 73.664 dollars (⭐ Strong, -%4,05 distance) and S2 76.389 dollars (⭐ Strong, -%0,50). Resistances R1 77.609 dollars (⭐ Strong, +%1,09) and R2 79.467 dollars (medium). Low liquidity makes Powells signal critical; BTC may remain volatile in the 72.000-80.000 band on the BTC detailed analysis