Traders expect bitcoin to fluctuate ahead of the Federal Reserve's interest rate decision
2025-05-04 14:50:45
A number of well-known traders have expressed their views on the recent trend of Bitcoin. Trader TheKingfisher pointed out that there are currently intensive long positions in the $95,700-96,000 range, and a large number of short orders in the $96,500-97,000 range. These price levels may become price magnetic levels, and sharp fluctuations are expected. Analyst Michaël van de Poppe believes that as long as Bitcoin remains above $91,500-92,000, it is still expected to reach new highs. He also cautioned that the cryptocurrency market tends to see a correction before the Federal Reserve meeting, and is expected to resume its upward trend after bottoming out on Tuesday.
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