CaryptosHeadlines Media Has Launched Its Native Token CHT.
Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT.
Join the Airdrop at the official website,
CryptosHeadlinesToken.com
The price of Bitcoin 
$82,520 declined by 3% ahead of the U.S. Federal Reserve meeting, leading to cautious behavior among traders. The value of Bitcoin, which hovered around $84,000 at the beginning of the week, experienced a sudden sell-off that diminished the purchasing power of investors.
Decline in Cryptocurrencies
The downturn in the crypto market triggered a chain of liquidations in the derivatives markets. While positive news and previous support levels attempted to hold the price around $84,000, the increasing selling pressure caused a retreat below this level. It is suggested that if selling pressure persists, Bitcoin could approach the $78,000 mark.
The Bitcoin bull cycle has ended, and a decline or sideways movement is expected in the next 6–12 months.
– Ki Young Ju, CryptoQuant CEO
The past selling movement of 827,783 BTC highlights the tendency of long-term investors to reduce their positions. This behavior was also seen in previous corrective phases. Investors continue to tread carefully based on technical indicators and historic market data.
Mass sell-offs by long-term investors should be seen as a sign of significant changes ahead.
– Aarun
Fed Decision and Market Uncertainty
The impending U.S. Federal Reserve interest rate decision creates uncertainty in the markets, reducing the risk appetite of traders. The current downward trend may persist for an extended period following the Fed’s decision. Technical indicators emphasize the critical role of support and resistance levels. Although the Fed is not expected to cut rates in this meeting, it will share its three-year interest rate projections, marking a significant event of the month.
Observations indicate that Bitcoin’s current correction may broaden. Traders should remain vigilant against price fluctuations and closely monitor market data. If Powell does not make dovish statements and fails to signal a halt to balance sheet contraction, the coming months could prove challenging.
Market analysts advise traders to make decisions based on economic developments and the Fed’s announcements. In this context, carefully examining the current technical situation and past selling patterns may prove beneficial.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
