Bitcoin Faces Key Resistance Ahead of Federal Reserve Meeting

According to Odaily, the Federal Reserve's FOMC meeting is scheduled for March 18-19, potentially causing market fluctuations in the coming days. A significant announcement regarding interest rates is expected at 2 p.m. Eastern Time on March 19. Bitcoin needs to convert the $85,000 resistance level into support to aim for a higher target of $90,000. Analyst SuperBitcoinBro suggests that Bitcoin's 'worst-case scenario' could be between $71,300 and $73,800. Another analyst, Nebraskangooner, notes that the FOMC meeting presents uncertainties, and Bitcoin must reclaim $86,250 to confirm a bullish scenario in the lower time frame.