FOMC Report Causes Bitcoin Dip: Will Sell-Side Pressure Drag Prices Lower?

Bitcoin’s price has been rangebound for the last few days, consolidated between $117,261 and $120,000. However, recent market conditions and external influences, such as the Federal Open Market Committee (FOMC) meeting on Wednesday, caused a temporary decline.   As of now, Bitcoin is priced at $118,419, slightly recovering after dipping to $115,700. Despite this recovery, Bitcoin’s path remains uncertain, owing to factors such as sell-side pressure source: https://beincrypto.com/bitcoin-price-drops-before-fomc/