Bitcoin traders are bracing for a potential test of the $53,000 support level after the Federal Reserve meeting left crypto markets facing continued negativity.
Analysts cite several factors contributing to the bearish outlook:
* Hawkish Fed signals regarding future interest rate hikes
* Heightened inflation concerns
* The broader risk-off environment impacting traditional markets
Despite the headwinds, some analysts remain cautiously optimistic about Bitcoin's long-term prospects.
Share your thoughts on Bitcoin's price trajectory in the comments!
