When Will Bitcoin Rise? How Will the FOMC Meeting Affect the Price? Famous Analyst Shared His BTC Analysis That Will Make Investors Happy!

As the cryptocurrency market braces for pivotal decisions this week, all eyes are on the upcoming FOMC meeting and Federal Reserve Chairman Jerome Powell's statements, set to shape Bitcoin's trajectory.

Amid a general correction in BTC and the broader market, analysts anticipate heightened volatility, particularly as Bitcoin's price dips below the $61,000 mark.

Renowned analyst Michael van de Poppe remains optimistic, suggesting that Bitcoin's post-FOMC prospects are promising. Drawing on historical patterns, Poppe highlights a trend where Bitcoin typically experiences a dip before the FOMC, followed by a rebound thereafter.

Despite projecting further declines in the short term, Poppe anticipates Bitcoin hitting bottom within the week, advising investors to consider buying BTC below the $61,000 threshold and awaiting the anticipated rise.

With Poppe's insights in mind, investors navigate the market's turbulence, poised for potential gains following the outcome of this week's crucial events.

source - CoinMarketCap