Bitcoin is holding steady below $105,000 as traders await the Federal Reserve's interest rate decision. The announcement, expected at 2:30 pm Eastern Time, is likely to confirm a 0.25% rate cut. However, concerns linger about potential rate hikes in 2025 due to rising inflation. As the FOMC meeting approaches, Bitcoin is experiencing typical pre-event sell pressure, with traders cautious and reducing long positions. Despite this, some analysts believe it wouldn't take much to shift momentum back to the bulls, especially with an unfilled gap in Bitcoin futures markets around $102,000.