Bitcoin Price Eyes $100,000 Support as FOMC Decision Sparks Crypto Market Uncertainty

Bitcoin (BTC) and major altcoins are under increased selling pressure as traders await the Federal Open Market Committee (FOMC) interest rate decision. Bitcoin is currently trading near $104,000, with analysts emphasizing the importance of holding above the $102,000-$103,000 support zone to prevent a decline toward the key psychological level at $100,000. Technical indicators, including a flattening 20-day exponential moving average and a neutral relative strength index (RSI), suggest the market may experience range-bound trading until a decisive move occurs. The 50-day simple moving average remains the principal resistance level, and a breakout above both the 20-day EMA and the 50-day SMA could trigger a recovery toward $112,800. Geopolitical tensions and broader macroeconomic factors are contributing to market uncertainty, making the outcome of the FOMC meeting especially pivotal for short-term price trends in the crypto sector. Major altcoins such as ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, SUI, and BCH are also consolidating within established ranges, with crucial support and resistance levels in focus. Analysts continue to recommend robust risk management strategies—including stop-loss orders—and suggest diversifying into altcoins that are demonstrating stable consolidation to help mitigate downside risks. For crypto traders, Bitcoin’s approach to a major support threshold and the broader sideways movement in altcoins underscore the critical need to monitor both macroeconomic signals and key technical price levels, particularly as volatility is anticipated to spike around the FOMC rate announcement.