Overview
- Bitcoin hovered around the $90,000 mark with intraday swings and a failed push above $92,000, reflecting choppy trading into the Federal Reserve decision.
- Traders assign roughly 86%–87% odds to a 25‑basis‑point cut, with some watching whether this cut repeats recent post‑decision sell‑offs or finally breaks that pattern.
- Bitfinex flagged weakening spot demand and a lighter buy‑side backdrop, and Coinglass tracked roughly $200 million to $280 million in liquidations over 24 hours, underscoring heightened sensitivity to macro shocks.
- Bernstein raised its outlook to $150,000 in 2026 and $200,000 in 2027, arguing institutional flows now drive market mechanics as spot ETF redemptions stayed near 5% during the correction and on‑chain data show large‑holder accumulation.
- Key chart levels remain in focus with resistance near $94,000 and then $101,000, support bands around $87,200 to $84,000, and confirmed death‑cross conditions reinforcing near‑term fragility.