Analyst Warns Bitcoin Could Crash to $77K After Fed Meeting
- —Whales cut holdings by 8,160 BTC in 24 hours and booked over $150 million in profit
- —Coinbase Premium Index sits at a monthly low of -0.17, signaling weak US demand
- —A break below $81,000 risks a drop to $77,000 or $67,000
- —Reclaiming $84,500 would open the path to $92,000 and $104,000
Why it matters: The FOMC decision and Warsh's remarks will set BTC's near-term direction, with $81,000 as the pivot between $77,000 and $92,000.
Source: CryptoPotato