Bitcoin faces a probable plunge below $84,000 this week, with technicals pointing to a swift retest of $70,000 lows as sellers capitalize on exhausted upward pressure.
Bitcoin price jumped above $94,000 after the Federal Reserve cut its benchmark rate 25 basis points to 3.50%–3.75% to support jobs and curb elevated inflation.
Bitcoin closed the week at $90,429 after testing $84,000 support and $94,000 resistance, with bulls now banking on Wednesday's FOMC meeting for a rate cut to fuel upward momentum toward $101,000.
PREDICT BITCOIN
