BTC, altcoins and stocks sharply sold-off as pressure builds ahead of this week’s FOMC meeting and the possibility that the Fed will taper its easy-money policies.
Bitcoin (BTC) bulls are once again on the defensive foot after the breakout momentum that put the price above $50,000 on the weekend evaporated and pulled the price under $47,000. Analysts say the slight pullback in equities markets and the upcoming Federal Open Market Committee (FOMC) meeting are the primary reasons for today’s pullback and a few suggest that a revisit to the swing low at $42,000 could be on the cards. BTC/USDT 4-hour chart. Source: TradingViewHere’s a look at what analysts are saying about the current Bitcoin price action and what they expect in the short term.Fed taper talks put pressure on the marketThe current headwinds facing BTC are in large part being influenced by regulatory matters in the United States, as highlighted in a recent r
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