Bitcoin trader warns of 'bearish reaction' to FOMC with $64K now essential

Bitcoin approached important near-term support on new Fed chair Kevin Warsh's first FOMC day with a $55,000 BTC price target still on the table.

Bitcoin (BTC) fell below $65,000 on Wednesday as traders predicted the impact of a key macro event.

Key points:

Bitcoin approaches the next Fed interest-rate decision near important support.

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